Friday's rebound rally didn't fully reverse all the selling from the Fed's rate cut outlook announcement. The committee voted to cut another 25BPS but curbed the rate of cuts it originally projected for 2025.
TORONTO, ON / ACCESSWIRE / December 20, 2024 / Quantum BioPharma Ltd. (NASDAQ:QNTM)(CSE:QNTM)(FRA:0K91) ("Quantum BioPharma" or the "Company"), is pleased to announce that after receiving approval from the Board of Directors, the Company has purchased USD $1,000,000 Bitcoin (BTC) and other cryptocurrencies as part of its strategic efforts.
Tom Lee is the head of research at Fundstrat Global Advisors. He correctly anticipated the stock market rally that lifted the S&P 500 out of bear market territory last year.
2024 is on track to be one of the best years in modern history for the stock market, and two of the most popular investments are a big reason why.
Cathie Wood, the maverick investor and chief of Ark Invest, isn't known for being shy. Her career has been marked by making bold moves and bolder statements.
1 Top Cryptocurrency to Buy Before It Soars 157%, According to Billionaire Venture Capitalist Tim Draper
The price of Bitcoin (BTC -6.26%) is now up more than 110% for the year and on the cusp of breaking through the $100,000 mark, so it's perhaps no surprise that top hedge fund investors are looking for ways to add this soaring cryptocurrency to their portfolios. Among them is billionaire hedge-fund manager Paul Tudor Jones.
MSTX, a leveraged ETF tied to MicroStrategy and Bitcoin, offers high potential returns but carries significant risk due to leverage and BTC volatility. Trump's pro-crypto stance and Bernstein's $200k BTC forecast support a bullish outlook for MSTX, despite inherent risks. MSTX's leveraged returns align with its goal, but volatility decay and non-diversification elevate risks, making it suitable for momentum traders.
Bitcoin (BTC) has been making headlines, reaching unprecedented highs after Donald Trump's victory in the US presidential election. This surge in Bitcoin's price has been termed the "BTC Trump Trade," and it has ignited enthusiasm among investors.
Donald Trump's victory in the recent U.S. Presidential elections saw cryptocurrency prices soaring, making momentum investing an appealing strategy. Look at Bitcoin ETFs to capitalize on the long-term bullish trend in digital assets.
This ETF could be the best way to invest in the next big asset class.
Is it time to pay closer attention to the world's second-most valuable cryptocurrency?