Latest news with #GrayscaleBitcoinTrust
Globe and Mail
18-06-2025
- Business
- Globe and Mail
1 No-Brainer Cryptocurrency Fund to Buy Right Now for Less Than $100
Bitcoin 's (CRYPTO: BTC) price continues to be a volatile but lucrative ride. The flagship cryptocurrency has ebbed and flowed, but when it's all said and done, Bitcoin's price is up nearly 60% today from where it was a year ago. I don't think Bitcoin's run is over, and that makes the Grayscale Bitcoin Trust ETF (NYSEMKT: GBTC) a no-brainer investment at under $100 per share. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Investing in the Grayscale Bitcoin Trust ETF is an easy way to add Bitcoin exposure to your portfolio. It's a spot Bitcoin ETF, meaning you can buy it and sell it within your typical investment account. There's no fussing with crypto wallets or anything like that. Interested? Good. Read on to see why the ETF could head much higher over the long run. Here is why it's worth having some Bitcoin exposure in a long-term portfolio In addition to being the original cryptocurrency and the largest by market capitalization today, Bitcoin serves as a hedge against inflation. You can't easily run out and buy a slice of pizza with Bitcoin, but it's valued and has a capped supply. Many view Bitcoin as a digital version of gold. The United States government has slowly developed a spending problem since moving from a gold-backed dollar to a fiat currency in 1971. The country's debt has continued to accumulate as the government spends more than it brings in via taxes. When the government borrows by selling Treasuries, it essentially adds more dollars to the economy's money supply. In a nutshell, inflation, which is the erosion of the U.S. dollar's purchasing power, occurs when the money supply grows too rapidly. As a consumer, you see this in the form of higher prices for goods and services. Bitcoin's price is denominated in U.S. dollars, so as long as the above chart continues trending this way, it's a tailwind for Bitcoin's price. America may struggle to kick its spending habit President Donald Trump and Elon Musk created the Department of Government Efficiency, or DOGE, earlier this year as an attempt to analyze government spending and identify areas where cuts could help reduce the federal deficit. It's probably safe to say that DOGE failed at this point. Musk has returned to working at his companies. Meanwhile, DOGE has only recommended an estimated, and unverifiable, $180 billion in savings, putting the group on track to fall well short of Musk's initial $2 trillion goal. Politicians have also been reluctant to legislate most of DOGE's cuts. The Trump-endorsed One Big Beautiful Bill Act, currently in the U.S. Senate, only includes $9.4 billion of DOGE's cuts, and would lift the country's debt ceiling by a whopping $4 trillion. The Congressional Budget Office estimates that the bill would worsen the federal deficit to 7% of GDP by 2026. It makes sense at this point to at least consider Bitcoin as part of a diversified investment portfolio to hedge against what could be years of outsize federal spending ahead. The digital economy is coming Trump aligned himself with Bitcoin (and other cryptocurrencies) while campaigning, and followed through with an executive order to establish a Strategic Bitcoin Reserve for the federal government. Trump's well-known disdain for regulatory red tape could help facilitate innovation over the coming years. At the same time, it appears that corporations are finding reasons to adopt digital currencies. Cryptocurrency exchange Coinbase Global has partnered with American Express to announce a credit card that offers cash-back rewards in Bitcoin. Amazon and Walmart have announced plans to create stablecoins, aiming to break free from traditional payment networks. The broad shift toward a digital economy would be a rising tide that should directly benefit Bitcoin, as the most prominent cryptocurrency. The Grayscale Bitcoin Trust ETF is a simple way to invest in Bitcoin, making it a no-brainer today, given how the big picture is materializing in Bitcoin's favor. Should you invest $1,000 in Grayscale Bitcoin Trust (BTC) right now? Before you buy stock in Grayscale Bitcoin Trust (BTC), consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Grayscale Bitcoin Trust (BTC) 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 $660,821!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $886,880!* Now, it's worth noting Stock Advisor 's total average return is791% — a market-crushing outperformance compared to174%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 June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. American Express is an advertising partner of Motley Fool Money. Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Bitcoin, and Walmart. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
Yahoo
07-02-2025
- Business
- Yahoo
Roblox Corporation (RBLX): Among Cathie Wood's Top Stock Picks for 2025
