- Micron is a major provider of data storage semiconductors, including DRAM, flash memory, and solid-state drives, which are essentially commodities needed for the manufacture of most digital products.
- Micron was breaking out prior to the pandemic and is now making new 2020 highs. It appears that it finally resumed that breakout.
- Micron just closed the week at the highest weekly close in 20 years and appears likely to finish November at the highest monthly close in the last two decades.
- I believe Micron has the potential to test its all-time high closing price of $96.56 made on July 14, 2000, and possibly make new all-time highs on a continuing melt-up.
BITW is a new publicly traded statutory trust that provides market weighted index exposure to crypto assets. BITW is mostly Bitcoin, and the Bitwise 10 Large Cap Crypto Index does offer market weighted diversification to some other crypto assets. BITW already trades at a very high premium to the fund's NAV, and that NAV premium is likely to be capricious. The Bitwise 10 Crypto Index Fund ( BITW ) is a publicly traded statutory crypto-asset index trust. BITW should offer needed competition in the asset class, where few funds exist, and lofty premiums have been a historic problem. The market is currently dominated by the Grayscale Bitcoin Trust ( OTC:GBTC ). BITW is probably most comparable to Grayscale's Digital Large Cap Fund ( OTCQX:GDLC ). Read Full Article Here