🎭 Unmasking Satoshi Nakamoto

The UK checked out a legendary crypto claim | Big Tech accountants worked their magic | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for February 6th in 3:14 minutes.   🛠An investor is only as smart as their best tools. So join us for [Future-Proof Your Portfolio With Artificial Intelligence]( on February 27th, and find out how to keep your investments from falling behind the pack. [Grab your free ticket]( Today's big stories - A UK court case started digging into the true identity of bitcoin creator Satoshi Nakamoto - Here’s what a future of only digital currencies would mean for investors – [Read Now]( - Big Tech accountants found a few spare billions between the lines of their record books The Wizard Of Oz [The Wizard Of Oz] What’s going on here? The British [legal]( system started investigating whether bitcoin’s self-proclaimed inventor is a true marvel or a whizz of a trickster. What does this mean? Bitcoin’s original blueprint hit the interwebs back in 2008, with only the pen name Satoshi Nakamoto on its digital cover. That created a mystery for the ages – or at least, the Reddit boards. No thanks to Craig Wright: the Australian computer scientist has long claimed to be the true author of the document, at least partly responsible for creating the OG crypto. He’s even called companies into legal proceedings, taking issue with their use of the technology. So now, concerned that a fraudster could one day make lucrative claims on bitcoin’s future developments, tech experts including Twitter founder Jack Dorsey are calling for the British government to investigate the now British resident Wright’s claim. You’d think that should be simple: the owner of the original access codes is worth some $46 billion. Problem is, you can bet the inventor of an untraceable currency could keep their own accounts well-hidden, too. Why should I care? For markets: A moment of weakness. Bitcoin has fallen 6% since the Securities and Exchange Commission approved spot exchange-traded funds (ETFs) for the crypto. That doesn’t mean hardcore digital investors are dropping out now that the coin is becoming more mainstream, though. More likely, it’s an endorsement of the saying, “buy the rumor, sell the news”. After all, gold also slipped when its first ETF launched in 2006, and it wasn’t long until the metal turned precious again. The bigger picture: Investors have online options. Bitcoin’s still down 35% since its peak two years ago. Now, you could blame the banking crises and back-breaking inflation that have shaken industries and markets since then. Thing is, bitcoin was designed to withstand anomalies like that. Investors, then, might just have wandering eyes, putting their cash into artificial intelligence punts instead of crypto ones. You might also like: [Gold levels in ETFs hit record highs](. 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=The Wizard Of Oz&utm_campaign=daily-global-06-02-2024&utm_source=email) Analyst Take The Digital Dollar Idea Isn’t Going Away: Here’s What’s Really At Stake [The Digital Dollar Idea Isn’t Going Away: Here’s What’s Really At Stake]( [Photo of Reda Farran, CFA] Reda Farran, CFA, Analyst Crypto is only becoming more mainstream. It’s no surprise, then, that governments are exploring [digital versions of their own currencies](. [Central bank digital currencies]( could, though, spark concerns about privacy and freedom. Plus, they might pose [challenges]( for fintech companies, big banks, the crypto industry, and – if you’re investing in any of them – your portfolio. That’s today’s Insight: [the upsides and downsides to a cold, hard, digital cash future](. [Read or listen to the Insight here]( SPONSORED BY STREETBEAT The portfolio that copies Congress investments* “[Follow the leader](” is a tried-and-tested strategy. After all, if you’re going to take inspiration from anyone, you might as well look toward the experts in a field or discipline. Well, the STOCK – that’s Stop Trading on Congressional Knowledge – Act of 2012 makes lawmakers [report their trades](, an initiative to stop the powerful use private intel for private profit. Streetbeat makes acting on that information simple: its AI technology scans the filings, analyzes the trades, and replicates the activity in real time. The result: the [“US Congress Buys” portfolio](. That’s just one of Streetbeat’s curated, AI-powered portfolios – but it’s a juicy place to start perusing. [Find out how Congress is investing with Streetbeat](. [Find Out More]( *The 'U.S. Congress Buys' portfolio is inspired by the trading activity of U.S. Congress members. It selectively mirrors and weighs the most recent transactions. Streetbeat, LLC ("Streetbeat") is an SEC-registered investment adviser. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Any historical returns, expected returns or probability projections are hypothetical and may not reflect actual future performance. See Terms and Conditions at [Streetbeat.com](. When you support our sponsors, you support us. Thanks for that. Every Trick In The Books [Every Trick In The Books] What’s going on here? Big Tech accountants looked after the millions, and the billions on the balance sheets looked after themselves. What does this mean? Big Tech firms are big spenders, with a penchant for flashy, pricey equipment. Mind you, it’s easier to swipe the corporate card when you have a crack team of accountants ready to soften the cost. See, when a business buys a big-ticket item, the depreciation – that’s the value an item loses each year – counts as annual expense. (Just think of a new car: it becomes less valuable as time goes on, meaning you’d recoup less of your investment if you decided to sell it on.) Savvy accountants, though, simply stretch out the lifespan of each machine, making that annual cost easier to swallow. That might sound like a case of collecting spare coins, but everything’s bigger stateside: Microsoft, Meta, Alphabet, and Amazon managed to find a spare $10 billion between them over the last two years through that technique alone. Why should I care? For markets: The dossier of truth. Accountants have a reputation for being reliable, by-the-book, and frankly, a little dull. They break that mold a little when they pull off tricks like thinning out depreciation costs, but that all happens in the profit and loss statement. The cash flow account, a completely separate document, purely records the money that moves in and out of a business. Not even the smartest accountant can change those numbers – and if they do, they’ll swap their desk seat for a jail cell. The bigger picture: Geek in the sheets. Plenty of companies would rather show investors their finely tuned profit and loss statements, but Big Tech firms may soon want to hang cash flow accounts on their office walls. There are only so many data centers worth building, see, so when the hefty spending slows down, cash flow will take center stage on their sheets. You might also like: [Nvidia blew the doors off 2023. Here’s what this year might be like](. 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=Every Trick In The Books&utm_campaign=daily-global-06-02-2024&utm_source=email) 💬 Quote of the day "What we really are matters more than what other people think of us." – Jawaharlal Nehru (an Indian nationalist and statesman) [Tweet this]( SPONSORED BY PROSPER Diversify your portfolio – and feel good for it Since 2005, [Prosper]( has been introducing US investors to peer-to-peer lending. Through Prosper, individuals can invest in personal loans to help everyday Americans pay off debt, healthcare, home expenses, and so on. In return, they receive monthly passive income as borrowers repay their loans. You don’t need to be a millionaire, either: you just need a low minimum investment and an account to get started. Once you’re set up, you can [pick from a wide range of loans](. 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Investors in certain states may also be subject to financial suitability requirements. Prosper’s investment platform is only available in certain states in the United States. Investors in certain states may also be subject to financial suitability requirements. When you support our sponsors, you support us. Thanks for that. 📍 Be in the right place at the right time. And by right place, we mean right here. [Promote Your Brand]( 🎯 On Our Radar 1. AI embraced its romantic side. Fake [Bumble profiles](, beware. 2. You want to keep your crypto secure. Check out the [pros and cons of different crypto wallets](.* 3. Drink your way back to the ancient times. This [cocktail is as historic]( as it is hangover-inducing. 4. Staking crypto could help your returns. Here's [how it works and the potential risks]( to watch out for.** 5. Be at one with the planet. 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