We recently compiled a list of the . In this article, we are going to take a look at where Roblox Corporation (NYSE:RBLX) stands against the other stocks in Cathie Wood's portfolio. Cathie Wood is one of Wall Street's most contentious figures. She founded ARK Investment Management around ten years ago and has over three decades of experience in the financial sector, including a notable spell as chief investment officer of AllianceBernstein Holding LP's global thematic strategies unit. An 87.4% return in the fund, driven by a 1300% growth in Grayscale Bitcoin Trust, made it one of the fund's best years since its debut in 2017. This performance came about at a time when Bitcoin's price had reached a record high of $20,000. Cathie Wood's investing strategy is pretty straightforward: her ARK ETFs invest in developing high-tech firms in artificial intelligence, blockchain, medicinal technology, and robotics. Wood believes these firms can transform sectors, but their volatility causes significant fluctuations in ARK's valuations. Although supporters of Wood hail her as a tech visionary, her detractors call her a run-of-the-mill fund manager. Additionally, despite achieving a 153% return in 2020, her long-term performance has raised questions regarding the viability of her high-risk, high-reward investment style. With $6,269 million under management, the ARK Innovation ETF has returned an annualized 14.24% over the last five years and a 12.16% year-to-date. The Nasdaq Composite, on the other hand, has an average return of 106.84% over five years. Following recent changes in technology markets, Cathie Wood and her ARK research team released the yearly blockbuster report "Big Ideas 2025." Wood seems optimistic about the future of AI computing power and AI agents. She added that from the dawn of artificial intelligence in 2018, computer performance has multiplied 40 times, and by 2023, it will have exceeded 48 times. Computing performance is predicted to hit a new high by the end of this century, mainly due to the rapid growth of AI. Specifically, Cathie Wood believes that AI agents are the central subject of future development, with the potential to accelerate the adoption of digital applications and spark unfathomable changes in human-computer interaction. Narrowing it down to specific industries, these agents will also press for an increase in the use of digital wallets in e-commerce. According to ARK research, digital wallets powered by AI purchasing agents are gaining market share from traditional payment methods such as credit and debit cards, with digital wallets anticipated to account for 72% of all e-commerce transactions by 2030. Our Methodology For this article, we scanned ARK Investment Management's Q3 portfolio and chose its top 15 stock picks. The stocks are ranked in ascending order of the fund's stakes in them. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). A person taking lessons through Roblox Education, expanding their knowledge and skills. ARK Investment Management's Q3 Stake Value: $524.1 million Number of Hedge Fund Holders: 52 Roblox Corporation (NYSE:RBLX) is a video game developer located in California, USA. With 88.9 million active users each day, 2.9 million developers, and 6 million active experiences, Roblox Corporation (NYSE:RBLX) goes beyond the standard definition of a video game by combining its digital currency and providing a wide range of unique virtual experiences. On January 28, Piper Sandler increased its price target for Roblox Corporation (NYSE:RBLX) to $72 from $65 due to strong user engagement and bookings momentum ahead of the company's results. Bookings are expected to be $1.41 billion in the fourth quarter, up 25% year on year and approximately 3% higher than Wall Street projections, despite management's 20% growth guidance, which it considers unduly conservative. The firm also upgraded its full-year 2025 bookings and EBITDA projections by 1.4% and 6.3%, respectively, noting strong momentum and a predicted 1Q25 bookings range of $1.12 billion to $1.15 billion. Roblox Corporation (NYSE:RBLX) announced impressive Q3 results on October 31, 2024. Revenue was $919 million, up 29% from the previous year and above the $860 million to $885 million projection set at the end of Q2. In addition, virtual currency sales were estimated to have reached $1.13 billion, above predictions of $1 billion to $1.025 billion. SaltLight Capital stated the following regarding Roblox Corporation (NYSE:RBLX) in its Q3 2024 investor letter: 'Roblox Corporation (NYSE:RBLX) has firmly established itself as the dominant player in user-generated gaming within Western markets. Meanwhile, Tencent has developed a similar ecosystem in China with its WeChat Mini-games platform. Owning both gives us a unique vantage point to assess the evolving landscape of user-generated gaming platforms globally. Overall RBLX ranks 4th on our list of Cathie Wood's top stock picks for 2025. While we acknowledge the potential of RBLX as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RBLX but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
06-02-2025
- Business
- Yahoo
