Ok, ok, let's talk about it

[Silver Ridge Market Report Logo] Senior Analyst [Morning Brew] Morning Brew Stocks rallied last week, with the S&P 500 surging 5.9%. The index is now up 11.6% from its October 12 closing low of 3,577.03 and down 16.8% from its January 3 closing high of 4,796.56. A big driver of the recent market move was Thursday’s cooler than expected consumer price index (CPI) report, which was followed by one of the biggest single-day stock market rallies in history. But with last week’s sudden and spectacular implosion of crypto exchange FTX, I thought I’d share some thoughts on cryptocurrencies and blockchain. Blockchain represents a technological breakthrough, and I’m convinced there’s some value in being able to own and exchange digital objects that can’t be copied. As far as the recent price swings in cryptocurrencies are concerned, here’s an analogy that I think I’m happy with: Blockchain is like the internet and cryptocurrencies are like websites. During the advent of the internet, there were lots of internet companies you could invest in and there were lots of websites you could visit. Today, everybody uses the internet and everybody visits a lot of websites. But a lot of the early internet companies have gone bust and a lot of yesterday’s popular websites aren’t popular today. Maybe some of today’s cryptocurrencies will become tomorrow’s Amazon or Google, but many will also go down like Pets.com or Webvan. I think blockchain technology is interesting, and has future utility. I also think that just because you don’t own a bunch of cryptocurrencies and you don’t invest in a bunch of blockchain companies doesn’t mean you won’t benefit should the technology become widely adopted. Sponsored [The One Ticker Retirement Plan]( Market Wizard Larry Benedict crushed the market in 2022. But he hasn’t done it with a “traditional” method… For a limited time, he’s sharing a free over-the-shoulder “demo” of his strategy in action. It takes less than 10 seconds… (Over the Shoulder Demo Now Available) [Watch it here](. [Privacy Policy/Disclosures]( [Click Here Now]( 406 Media and Silver Ridge Market Report, is not giving individualized financial advice. Never invest more than you are willing to lose. 406 Media or Silver Ridge Market Report is not giving financial, investment, or stock advice. Our content is designed for generalized informational purposes only. If you have specific questions about investments or stocks you should consult a financial advisor. Articles, News, Or Other published materials are not always the views of 406 Media and/or Silver Ridge Market Report. If you feel you are receiving these emails in error please email Support@e1.profitraven.com or click the unsubscribe button below. Silver Ridge Market Report is now brought to you by ProfitRaven.com a thought leader in the financial publishing and alternative investment idea space. All rights reserved. Republishing Prohibited without expressed written consent of 406 Media, or their designated agent. 30 N Gould St, STE R, Sheridan WY 82801 This e-mail has been sent to {EMAIL}, [click here to unsubscribe](.