How to trade the SPAC slowdown, plus the case for $1 million Bitcoin by year-end

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Hello and welcome to Insider Investing. I’m Joe Ciolli, and I’m here to guide you through what’s been happening in markets. Here’s what’s on the docket:

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SPAC issuance is down 90% from March as once-hot retail-investor demand wanes – and short-sellers have certain blank-check companies firmly in their sights. We spoke to one SPAC skeptic about how he decides which ones to bet against, and another investor shared arbitrage opportunities in the space.

Read the full stories here:

Short sellers have ramped up their bets against SPACs. A hedge-fund manager breaks down his approach – and explains why he’s betting against a SPAC merger that has plunged 25% this year.SPAC issuance is down 90% from March as retail interest disappears. A SPAC arbitrage investor breaks down why that means opportunity for enterprising investors – and shares 3 top picks on his radar.

Dan Held is the growth lead at Kraken, the fourth largest crypto exchange by trading volume. He first bought Bitcoin at $10 and began to double down in 2014 after acquiring a “HODL” mindset. He explains how Bitcoin might hit $1 million by year-end – and as a bonus lays out what meme token Dogecoin is all about.

Read the full story here:

The growth lead at crypto exchange Kraken breaks down how Bitcoin’s price might hit $1 million by the end of the year – and how Gen Z and millennials are driving Dogecoin’s explosive rally

Online art platform Tappan Collective, which launched in 2012, saw sales double in 2020 as online art sales surged. Co-founder Chelsea Nassib explained why Tappan is now allowing crypto payments and NFT certificates of authenticity.