Twist Bioscience Corporation (TWST): Among Cathie Wood's Top Stock Picks for 2025
We recently compiled a list of the . In this article, we are going to take a look at where Twist Bioscience Corporation (NASDAQ:TWST) stands against the other stocks in Cathie Wood's portfolio. Cathie Wood is one of Wall Street's most contentious figures. She founded ARK Investment Management around ten years ago and has over three decades of experience in the financial sector, including a notable spell as chief investment officer of AllianceBernstein Holding LP's global thematic strategies unit. An 87.4% return in the fund, driven by a 1300% growth in Grayscale Bitcoin Trust, made it one of the fund's best years since its debut in 2017. This performance came about at a time when Bitcoin's price had reached a record high of $20,000. Cathie Wood's investing strategy is pretty straightforward: her ARK ETFs invest in developing high-tech firms in artificial intelligence, blockchain, medicinal technology, and robotics. Wood believes these firms can transform sectors, but their volatility causes significant fluctuations in ARK's valuations. Although supporters of Wood hail her as a tech visionary, her detractors call her a run-of-the-mill fund manager. Additionally, despite achieving a 153% return in 2020, her long-term performance has raised questions regarding the viability of her high-risk, high-reward investment style. With $6,269 million under management, the ARK Innovation ETF has returned an annualized 14.24% over the last five years and a 12.16% year-to-date. The Nasdaq Composite, on the other hand, has an average return of 106.84% over five years. Following recent changes in technology markets, Cathie Wood and her ARK research team released the yearly blockbuster report "Big Ideas 2025." Wood seems optimistic about the future of AI computing power and AI agents. She added that from the dawn of artificial intelligence in 2018, computer performance has multiplied 40 times, and by 2023, it will have exceeded 48 times. Computing performance is predicted to hit a new high by the end of this century, mainly due to the rapid growth of AI. Specifically, Cathie Wood believes that AI agents are the central subject of future development, with the potential to accelerate the adoption of digital applications and spark unfathomable changes in human-computer interaction. Narrowing it down to specific industries, these agents will also press for an increase in the use of digital wallets in e-commerce. According to ARK research, digital wallets powered by AI purchasing agents are gaining market share from traditional payment methods such as credit and debit cards, with digital wallets anticipated to account for 72% of all e-commerce transactions by 2030. Our Methodology For this article, we scanned ARK Investment Management's Q3 portfolio and chose its top 15 stock picks. The stocks are ranked in ascending order of the fund's stakes in them. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). A scientist holding a test tube in the lab, surrounded by equipment used in synthetic biology and drug discovery. ARK Investment Management's Q3 Stake Value: $242 million Number of Hedge Fund Holders: 24 Twist Bioscience Corporation (NASDAQ:TWST) is a synthetic biology startup that provides genetic testing upstream. Unlike other companies that manufacture medications and genetic testing products, the company supplies raw materials to the industry. The company also plans to industrialize biological engineering by developing a platform that synthesizes DNA on silicon rather than traditional, well-plastic plates. This platform makes use of a proprietary semiconductor-based synthetic DNA manufacturing process to generate high-quality synthetic DNA more quickly and affordably. Twist Bioscience's fiscal year 2024 ended on a relatively high note, with Q4 revenues up 27% to $84.7 million and annual revenue up 28% to $330 million. Additionally, according to the company's preliminary FY25 guidance, the Next Generation Sequencing (NGS) and Synthetic Biology (SynBio) sectors will account for much of the projected year-over-year revenue growth. Baird reaffirmed its bullish outlook for Twist Bioscience Corporation (NASDAQ:TWST) back in December, maintaining an Outperform rating and a $48 price target. The firm's observations were based on Twist Bioscience's Express Genes pricing premiums, which were tracked on a daily basis. The goal of this tracking is to determine how much demand exists for the company's synthetic gene services. The observed premiums suggest that the company's products are in high demand, especially in business and academia. Baird stated that while higher pricing premiums could be viewed positively, they were hesitant to apply the data directly to Twist Bioscience's total revenue or gross margin percentages. Overall TWST ranks 13th on our list of Cathie Wood's top stock picks for 2025. While we acknowledge the potential of TWST as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TWST but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
