Given these circumstances, I think there could be a strong market for Goldman Sachs stablecoins. Additionally, a launch of several stablecoins, each pegged to a popular currency, could be a smart move for Goldman Sachs. I think there could be a big market for a Euro stablecoin, for instance. To explain, I believe people will buy a Euro stablecoin as a dollar alternative. Many Americans and Latin Americans do not trust the US dollar.
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Musk is betting that he can drive sales and profitability with a new chip that will give Tesla vehicles a full-self-driving (FSD) capability, TechCrunch reports. Notably, Tesla plans to charge car buyers an additional $6,000 for FSD vehicles. Tesla needs the additional income because it reported a -$521.83 operating loss and a -$702.13 net loss for the quarter ending on 3 March 2019. In addition, an FSD capacity could increase demand for Tesla vehicles from high profit fleet buyers. Fleet buyers include car-rental companies, tax companies, ride-hailing services like Uber (NASDAQ: UBER), and government motor pool. Such large volume buyers could make the Tesla Model 3 and Model Y profitable. A rental car company might want an FSD vehicle that drives back to its garage after dropping off a customer, for instance.
Meanwhile, Trump’s attacks on Kaepernick could raise Nike’s stature with the 54% of Americans who disapprove of the President. To elaborate, Gallup estimates 54% of Americans disapprove of Trump’s performance and 44% of Americans disapprove of Trump strongly. Plus, only 41% of Americans approve the President. Thus, 69% of Americans could sympathize with Kaepernick. Under those circumstances, hiring Kaepernick is a brilliant marketing ploy for Nike. Oddly, I think Trump knows of this but does not care because of all the free publicity he receives. In particular, the President can appeal to anti-black voters without appearing visibly racist. Therefore, hiring Kaepernick is a brilliant marketing strategy for Nike. In particular, Nike can take advantage of all the publicity and controversy Trump generates without having to associate with the President. Instead, Nike can portray itself as a hero standing up for freedom and opposing the racist bully Trump. On the other hand, the risks Nike takes are slight because most people do not want help Trump. Moreover, even Kaepernick critics are loath to attack Nike because they do not want to be branded racists, enemies of free speech, and un-American.
My guess is that JPMorgan Chase is experimenting with cryptocurrency out of fear of tech companies. I think tech companies like PayPal (NASDAQ: PYPL), Apple (NASDAQ: AAPL), Alphabet (NASDAQ: GOOG), and Facebook (NASDAQ: FB) are among Chase’s most dangerous competitors. To explain, each of those companies offers financial services in direct competition with JPMorgan Chase. You can you can use PayPal, Apple Pay, or Google Pay instead of your Chase Visa card at the cash register, for instance. In addition, you can access your Chase bank or Visa account through PayPal, Google Pay, or Apple Pay. Thus, we are living a world where a financial institution is just another app on your phone. We now have entire generations who think of a bank as an app rather than a physical building. In countries like China most people have never used a physical bank. Meanwhile, the only banking institution most Americans regularly visit it the ATM. That situation helps Chase and other monster banks because it involves no personal relationships.
Nor is light sleep anything new for leaders. America’s third president Thomas Jefferson (R-Virginia) only got two hours of sleep a day. American presidents are not alone in getting little sleep, Indian Prime Minister Narendra Modi only gets 3.5 hours of sleep a night.
The proposed algorithm has many advantages. It creates a virtual decentralized “bank” for stablecoins, and participants will be able to buy shares of its income (as a stake) and make a profit from commissions. The institution will also be able to buy back the depreciated stablecoins from third-party exchanges. This approach is excellent for combating the hyperinflation and high interest rates we so often see in the crypto market.
Wayfair’s growth over the past few years has been explosive. For example, Statista estimates the number of active Wayfair customers grew from 10.99 million in 2017 to 15.16 million in 2018. Moreover, Statista calculates Wayfair had only 2.09 million customers in 2013, 3.22 million customers in 2014, 5.36 million customers in 2015, and 8.25 million customers in 2017. Thus, Wayfair’s customer base grew by 13.07 million shoppers in just five years. Sales volume is also exploding at Wayfair. Notably, Statista estimates the number of orders Wayfair ships grew from 3.31 million in 2013 to 28.08 million in 2018. Specially, Wayfair shipped 5.24 million orders in 2014, 9.17 million orders in 2015, 14.06 million orders in 2016, and 19.41 million orders in 2017.