Second Man Arrested in NYC Crypto Kidnapping
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Yahoo
29 minutes ago
- Yahoo
The Smartest Cryptocurrency to Buy With $1,000 Right Now
Key Points This top cryptocurrency commands 60% of the entire industry's market cap, and it's the largest and most valuable digital asset by far. There is a vast financial ecosystem that supports greater adoption of this crypto. Investors can have confidence in this network's staying power for the long term. 10 stocks we like better than Bitcoin › Recent developments have created a more favorable regulatory backdrop for the cryptocurrency industry. That should gives investors confidence when assessing whether they will put money to work. But among the sea of choices out there, it can feel like an impossible task trying to pick one. I think it's best to keep things simple. If you have $1,000 that you're ready to invest in this exciting asset class, look no further than this top cryptocurrency. I view it as the smartest investment to make in the sector. Already a winner The entire crypto market is valued at roughly $4 trillion, as of July 24. However, there's one digital asset that reigns supreme. Bitcoin (CRYPTO: BTC), which carries a market cap of $2.4 trillion, represents 60% of the whole industry. I believe it's the best crypto to buy right now with $1,000. Introduced in early 2009, Bitcoin is the oldest cryptocurrency in the world. This gives it a valuable first-mover advantage. It has the brand recognition, as well as the mind share, that puts it ahead of all the other blockchains. Plus, Bitcoin is likely the first place investors look when thinking about allocating capital to cryptocurrency. Bitcoin is also the most liquid. Its market cap is more than five times more valuable than Ethereum's. Just in the past 24 hours, about $30 billion worth of Bitcoin was sent between addresses. Bitcoin's network effect can't be overstated. There is a large group of developers working on maintaining it, and there are miners and nodes scattered around the globe supporting Bitcoin's functioning. This doesn't mention all the market participants that use Bitcoin. Looking more broadly, Bitcoin has a deep (and growing) financial ecosystem that supports its adoption. Financial services, including exchanges, wallets, payment systems, exchange-traded funds, and custody services, is one robust area that highlights how much development is taking place with Bitcoin. One of the biggest risks was that the U.S. government would ban Bitcoin. This is no longer something to worry about, as Bitcoin has been fully embraced. For example, the White House announced a planned Strategic Bitcoin Reserve, showcasing the importance of owning the digital asset at the federal level. Thinking about the next decade and beyond Warren Buffett is a legendary investor who has found tremendous success because his philosophy centers on owning durable businesses that have stood and will continue to stand the test of time. Investors should adopt the same approach when looking at the cryptocurrency industry. Yes, there will be smaller, more volatile, and more exciting tokens whose prices can skyrocket in a short period of time based on changing investor sentiment. But no one can confidently say that they will even be around a decade from now. Bitcoin stands above the rest. I believe it's the crypto that has the most staying power. It has survived up until now, successfully making it through changing economic conditions and multiple crypto winters, only to bounce back stronger than ever. This gives me confidence that it will not only be relevant, but will be thriving, far into the future. Gold currently has a market cap of $23.1 trillion. For thousands of years, the precious metal has been viewed as the scarcest asset in the world. Bitcoin is even scarcer, with an absolutely finite supply cap of 21 million units. This makes it extremely attractive to own, especially when compared to the excessive spending and rising debt of the U.S. government and other countries around the globe. A $1,000 investment in Bitcoin today could be worth significantly more years and decades down the road. Should you buy stock in Bitcoin right now? Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy. The Smartest Cryptocurrency to Buy With $1,000 Right Now was originally published by The Motley Fool
CNN
an hour ago
- CNN
‘Tesla Takedown' protestors have a new target: Elon Musk's Tesla Diner
