115.470High112.927Low194.90KVolume113.700Open113.390Pre Close22.36MTurnover1.61%Turnover Ratio--P/E (Static)12.13MShares117.55052wk High--P/B1.40BFloat Cap43.77052wk Low--Dividend TTM12.13MShs Float117.550Historical High--Div YieldTTM2.24%Amplitude43.770Historical Low114.722Avg Price1Lot Size
Bitcoin’s value has increased by almost 160% this year alone and it’s a matter of time before it will hit the $100,000 mark.
What are the drivers behind this spectacular rise?
1. There are high expectations from the newly US elected government that they will take a very friendly crypto approach. The optimism...
That's not just a dream - Pennsylvania just did it.
Representative Mike Cabell’s proposed Bitcoin Reserve Bill which would allow the state to allocate up to 10% of its $7 billion Rainy Day Fund to Bitcoin.
Here's what you need to know:
1. Bitcoin as a Hedge Against Inflation
Pennsylvania recognizes what Michael Saylor has been saying for years.
Fiat curren...
On the shopping list was to:
-buy crypto etfs and stocks $Coinbase (COIN.US)$ $Riot Platforms (RIOT.US)$ $VanEck Bitcoin Trust (HODL.US)$
-camped tesla $Tesla (TSLA.US)$ but at 12+ I’m a bit late to the party!!
-dump out cannabis and energy stocks (for now!)
-remain neutral on biotech
*nfa dyor😜
S&P 500: +2.1% $SPX $SPY
Dow 30: +2.6% $DJI
Nasdaq 100: +1.8% $NDX $QQQ
Russell 2000: +5.9% $RUT
Industries down:
Solar
Renewable Energy
Electric Vehicles (excl. Tesla)
Chinese stocks
Cannabis
Industries Up:
Banks
Technology
Cryptocurrencies
Small caps
Most other sectors
$iShares Russell 2000 ETF (IWM.US)$ $MARA Holdings (MARA.US)$ $iShares Bitcoin Trust (IBIT.US)$ $Valkyrie Bitcoin Fund (BRRR.US)$ $VanEck Bitcoin Trust (HODL.US)$ $ARK 21Shares Bitcoin ETF (ARKB.US)$ $Trump Media & Technology (DJT.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $NIO Inc (NIO.US)$ $Alibaba (BABA.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Invesco QQQ Trust (QQQ.US)$
→ 252,220 BTC total
→ 1.2% of all BTC ever issued
Due to its substantial holdings, MSTR stock has become a proxy for Bitcoin price movements.
And since adopting this "Bitcoin strategy" in August 2020, MSTR has outperformed 100% of the members of the S&P 500.
This might just break the volatility barrier.
$MicroStrategy (MSTR.US)$ $Coinbase (COIN.US)$ $Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $iShares Bitcoin Trust (IBIT.US)$ $Valkyrie Bitcoin Fund (BRRR.US)$ $VanEck Bitcoin Trust (HODL.US)$ $ARK 21Shares Bitcoin ETF (ARKB.US)$ $Grayscale Bitcoin Trust (GBTC.US)$ $Riot Platforms (RIOT.US)$ $IREN Ltd (IREN.US)$ $CleanSpark (CLSK.US)$ $MARA Holdings (MARA.US)$ $Metaplanet (3350.JP)$
The SEC's approval of IBIT options is a watershed moment for Bitcoin; options can greatly enhance liquidity
Options trading on IBIT will unlock new pools of capital, allowing institutional investors to confidently engage in BTC exposure while mitigating downside risk.
IBIT's dominance in the Bitcoin ETF landscape is set to accelerate, offering both spot market access and the flexibility of options trading.
The approval of IBIT...
BlackRock is now saying
“Over the long term, bitcoin’s adoption trajectory is likely to be driven by the intensity of concerns over global monetary stability, geopol...
The long awaited "Fed pivot" has officially begun... By starting their monetary policy easing cycle with an aggressive 50 basis points rate cut it seems that the Fed decided to focus on the labor market part of their dual mandate rather than the inflation one...
Here's a summary of Fed decision:
1. Fed cuts interest rates by 50 bps for first time since 2020...
In today's discussion, I would like to share with you a few groups of ETFs that are either on my watchlist and/or portfolio and, at the same time, would like to hear from your comments and opinions.
In my previous post on 11 approved bitcoin ( $Bitcoin (BTC.CC)$ ) ETFs that will start trading on January 11, 2024, 90% voted that they will definitely trade these bitcoin ETFs. The survey...
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