Elon Buys Bitcoin

The Markets march on, with the S&P and Nasdaq seeing modest gains and Emerging Markets outperforming. Expect more of this until ~April when those savvy enough to have bought the dip last year harvest their gains.

Elon Musk gamestonks the crypto market as Tesla buys $1.5B worth of Bitcoin, sending prices up to all time highs. So what is Elon's goal here? ARK suggests the cult leader is pushing a savvy form of treasury management. But is it really just an elevated form of Wall Street Betting? And are people like Elon Musk and Mark Cuban who can drive speculative bubbles with their Twitter followings too powerful?

Not to be outdone the CFO of Twitter said he has also considered using crypto to pay employees. 

Are we now seeing the advent of Business crypto currency speculation. And could this give rise to a future contagion like 2008?

In other news, the irrational IPO market rages on with Bumble picking up 14%. So what's a Bumble?