Bitcoin Goes Ballistic! Is This the Real Deal or Just Another Slippin' Jimmy Scheme?

Show Me the Money (or Bitcoins)!

Alright folks Saul Goodman here your favorite lawyer slash financial guru (don't fact check that trust me). Newsflash: Bitcoin's gone bonkers! We're talking new all time highs higher than my billable hours on a good day. Word on the street is it's soaring past $111,000! Now usually I'd say 'Better Call Saul before you lose it all,' but this time maybe just maybe there's something to it. Rosenblatt Securities those fancy pants analysts are saying there's even MORE upside! That's like finding out your 'free' ice has extra sprinkles. Score!

Blame It on the Trade Wars (and Moody's)

So what's fueling this digital gold rush? Apparently those good ol' U.S. and China are playing their usual game of economic tug of war and Moody's downgraded U.S. debt (Ouch!). Now everyone's scrambling for a safe haven and Bitcoin's looking less like a flash in the pan and more like a retirement plan. Who knew that something you can't even hold could be safer than Uncle Sam's IOUs? It's like when my clients trusted my promises more than the DEA... well you get the picture.

Institutions: They're Not Just for Crazy Asylums Anymore

Unlike those wild Bitcoin rallies of yesteryear this one's a slow and steady climb. Apparently those big shot institutional investors are finally getting in on the action. That’s right folks. The guys in suits are betting big on digital Monopoly money. And corporations? They're adopting it faster than I can cook up a fake ID. That's what she said! Seriously though it's legit not just your regular Jimmy McGill special.

Trump's Embrace: The Kiss of Death or Digital Midas Touch?

Rosenblatt analyst Chris Brendler claims that the “Trump embrace” of crypto has changed the game. Personally I’d be wary of any embrace by the Donald. But what do I know? According to Chris it has sparked a sea change in attitudes toward cryptocurrencies. Could be the best thing he's ever done that embrace! Then again if this thing crashes don't come crying to me.

Mining Stocks: Digging for Digital Gold?

Now if you're feeling extra lucky Brendler says mining stocks might be the real jackpot if Bitcoin keeps climbing. More Bitcoin equals more dough for miners. Rosenblatt's got a 'buy' rating on Mara Holdings and Terawulf. I don't know about you but I think these names sound like they're straight out of Lord of the Rings and not the good part! Oh and Coinbase is in on it too. It's a solid pick but to a lesser extent he says. But remember folks past performance is no guarantee of future results. Except for my ability to get you out of a tight spot that's a guarantee as long as the price is right of course and the situation isn't too hot to handle. You know what I mean..

So Should You Jump On the Bitcoin Bandwagon?

Bitcoin's up over 18% this year! Bitcoin ETFs are swimming in new investment dollars. Public companies are hoarding Bitcoin like it's the last batch of Los Pollos Hermanos. So is it time to mortgage the house and go all in? Well that's a risk assessment only you can make my friend. But if you decide to roll the dice remember: 'Slippin' Jimmy with a law degree is like a chimp with a machine gun!' Don't be a chimp with a machine gun do your research! And if you need some… unconventional financial advice you know who to call. Just be sure to bring cash... and maybe a burner phone.