Crypto FOMO Drives Capital Flows Out Of Big Tech (For Now)
Retail investors have taken money out of the equity market and rotated into crypto to catch the wave. With all crypto's now worth more than $2 Trillion in market cap and Bitcoin standing out at $1 trillion, this poses a risk to the US dollar dominance as the reserve currency.
The Q4 2020 big tech earnings season started with Netflix and their great numbers. Apple and Microsoft report on Tuesday their Q4 2020 and all indications seem to show good growth. Tesla's numbers are officially announced on Wednesday.