Crypto Corner Podcast 597: MSTR, TSLA, HSBC, HUT

Point Roberts, WA and Delta, BC – May 25, 2021 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the

Crypto Corner podcast

and commentary on what’s driving cryptocurrency stocks and the crypto market.

Listen to today’s Crypto Corner Podcast:


https://www.investorideas.com/Audio/Podcasts/2021/052521-CryptoMarket.mp3

Crypto Corner Podcast 597: Stocks discussed: (NasdaqGS: MSTR) (NasdaqGS: TSLA) (NYSE: HSBC) (TSX: HUT)

SHARE PODCAST:



Get the Crypto Corner Podcast on iTunes


Get the Crypto corner on Spotify

Michael Saylor, CEO of MicroStrategy Incorporated (

NasdaqGS:MSTR

), arranged a meeting with Elon Musk, CEO of Tesla (

NasdaqGS:TSLA

), along with several other business leaders in the crypto space yesterday. A

tweet

from Elon Musk read:

“Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.”

Saylor himself

commented

on Musk’s tweet:

“Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in North America. The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide.”

Humorously, CEO of EuroPacific Capital and crypto opponent Peter Schiff, responded with:

“In other words you hosted an ass-kissing. Let’s see if it buys you more than a one-day rally.”

Data from

CoinMarketCap

this morning indicates that this high profile meeting has not, as of yet, proven to be a game changer in the crypto market. Bitcoin (

BTC

), after some ups and downs yesterday, is clocking in at around $37,700 USD, or roughly the same as was reported in yesterday’s Crypto Corner. Ether (

ETH

), however, is up about 6.4 percent since yesterday’s show and is trading for about $2,600 at press time.


Reuters

reports that banking giant HSBC (

NYSE:HSBC

) does not intend to launch a cryptocurrency trading desk or offer crypto to clients for investment, primarily as a consequence of market volatility. CEO Noel Quinn told the publication:

“Given the volatility we are not into Bitcoin as an asset class, if our clients want to be there then of course they are, but we are not promoting it as an asset class within our wealth management business. For similar reasons we’re not rushing into stablecoins.”

However, on CBDCs (central bank digital currencies), Quinn said:

“CBDCs can facilitate international transactions in e-wallets more simply, they take out friction costs and they are likely to operate in a transparent manner and have strong attributes of stored value.”

Hut 8 Mining Corp. (

TSX:HUT

) has

procured

new server hardware through Amulet Hotkey, unlocking “enterprise quality hardware, technical support, and a plethora of monitoring and control tools.” Jaime Leverton, CEO of Hut 8 Mining, commented:

“The multi-functionality of these servers is what attracted Hut 8 to this opportunity and motivated us to procure hardware through Amulet Hotkey. Our executive leadership team will continue seeking out opportunities that foster long-term value for Hut 8 investors as we grow to meet and exceed the accelerated needs of the high-performance computing industry.”

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive

Bitcoin, Blockchain and Digital Currency Stocks Directory

Investors can trade these stocks and other ideas on our site using our

list of top stock trading apps

including Robinhood, Acorn, Stash and others.

About Investorideas.com – News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns:

Crypto Corner

,

Play by Play

sports and stock news,

Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast

,

Cleantech and Climate Change

,

Exploring Mining

,

Betting on Gaming Stocks Podcast

and the

AI Eye Podcast

.


The Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on iTunes (Apple Podcasts), Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Play Music and most audio platforms available.

Visit the Podcast page at Investorideas.com:


https://www.investorideas.com/Audio/

Disclaimer/Disclosure:

Investorideas.com

is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info:

https://www.investorideas.com/About/Disclaimer.asp

Learn more about publishing your news release and our other news services on the Investorideas.com newswire

https://www.investorideas.com/News-Upload/

and

tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy:

https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Follow us on Twitter


Follow us on Facebook

https://www.facebook.com/Investorideas

Follow us on YouTube

https://www.youtube.com/c/Investorideas

Download our

Mobile App

for iPhone and Android

Contact Investorideas.com

800-665-0411