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How to trade the SPAC slowdown, plus the case for $1 million Bitcoin by year-end

Hello and welcome to Insider Investing. I’m Joe Ciolli, and I’m here to guide you through what’s been happening in markets. Here’s what’s on the docket:

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SPAC popularity in real esate tech world 2x1



Samantha Lee/Insider



SPAC
issuance is down 90% from March as once-hot retail-investor demand wanes — and short-sellers have certain blank-check companies firmly in their sights. We spoke to one SPAC skeptic about how he decides which ones to bet against, and another investor shared arbitrage opportunities in the space.

Read the full stories here:

Short sellers have ramped up their bets against SPACs. A hedge-fund manager breaks down his approach — and explains why he’s betting against a SPAC merger that has plunged 25% this year.

SPAC issuance is down 90% from March as retail interest disappears. A SPAC arbitrage investor breaks down why that means opportunity for enterprising investors — and shares 3 top picks on his radar.


bitcoin



REUTERS/Stephen Lam


Dan Held is the growth lead at Kraken, the fourth largest crypto exchange by trading volume. He first bought Bitcoin at $10 and began to double down in 2014 after acquiring a “HODL” mindset. He explains how Bitcoin might hit $1 million by year-end — and as a bonus lays out what meme token Dogecoin is all about.

Read the full story here:

The growth lead at crypto exchange Kraken breaks down how Bitcoin’s price might hit $1 million by the end of the year — and how Gen Z and millennials are driving Dogecoin’s explosive rally


Chelsea Nassib, CEO and co-founder of Tappan



Tappan


Online art platform Tappan Collective, which launched in 2012, saw sales double in 2020 as online art sales surged. Co-founder Chelsea Nassib explained why Tappan is now allowing crypto payments and NFT certificates of authenticity. She also shared four art-investing tips to capitalize on the art boom and seven emerging artists to watch.

Read the full story here:

A millennial founder who’s melding the physical art world with crypto shares 4 things investors need to know as online art sales hit record highs — and names 7 emerging artists to watch


joe biden us economic boom pandemic 2x1

The US economy is poised to grow at its fastest pace since 1984. With a recovery that brisk, expect plenty of strange developments over the next few months.

Doug Mills-Pool/Getty Images; Samantha Lee/Insider


Economists expect the US economy to grow at its fastest pace since 1984 this year. Insider senior correspondent Aki Ito digs into what led to the boom, and what it means going forward for an American populace still feeling the unique effects of a historic downturn.

Read the full story here:

The US economy is barreling toward a boom — and it’s going to be bigger, faster, and weirder than you expect


Stock pick central

Seeking experts who are willing to name names? Look no further:


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