Stansberry Research, Released on 5/5/21

On Wednesday, longtime crypto bull Mike Novogratz said in a CNBC interview that dogecoin’s massive rally this year can be seen as a kind of “middle finger” to the traditional financial system. The price of dogecoin surged again early Wednesday. The cryptocurrency, which initially launched as a joke in 2013, was now approaching 70 cents per token, putting its year-to-date gains at nearly 14,000% and its market value at close to $90 billion. Our Daniela Cambone catches up with Todd Bubba Horwitz of bubbatrading.com for his take on Dogecoin’s rapid rise and whether it’s a revolt against the Federal Reserve.

Todd Horwitz — known as Bubba — is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast ‘The Bubba Show.’ He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.

  Bubba Horwitz, Crypto, cryptocurrency, dogecoin