🟡Bitcoin Halving: Miners Face Stormy Seas Ahead⛈️

TGIF, Bullseye Traders! 

Houston, we're approaching the Bitcoin halving with all engines roaring, but the moon seems to be playing hard to get. As the countdown ticks away, anticipation builds for this event that promises to make Bitcoin even rarer than a unicorn at a rodeo. But will it send us blasting off to new financial galaxies, or will we stay grounded on Earth?

Halving, Hold, and Hallelujah: Bitcoin's been through this rodeo four times since its debut in 2008. Each time, it's like a magic trick – the number of new coins mined per block gets sliced in half, turning miners into mathematical magicians. And every time, it's followed by a fireworks display of price rallies – like watching a rocket launch with a 93x, 30x, and 8x increase in 2012, 2016, and 2020. But now, with Bitcoin having skyrocketed since the 2021 lows, analysts are wondering if this show will go on, especially with interest rates in the land of uncertainty.

We're talking scarcity on steroids: After this halving, the amount of fresh Bitcoin popping into existence will drop faster than a lead balloon – just 656K new coins over the next four years, which is less than the snacks consumed during a crypto conference. Some seers predict this scarcity, combined with the debut of new Bitcoin ETFs, will push prices higher. But Jamie Dimon from JPMorgan is like the party pooper, reminding us that "manufactured scarcity doesn't make magic beans."

With scarcity comes a dog-eat-dog world: Since the last halving, mining Bitcoin has become tougher than trying to fold a fitted sheet. The mining difficulty has shot up like a SpaceX rocket, while electricity bills have skyrocketed faster than Elon Musk's Twitter followers. Miners are now hoarding Bitcoin like dragons guarding their treasure, trying to squeeze every last drop of revenue before the halving slams their goldmine shut.

Post-halving, the daily Bitcoin haul will take a nosedive, potentially costing the industry enough to make Scrooge McDuck shed a tear. Mining stocks like Marathon Digital and Riot Blockchain have already taken a tumble, like skydivers without parachutes.

Breaking the Bitcoin Cycle: While history says "to the moon," Goldman Sachs is like the skeptical neighbor shouting, "Not so fast!" They warn that inflation and interest rates could throw a wrench into Bitcoin's rocket engine. But despite the naysayers, mining CEOs are throwing on their rose-colored glasses, with Riot's Jason Les predicting a Bitcoin bull run that's shinier than a newly minted coin.

So, Houston, as we brace for this Bitcoin halving, one thing's for sure: whether we're on the moon or stuck in the mud, the crypto rollercoaster never fails to keep us on the edge of our seats. 🚀🌕

SHAKERS AND MOVERS

TSM, Jet Blue, & Meta

TSM (-5%): Taiwan Semiconductor shrugged off an earthquake scare, reporting no major damage, but admitted to a few casualties among its precious wafers (CNBC).

JBLU (+4%): JetBlue soared after JPMorgan upgraded its status from "meh" to "not bad," citing a sunnier outlook and brighter skies ahead (YF).

EL (+5%): Estée Lauder painted a prettier picture on Wall Street as Deutsche Bank slapped a short-term buy sticker on the cosmetics giant, just in time for its May 1 earnings reveal (SA).

META (+2%): Meta had investors clicking 'like' as it announced a hook-up with Google to feature its search results on the hot new AI assistant, Meta Llama 3 (BI).

ALK (+4%): Alaska Air Group kept its altitude high, cruising past analyst forecasts in the first quarter, despite a turbulence-inducing Boeing incident (YF).

STREET SCOOPS: The Buzz Around Town

AP: Biden's trade moves are like fencing with steel determination, but will they forge a solution or just leave us all feeling a bit rusty?

CNBC: Elon Musk's emails are like cryptic puzzles, but this time, it seems the pieces didn't quite fit together for Tesla's departing employees.

Axios: Amazon's Just Walk Out tech is taking a stroll into third-party territory, proving that even giants like to share the spotlight on the checkout stage.

WSJ: BP's organizational makeover is like streamlining a cluttered closet - let's hope they find the key items amidst the executive downsizing.

NBC: Eli Lilly's weight loss drug shortage has folks shedding more than just pounds - it's a case of too much demand, too little supply, leaving customers feeling lighter in the wallet but not on the scale.

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