Trading the SPAC Slowdown, $1 Million Bitcoin, Art: Insider Investing – Business Insider

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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 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.

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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.

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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.

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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.

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Trading the SPAC Slowdown, $1 Million Bitcoin, Art: Insider Investing - Business Insider