Coinbase + Yield = Bank Disrupter
27.0 - Coinbase, Spotlight on SentinelOne, A Space Race!
Coinbase Yield…Watch Out Banks 🏦
Investing News Worth Reading 📰
Spotlight on SentinelOne (S)
The Week Ahead
Empowering you to invest early in your financial future with weekly investing ideas, news, and opportunities on the path to freedom.
Coinbase Takes Aim at Your Bank 🎯
Coinbase, the first publicly-owned cryptocurrency exchange, dropped the not-so-subtle tweet this past week aimed directly at every bank. Coinbase is now presenting you with the opportunity to pre-enroll and earn 4% yield on your US dollar. Bank disrupter? Absolutely.
Check your mailbox any given day and you’ll see your bank offering you a .049% rate on a new “high interest savings” account. Heck, take a look at this screen grab from Discover called “Modern Money” promoting terrible rates as though they are strong in comparison. Looks more like “Antiquated Money.” The current inflation rate in the U.S. is rising. Banks continue falling further and further behind, but don’t want you to know or recognize opportunity.
We’ve been promoting the concept of "High Interest Savings 2.0” as a starting point to investing early in yourself as far back as Volume 1 of this newsletter. While we like centralized finance platforms such as Celsius and BlockFi that offer higher rates on your USD, we recognize they are not public companies yet. Having a “public company” such as Coinbase share a clear disruptive product speaks volumes to the continued evolution of cryptocurrency and blockchain technology. We see this as an optimal option for those who may not be interested in cryptocurrencies, but want to earn a significant yield on their hard-earned money and ready to dip their toes into a new opportunity.
What is Yield?
Yield refers to the earnings generated and realized on an investment over a particular period of time. It's expressed as a percentage based on the invested amount, current market value, or face value of the security. The most common yield is annual, also known as Annual Percentage Yield, or APY.
🟠 ARK Invest files for Bitcoin ETF - investrly
🟣 Inside Robinhood's IPO filing - Markets Insider
🟠 Tom Brady: “I Want to be a Pioneer in Crypto” - Decrypt
🟣 Crypto.com Inks $100 Million Partnership with Formula 1 - Decrypt
🟠 Richard Branson aims to fly to edge of space as early as July 11, narrowly beating Jeff Bezos - Markets Insider
Highlighting a stock, cryptocurrency, and/or leader we find interesting that potentially offers extreme value over the long-term.
Stock - SentinelOne (S)
Cyber security isn’t just here. It’s an industry in extreme expansion as cyber protection becomes more and more important to individuals, companies, and governments.
CEO Tomer Weingarten joined CNBC this past week to discuss the company’s debut as the highest-valued cybersecurity IPO in history. SentinelOne has a lofty valuation, but one we believe may look cheap in the future.
Crowdstrike has long been our top stock investment option and remains as such. While SentinelOne is a direct competitor, it is one to watch going forward as this is a hot sector where we see multiple winners. Adding SentinelOne now may look prescient in the future. It is a name we will be watching closely over the next few months.
Cybersecurity firm SentinelOne valued at nearly $11 bln in public debut - Reuters
The Week Ahead
Robinhood inching closer to it’s IPO under the ticker HOOD.
Summer kicks into high gear
The space race. Will Richard Branson beat Jeff Bezos to orbit?
Olympics countdown
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Not financial or tax advice. Investrly the newsletter is 100% educational and is not investment advice or a solicitation to make any financial decisions. This newsletter is not tax advice. Talk to your accountant and do your own research.