Billionaires selling Nvidia stock, buying iShares Bitcoin Trust anticipating potential Bitcoin surge

From Nasdaq
September 23, 2024 4:30 AM:

Nvidia’s stock surged due to AI dominance, but hedge fund managers like Steven Cohen and Israel Englander sold shares and bought into iShares Bitcoin Trust. Experts predict Bitcoin could reach $500k to $49 million by 2045, driven by spot Bitcoin ETFs. Historically, Bitcoin peaks after halving events, suggesting a new high by 2025.

Spot Bitcoin ETFs are simplifying crypto investing for institutions, fueling demand. Institutional investors support the iShares Bitcoin Trust, which could drive Bitcoin’s price to $3.8 million. History shows Bitcoin peaks post-halving events, foreshadowing a record high by 2025. However, risks like market unpredictability remain.

Investors tempted by Bitcoin’s potential gains should ponder the uncertain nature of all investments. Bitcoin has a volatile past and projections are speculative. Prudent investors may consider a small allocation, such as 5% of their portfolio, in Bitcoin or iShares Bitcoin Trust. Always remember, the value of Bitcoin could plummet to zero.

There are risks involved in investing in iShares Bitcoin Trust, mainly due to the volatility in cryptocurrency markets. The Motley Fool Stock Advisor team recommends other stocks for long-term growth. In the past, their recommendations have significantly outperformed the S&P 500. Consider all factors before investing in assets such as Bitcoin.

Read more at Nasdaq: Billionaires Are Selling Nvidia Stock and Buying an Index Fund That Could Soar Up to 77,675%, According to Wall Street Experts