Some great research was published days ago that identified $2.2 trillion of losses, primarily driven by losses in mortgage-backed securities and U.S. Treasuries. That’s not a typo, $2.2 trillion. And not surprisingly, the insured deposit coverage ratio is the lowest for smaller banks.

First, we had a 218-qubit quantum computer. That was a photonic quantum computer from a company called Xanadu. And just a few weeks back, IBM announced a 433-qubit quantum computer.

This was absolutely a remarkable achievement. There’s no question about that. But as I told readers at the time, there’s still more work to be done.

The financial media and the naysayers are sensationalizing what happened and extrapolating the events to the broad digital asset industry. I get it, it’s one heck of an insane story. But they’re missing one key point. 

The larger crowdfunding deals happen under Reg A and Reg A+ deals. As much as $75 million can be raised now. So, if the Reg A/A+ deals top $100 million, then 2022 will be another record year. If not, I’m certain it will be very close.

This is arguably the biggest breakthrough for biotechnology and life sciences in recent memory. I’d put it right up there with the creation of antibiotics. It’s that significant.

The cars themselves are not really the problem (i.e. the steel, materials, and electronic components). The constraints are going to come with the batteries, specifically with the commodities needed to make these batteries. They’re really the long pole for the industry.