AI Predicts Bitcoin Price if 1 Million BTC Gets Locked in ETFs: The $250K Scenario
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Bitcoin ETFs hold 1.3 million BTC (6% of supply). Another 1 million BTC added would lock up over 12% of total coins.
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Bitcoin ETF scenario with 1M additional BTC removes 5% more supply from liquid markets,
Mortgage Rates Today, Monday, December 22: Noticeably Lower
If lower mortgage rates are on your wish list, your gift came early today.
The average interest rate on a 30-year, fixed-rate mortgage dropped to 6% APR, according to rates provided to NerdWallet by Zillow. This is six basis points lower than yesterday and 17 basis points lower than a week ago.
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Read MoreFinal 2025 Social Security payments arrive this week despite Trump's holiday executive order
Trays of printed social security checks wait to be mailed from the U.S. Treasury’s Financial Management services facility in Philadelphia.
Of the over 71 million Americans who receive regular Social Security payments,
Minn.’s Somali social-services scammers may have stolen $9 billion — nearly Somalia’s entire economy
A staggering $9 billion may have been stolen in Minnesota’s sprawling social-services scam orchestrated mainly by members of its Somali community — a figure nearly equivalent to the entire economy of Somalia.
The enormous new estimate is a nearly nine-fold increase from the swiped $1 billion previously suspected, according to federal prosecutors.
Read More5 Beloved Stocks on Wall Street I'd Sell Right Now
Key Points
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Investors have every reason to smile, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite,
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Read MoreThe Burst
1 Rare Stock Buffett Is Buying
Warren Buffett has spent 2024 stockpiling cash, even going so far as to sell off sizeable pieces of some of his largest investments. Recently, though, Berkshire Hathaway announced that it had made some modest acquisitions, including the addition of nearly 388,000 shares of domain name registry service Verisign (NASDAQ:VRSN).
These purchases brought Berkshire Hathaway’s holdings in Verisign to 13.2 million shares,
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Read MoreThe Ivy
Will This ETF 2x Before Year End?
In recent months, some of the most sophisticated investors on Wall Street have made a bold move by pouring hundreds of millions into BlackRock’s iShares Bitcoin Trust (IBIT).
This isn’t just a passing trade but a conviction bet that Bitcoin’s best days may still be ahead and while still trading under $100,000 per coin,
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Read MoreThe Spotlight
457 Million Reasons to Buy This Auto Stock
When you find an investment manager overseeing $1.2 billion, it warrants further investigation when they bet one fifth of their entire portfolio on a single stock. Yet that’s exactly the conviction that Impactive Capital demonstrated by betting 20.4% of their portfolio on an automotive retailer.
Amid the universe of thousands of stocks, what is it that Impactive portfolio managers saw in Asbury Automotive that motivated them to allocate $457 million of their fund to it?
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