Billionaire Israel Englander sold Nvidia, increased holdings in BlackRock's Bitcoin ETF, following Bitcoin's potential rise.

From Nasdaq: 2025-02-26 08:30:00

Israel Englander has built Millennium Management into a top hedge fund. Investors should understand that Englander works with small teams with their own strategies. In the fourth quarter, Millennium trimmed its position in Nvidia and increased holdings in BlackRock’s Bitcoin ETF. Trump’s tariffs and Biden’s export rules could impact Nvidia’s future.

Englander’s bet on BlackRock’s Bitcoin ETF may be tied to the election. Many fund managers view Bitcoin as an inflation hedge. MicroStrategy’s Saylor predicts Bitcoin could hit $13 million by 2045. While Bitcoin has been volatile, it has proven to be a good diversification move. Investors should consider allocating some capital to crypto.

Should you invest in iShares Bitcoin Trust? The Motley Fool Stock Advisor team identified 10 top stocks, with iShares Bitcoin Trust not making the cut. Stock Advisor has outperformed the S&P 500 since 2002. Consider the potential returns of past recommendations. Before investing, understand the risks and do thorough research.



Read more at Nasdaq: Billionaire Israel Englander Sold Nvidia and Piled Into a BlackRock ETF That MicroStrategy’s Michael Saylor Says Could Soar 13,200%