“Markets have rebounded very nicely off the lows,” says Hightower’s @Stephanie_Link. “I think we can continue to rally if earnings continue to be good.”
Markets can continue to rally if earnings continue to be good, says Hightower’s Stephanie Link.
Stephanie Link, Hightower Advisors chief investment strategist and portfolio manager, joins ‘Squawk Box’ to discuss the latest market trends, what to make of the recent market rebound, earnings season so far, and more.
The Federal Reserve has removed existing restrictions for banks involved in cryptocurrency and stablecoin activities, signaling significant progress in integrating digital assets within the traditional banking system.
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🚀 Quantitative trading firm Presto makes a bold prediction: #Bitcoin could surge to $210,000 THIS YEAR ! 💥
Is this the start of a new bull run ? 📈 What do you think ? Share your thoughts !
Bitcoin's potential surge to $210,000 this year is certainly an exciting prediction. While it's impossible to predict with certainty, several factors suggest a new bull run could be on the horizon.
- *Institutional Adoption*: Growing interest from institutional investors, such as the approval of spot-price ETFs, could drive up demand and prices.
- *Global Liquidity*: Central banks' monetary policies, like the Bank of Japan and People's Bank of China's capital injections, might boost global liquidity and push Bitcoin's price higher.
- *Historical Trends*: Bitcoin's past performance after halving events and its current price action could indicate a potential surge.
Some notable predictions from experts include ¹ ³ ⁴:
- *$100,000 to $200,000*: Analysts like Jamie Coutts and Standard Chartered predict Bitcoin could reach these levels in 2024 or 2025, driven by macroeconomic factors and institutional adoption.
- *$150,000 to $250,000*: Other experts, such as Gareth Soloway and Anthony Pompliano, forecast even higher prices, citing Bitcoin's potential as a store of value and its growing adoption.
However, it's essential to consider potential risks and market volatility. Investors should stay informed about market developments, regulatory changes, and macroeconomic conditions to make well-informed decisions.
Given Bitcoin's current price of around $93,563, a surge to $210,000 would represent a significant increase. While it's uncertain whether this prediction will come true, the cryptocurrency market's volatility and potential for rapid growth make it an exciting and closely watched space.
#BitcoinETFs A Bitcoin ETF to purchase now for $100 and keep for the long term. Key Points: * Thanks to the introduction of spot Bitcoin ETFs, investors can gain exposure to the top cryptocurrency in a very convenient way. * One Bitcoin ETF has seen a massive inflow of capital, making it the largest such product on the market. * Bitcoin's hard supply cap might be its most compelling characteristic. Bitcoin has been an unbelievable investment. In the past decade, the price has skyrocketed 37,000
According to Saylor of Strategy, banks are now permitted to endorse Bitcoin.
Strategy co-founder Michael Saylor admits that they are now free to begin supporting Bitcoin.
On Thursday, the Federal Reserve declared that it has rescinded its guidance for banks concerning assets and token activities. Previously, banking institutions were required to inform the Fed if they planned to engage in this emerging asset class.
Latest from, cryptocurrency-related activities will be implemented just as regular banking activities without extra scrutiny.
While regular banking regulations remain in effect, the route for banks to engage in cryptocurrency has become more straightforward.
This is positive for those who wish to see major banks participate in the stablecoin sector, indicating that regulators are adapting rather than completely prohibiting the integration of crypto, according to Nansen CEO Alex Svanevik.
US treasury secretary says ‘there is a path’ with China over tariff negotiations.
#USChinaTariff tussle ‘The Chinese will see this high tariff level is unsustainable for their business,’ says Scott Bessent. The US treasury secretary, Scott Bessent, said “there is a path” to an agreement with China over tariffs after he had interactions with his Chinese counterparts last week in Washington. “I had interaction with my Chinese counterparts, but it was more on the traditional things like financial stability, global economic early warnings,” Bessent told ABC News’s This Week on S
Warren Buffett Sells His S&P 500 Index Funds Before the Market Crash and Buys a Restaurant Stock Up 375% in 10 Years
Key Points:
* The S&P 500 declined more than 12% during the five trading days after President Trump announced his "Liberation Day" tariffs in early April.
* Warren Buffett's Berkshire Hathaway sold its entire stake in two S&P 500 index funds in the fourth quarter while adding to its position in Domino's Pizza.
* Investors should not interpret Buffett's decision to sell S&P 500 index funds as a lack of confidence in U.S. stocks.
Why Warren Buffett sold his S&P 500 index funds?
