🤨 Is bitcoin really worth three times more?

The first rule of flight club is... | What did you learn at school today, China? | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for July 27th in 3:13 minutes. 💎 So you think you’re a baller, huh? Then you’ll want to rock up in your superyacht to [How To Invest Like The Ultra-Wealthy]( on Wednesday, and discover the sorts of alternative markets all the other ballers are investing in. [Get your ticket here]( Today's big stories - Ryanair reported better-than-expected results, and the low-cost carrier gave an optimistic outlook for the summer - One remarkably accurate predictive model says bitcoin should be worth $83,000, but you might want to tread carefully – [Read Now]( - China cracked down on the private education sector over the weekend Bon Voyage [Bon Voyage] What’s Going On Here? Ryanair reported better-than-expected results on Monday, as Europe’s biggest low-cost airline lives out all its mid-pandemic fantasy of seeing the world again. What Does This Mean? A few factors have been working in Ryanair’s favor lately: a successful vaccination rollout, Europe’s introduction of digital travel [passports](, and, of course, huge pent-up demand to go somewhere, anywhere new. That led to a [surge]( in late summer bookings and a smaller-than-expected quarterly loss, and it’s been stoking hopes for a long-awaited rebound for Europe’s airlines. Ryanair’s expecting to post a profit this quarter too, which should help the company just about break even when its financial year ends in March 2022. It also said it’s now expecting total passenger numbers to exceed 90 million by the same point. That’s up from a previous forecast of 80 million, sure, but it’s still a long-haul flight away from the 150 million people a year it used to ferry before the pandemic broke out… Why Should I Care? For markets: Choose your low-cost fighter. Investors sent Ryanair’s shares 4% higher on Monday, and the firm’s optimistic travel outlook helped boost the stocks of other regional carriers: EasyJet and Wizz Air saw their share prices tick up 4% and 1.5% respectively ([tweet this](). But don’t be fooled: these three budget airlines are in fierce competition with one another to poach as much recovery-driven business as they can, which is why they’ve all [outlined]( plans to grow rapidly as the pandemic starts to fade. The bigger picture: Ryanair thinks long term. Airlines often enter [hedging]( contracts that allow them to buy a certain amount of jet fuel at a predetermined price, to protect them from the rising price of oil. And Ryanair, for its part, has already locked in 60% of its anticipated fuel purchases for the financial year at $565 per metric ton. That was probably a shrewd move: the price of oil [hit]( a six-year high earlier this month, pushing the cost of jet fuel to $628 per metric ton. You might also like: [How to analyze and invest in airline stocks.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Bon Voyage&utm_campaign=daily-global-27-07-2021&utm_source=email) 2. Analyst Take Is This Bitcoin Model Too Good To Be True? What’s Going On Here? It’s true, there are [plenty of models]( out there claiming to be tried-and-tested predictors of bitcoin’s price. But there’s no doubt that one stands head and shoulders above the rest: it’s based on the [“stock-to-flow” ratio](, and it’s called bitcoin’s price right time and time again. And right now, it’s saying that the OG crypto should be worth [around $83,000]( – almost three times more than it’s worth today. Trouble is, a good story with great results has arguably made the model a little too sacred in the bitcoin community, and you’d be right to treat it with a healthy dose of skepticism. So that’s today’s Insight: how the stock-to-flow model works, and [whether you should be paying attention to what it has to say](. [Read or listen to the Insight here]( SPONSORED INVESTENGINE Investing without compromise You shouldn’t have to make difficult choices when it comes to your [investing platform](. You should get everything you want: great value, broad diversification, and complete ease of use. And with [InvestEngine DIY](, that’s exactly what you’ll get. You’ll be able to choose which of InvestEngine’s [handpicked range of ETFs]( you want to invest in, and set the weight you want invested in each. You can tweak according to your risk appetite, or to put more emphasis on stocks, bonds, or commodities. It’s all pretty effortless with [InvestEngine’s app](. And as markets move, you can top up or rebalance in just one click: InvestEngine’s technology will [buy and sell ETFs for you]( to help you stick to your investment plan. [Find out more about InvestEngine DIY here.]( [Get Started]( Disclaimer: With investing, your capital is at risk. Investengine (UK) Limited is Authorized and Regulated by the Financial Conduct Authority FRN [801128] School’s Out [School’s Out] What’s Going On Here? China cracked down on the country’s for-profit education industry over the weekend, and this is one lesson investors won’t soon forget. What Does This Mean? The $100 billion for-profit education industry peddles the kind of extracurricular tuition that’s seen as a surefire way for China’s kids to get ahead of their classmates. It’s also one of the fastest-growing markets in the country, which is why it’s been attracting billions from tech heavyweights like Alibaba, Tencent, and ByteDance, as well as from investment firms like Tiger Global Management and SoftBank. Or rather, it was one of the fastest-growing markets in China: that might not be the case now the government’s issued new rules [banning]( education companies from making profits, raising capital, going public, and much more. It’s all part of a deeper backlash against an industry that the government accuses of overloading kids with work, burdening parents with expensive fees, and widening inequalities across Chinese society. Why Should I Care? For markets: Education stocks learn the hard way. Former stock market darlings TAL Education Group, Gaotu Techedu, and New Oriental Education & Technology Group all saw their share prices fall on Monday, with the latter’s collapsing almost 50%. That helped drag down a wider index of Chinese education stocks by 10%. But spare a thought for the backers of unlisted companies too: the huge stakes they own aren’t exactly worth much now that these companies aren't able to debut on the stock market. The bigger picture: A pattern is emerging. The stock market carnage went beyond just education companies, mind you: this controversy has got investors worried that more clampdowns on the country’s fastest-growing sectors are inevitable – especially since it’s come hot on the heels of a broader [assault]( on Chinese tech firms. That’s not an encouraging sign, and growth-hungry investors duly sent the Chinese stock market more than 3% lower on Monday. You might also like: [Chinese stocks just got cheaper – here’s how to take advantage.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=School’s Out&utm_campaign=daily-global-27-07-2021&utm_source=email) 💬 Quote of the day “Do what you love, love what you do, leave the world a better place, and don’t pick your nose.” – Jeff Mallett (a Canadian entrepreneur and investor) [Tweet this]( 🎯 On Our Radar - There’s no need to compromise on your portfolio. You can have [zero commission, complete ease-of-use, and smart technology](.* - Ahead of the game, as per usual. Finnish babies [start life safe and sound](. - Nyan Cat needs security too. The art of [keeping your NFTs safe and sound](.* - Method-light, flavor-heavy.  The return of the [no-recipe recipe](. - Cut yourself some slack. Even [elite athletes don’t sleep enough](. When you support our sponsors, you support us. Thanks for that. 🌎 Finimize Live 🤖 The rise of GigaCities If we’re going to have any hope of making this planet liveable for future generations, we’re going to have to rethink urbanisation. 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