GM Lark Traders. This is Lark Digest, your passport to the world of trading, where there’s less layover and more first-class vibes.

Today we’ve got:

• Blueberry Markets shuts off props 😬 

• FTMO hits $200 million in payouts 🤑 

• Crypto goes crazy 📈 

• Gold hits an all-time high 🥇 

ANOTHER DAY, ANOTHER BROKER GOES DOWN ❌ 

If there hasn’t been enough drama lately, we’ve got something to add to the pot of craziness.

Yesterday, several firms offering accounts with Blueberry Markets said effective immediately, they would no longer be offering accounts with them.

Thankfully, all active accounts are to remain in good standing and active.

But this is bad news. This is even more upsetting than Bitcoin dropping over 10% just when the party was getting started (more on that later).

Blueberry Markets was one of the few brokers still offering accounts with MT4 and MT5. Now that they're gone, things don’t look good for traders who want to trade on the most popular platform.

Why is all of this happening?

The honest answer is, we have no idea.

But it looks like MetaQuotes doesn’t want to deal with US clients, and brokers are either being proactive or being told that they can no longer offer their “grey license” to firms.

Ultimately, all of this has just left traders between a pip and a hard place.

MetaTrader is by far the most common, popular and familiar trading platform out there. It no longer being available means thousands of traders are forced to migrate to new, unfamiliar platforms like DXTrade.

But here’s the thing: Most traders are adaptable. We get into trading because we’re not happy with the status quo. With following the typical path. So the Lark Prediction is that within six months, people won’t even remember the days of MT4 and MT5.

FTMO’S PAYOUTS GO PARABOLIC 🚀 

FTMO just surpassed $200 million in payouts.

No, this is not a drill.

$200 million.

Just think about that for a second.

With 38 million people in Canada, that’s enough to give $5 to literally everybody in the country.

Insane.

FTMO launched back in 2015 so this was no means an overnight thing. But throughout their nine years of operating, they’ve always maintained a professional approach that the entire industry can learn from.

Actually, must learn from.

While they are indeed direct competitors with us, respect must be paid. We can only imagine just how many lives these payouts have changed, and this is further proof that there’s never been a better time to be a trader.

At Lark, this gives us something to chase.

And for traders, the future looks bright.

BITCOIN MAKES HISTORY 📈

For the first time in history, Bitcoin surpassed $69,000 yesterday.

*No, this is not a drill.*

But just when we were about to pop the bottles to celebrate, it crashed.

Within a couple of hours, it went from $69,000 to $61,500, a drop of over 10%.

What happened?

It looks like simple profit-taking. Considering that it only briefly touched $69,000 before crashing, we can only imagine how many pending orders were set at that price level.

But for the fellow perma-bulls out there, we’re not sweating. We’ve got an insane stat for you.

• Three out of the last four times that Bitocin made a new all-time high, the price doubled within 18 days.

If that holds true, by March 24th, we’ll be at $138,000, and even your grandma will be asking how she can buy some.

This clip with Pomp is worth watching for more insight.

Remember, there’s 12x more demand for Bitcoin than what’s being mined every single day. Institutions and ETFs are only just starting to flow in.

We’ll check in with you in 18 days.

GOLD HITS AN ALL-TIME HIGH 🥇 

Let’s please all take a moment of silence for traders that have been holding short positiions on Gold over the last couple of weeks.

*cue Peter Schiff laughing*

That’s right. Yesterday, for the first time in history, the yellow metal soared above $2,100.

So, while all the Bullion Bulls are counting their profits, let’s take a look at what’s going on here.

1/ All eyes on June. According to the CME FedWatch tool, traders see a 70% chance of the Federal Reserve cutting interest rates in June. That economic stimulus devalues the Dollar, and as a result, gold flies.

2/ Safe haven demand. Gold has always been seen as a store of value during times of uncertainty, and that’s not changing. Since the start of the Israel-Hamas war, gold has climbed over $300.

3/ Global elections. 2024 is also a huge election year worldwide, which just adds further fuel to the fire. And it’s not just the US. We’ve got elections coming up in India, the UK, Mexico, Taiwan, and many others.

At Lark, we like to call this a recipe for bullishness. When it’s easy to build such a strong case, we don’t try and fight the trend.

Sorry, contrarians.

DIGESTIBLE MEMES 🍪 

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