The Motley Fool presents an article discussing Warren Buffett's recent financial maneuvers, including the sale of his S&P 500 index funds prior to a market downturn and his investment in a restaurant stock that has appreciated by 375% over the past decade.
Furthermore, Berkshire's investment in the Vanguard S&P 500 ETF and SPDR S&P 500 ETF Trust constituted less than 0.02% of its overall portfolio. Therefore, Buffett's choice to divest from these index funds should not be seen as a sign of diminished confidence in U.S. equities, but rather as a strategic move to eliminate two minor holdings that were counterproductive to his objective of surpassing the performance of the S&P 500.
Importantly, Buffett recently told CBS, "A majority of any money I manage will always be in the United States." So, patient investors should feel comfortable holding an S&P 500 index fund in the current market environment.
Significant U.S. Dollar Alert from the Fed Prepares Bitcoin for a Black Rock Megaforce Price Surge
#BitcoinBlackRockMegaforce price Surge This week Bitcoin has surged back in tandem with tech stocks following a leak that exposed significant concerns among the establishment regarding the potential spread of crypto 'contagion.' The bitcoin price has surged toward $100,000 per bitcoin as one closely-watched crypto investor calls the market bottom, telling people to “buy everything” ahead of a Federal Reserve flip. With the CEO of Binance validating rampant rumors that could skyrocket bitcoin's v
#XRPETF XRP ETF stands for XRP Exchange-Traded Fund, which tracks the price of XRP, providing indirect exposure to investors. This financial product allows traders to gain exposure to XRP's price movements without buying, storing, or managing the cryptocurrency directly.
*Key Features:*
- *Price Tracking*: An XRP ETF mirrors XRP's price closely. - *Exchange-Traded*: Shares can be bought and sold on traditional stock exchanges during regular market hours. - *Regulatory Oversight*: XRP ETFs are subject to regulatory oversight by financial authorities.
*Benefits:*
- *Accessibility*: Investors can gain exposure to XRP through brokerage accounts, eliminating the need to navigate cryptocurrency exchanges and wallets. - *Liquidity*: XRP ETFs offer liquidity, allowing investors to buy and sell shares at market prices. - *Diversification*: An XRP ETF provides diversification within a traditional investment portfolio, allowing investors to benefit from the growth potential of the cryptocurrency market ¹ ².
*Recent Developments:*
Several companies have filed for XRP ETF approvals with the US Securities and Exchange Commission (SEC), including: - *Bitwise Asset Management*: Filed a Form S-1 registration statement for an XRP ETF in October 2024. - *Canary Capital*: Filed an S-1 form with the SEC for its proposed Canary XRP ETF. - *21Shares*: Filed for XRP ETFs in late 2024, with listings on exchanges like XSWX and XAMS.
*Potential Impact:*
The approval of XRP ETFs could lead to increased demand, liquidity, and stable price discovery, especially with institutional involvement. This could drive up XRP's price and contribute to market growth ².
-- The USA Will Continue to Buy #Bitcoin -- Christine Lagarde: CBDC by October -- What's Next for #Ethereum? -- #Solana to Launch NEW Mobile Phone in 2025 -- & MORE! $XBG $ETH
Let's break down the latest crypto news:
Recent Developments:
- *USA's Crypto Reserve:*
The US is reportedly planning a strategic crypto reserve, which could include $BTC Bitcoin, $ETH Ethereum, $Solana, and $XRP. This move has sparked optimism among cryptocurrency enthusiasts, potentially driving up prices.
- *Christine Lagarde's CBDC Update:*
Although there's no direct confirmation from Christine Lagarde about launching a CBDC by October, the European Central Bank is exploring digital euro possibilities to protect Europe's financial stability.
- *Solana's New Mobile Phone:*
Solana is indeed planning to launch a new mobile phone in 2025, which could further integrate blockchain technology into everyday life.
Market Predictions:
- *Bitcoin's Price:*
Standard Chartered predicts Bitcoin could reach $125,000 if Trump is reelected. Other predictions suggest Bitcoin might hit $100,000 regardless of the US election outcome.
- *Solana vs. Ethereum:*
Standard Chartered also believes Solana could outperform Ethereum and Bitcoin in 2025 if Trump is reelected.
Other News:
- *Ethereum ETFs:*
The SEC has approved options trading on Ethereum ETFs, which could lead to increased adoption and investment.
- *Crypto Regulation:*
Russia plans to update its criminal code to include cryptocurrency terminology, while the US Senate has confirmed Paul Atkins as the new SEC chair, who aims to roll back Biden-era policies.