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With the recent launch of new crypto exchange-traded funds (ETFs), it's never been easier to buy Bitcoin (CRYPTO: BTC) for your portfolio. That said, you might still have reservations about investing a large chunk of change ($10,000 or more) into what has historically been a very volatile asset. Image source: Getty Images.
What Cathie Wood said In a recent video interview with Yassine Elmandjra, Ark Invest's director of digital assets, Wood unveiled a rarely discussed detail of Bitcoin's next halving event that could change the game for the cryptocurrency market: The rate of growth in supply is going to be cut in half to just under 1% per year.
Broadcom may look expensive at 28 times earnings, but its generally accepted accounting principles (GAAP) earnings numbers are depressed, thanks to a high amortization of intangible assets from past acquisitions. When looking at its second quarter earnings and free cash flow, the stock is not quite that pricey. of GAAP EPS.
Bitcoin (CRYPTO: BTC) has received a lot of attention lately, mainly due to the approval by the Securities and Exchange Commission and the subsequent launch by major asset managers of spot exchange-traded funds (ETFs). In the past five years, there aren't many assets that have outperformed Bitcoin's 1,210% gain (as of April 6).
I'd expect that it would take investors a long time to try to find assets that performed better than Bitcoin (CRYPTO: BTC) has. Bitcoin is a game-changing concept When the Bitcoin whitepaper was released in October 2008, it introduced a method for two parties to directly send money to each other digitally without the use of an intermediary.
I have coins in my portfolio that are still down 70% or 80%, and some of them are relatively established projects. Read the whitepaper and look at what the project promises to do. Some investors will recover some of their assets from now defunct platforms, but there are no guarantees.
The original whitepaper that describes Bitcoin's technical function and long-term ambition compares the electricity and computing power of Bitcoin mining to digging physical gold out of the ground. With growing mainstream adoption and an increasing presence in the portfolios of institutional investors, Bitcoin's market maturity is advancing.
I don't think there's a whitepaper out there that the Fed is pointing to that says, no, 2% is the correct long-term rate of inflation. A bank is solving around a risk, and there's a large perceived risk in asset class change. Matthew Argersinger: I love that question. laughs] I'm serious. It's just a number.
It enables company teams to unlock value from proprietary data by securely ingesting and organizing information found in presentations, spreadsheets, proposals, whitepapers, and emails. As of June 30, 2023, the firm has over $80B in regulatory assets under management.
In fact, the original Bitcoin whitepaper called it a "peer-to-peer electronic cash system," and that's exactly what it was supposed to be. dollar (and dollar-denominated assets), pushing Bitcoin to unbelievably higher price levels in years to come. For much of its early history, Bitcoin was primarily viewed as a medium of exchange.
The value of this digital asset isn't based on anything real, so the only way to make money with it is to find a buyer willing to pay a higher price. And even if you see significant value in Bitcoin assets, you could still argue that it's overpriced. In my eyes, Bitcoin is a great asset to own in the long term.
Owning some Bitcoin (CRYPTO: BTC) could be one of the best ways to shield your portfolio from negative inflation effects. The Bitcoin whitepaper that defines the first cryptocurrency compares its incentive structure to physical gold. Creating new Bitcoin assets requires mining hardware, processing time, and electricity.
That's a distinctly different tone than the reluctant reviews of digital assets under the Biden administration. The recent introduction of exchange-traded funds (ETFs) based on spot Bitcoin prices has made the crypto asset available to whole new types of investors. Don't forget about the halving of Bitcoin mining rewards.
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