For months, protesters have gathered outside Tesla showrooms in response to Elon Musk's role in reducing US government spending as part of the Department of Government Efficiency. This weekend, protesters in Los Angeles found a new destination: Musk's new 24-hour Tesla Diner in the Hollywood area. Musk had touted the concept of an 'old school drive-in, roller skates & rock restaurant' in 2018. Since opening on Monday, the retro-futuristic diner with electric vehicle-charging stations has had long lines of customers who are served burgers in Cybertruck-designed boxes. One customer posted to YouTube that he waited 11 hours for the restaurant to open. But Joel Lava, who has helped organize 'Tesla Takedown' demonstrations and has spearheaded protests at the diner, believes that protests could continue throughout the summer and that the buzz around the new restaurant will soon die down. '(Customers are) waiting 11 hours so they can have Tesla-brand burgers and fries,' Lava told CNN. 'This is the world's most renowned anti-trans advocate who just opened a diner in West Hollywood. The community is not very supportive of Elon.' Lava estimates as many as 75 demonstrators joined the diner protest on Saturday. He said organizers began planning protests for this weekend after the diner abruptly opened on Monday. 'Our main message is Tesla funds fascism. Elon Musk, via DOGE, has destroyed our government agencies and people's jobs, and people are dying around the world because of him,' Lava said. Tesla did not immediately respond to CNN's request for comment. Lava said protest attendance for Tesla Takedown events peaked at the end of March, but has 'been going strong.' Protests outside of Tesla showrooms across the United States have remained a weekly staple in many cities, with 40 protests planned on the 'Tesla Takedown' website for the weekend. 'We've already been successful in tarnishing the Tesla brand,' he said. During last week's second-quarter earnings call, Musk highlighted Tesla's future — not its gloomy present-day — by reaffirming ambitious plans for the company's robotaxi service and mass production of its humanoid robot, Optimus, which was serving popcorn at Musk's diner. Tesla's auto revenue fell 16% from April to June and overall revenue was down 12%, according to its earnings report. Sales of its best-selling Model Y and Model 3 fell 12% compared with a year ago, while sales of its more expensive models, including the Cybertruck, plunged 52%. Shares of Tesla (TSLA) were down more than 4% last week, closing at $316.06 on Friday, after falling 9% on Thursday. Since peaking at $479.86 on December 17, Tesla shares have plunged 34%. CNN's Chris Isidore contributed to this report.
Business Insider
an hour ago
- Business Insider
Wall Street Sees Over 30% Upside in MSTR Stock Ahead of Q2 Results
Strategy (MSTR), the largest corporate owner of Bitcoin in the world, is scheduled to announce its results for the second quarter of 2025 on Thursday, July 31. MSTR stock has rallied 40% year-to-date and over 140% over the past year, mainly due to its large Bitcoin holdings and the rise in crypto prices. Growing interest in Bitcoin ETFs and steady gains in its software business have also helped lift the stock. Ahead of the results, Wall Street remains upbeat on MSTR stock, projecting over 30% upside from current levels. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. What to Watch on July 31 The company, earlier known as MicroStrategy, is expected to report a narrower loss per share of $0.10 for Q2 2025 compared to $0.57 per share in the prior-year quarter. Analysts expect MSTR to report Q2 revenue of $13.65 million, reflecting a year-over-year growth of 2%. Investors will be watching for management's comments on its Bitcoin strategy, along with any updates on the company's software business. Top Analyst's Views about MSTR Stock Ahead of Q2 results, Top analyst Lance Vitanza of TD Cowen raised his price target on MSTR stock to a Street-high of $680, up from $590, and kept a Buy rating. Vitanza believes Bitcoin could hit $155,000 by December, which could push MSTR stock much higher, since it closely follows Bitcoin's price. Looking ahead, the analyst expects MSTR to keep buying more Bitcoin using funds raised through the capital markets. Is MicroStrategy a Good Stock to Buy? Strategy (formerly known as MicroStrategy) continues to win over analysts. According to TipRanks, the stock currently holds a Strong Buy rating based on 12 analyst reviews: 11 Buys, zero Holds, and just one lonely Sell. The average 12-month MSTR price target is $541, implying 33.29% upside potential.
