Share to Twitter Share to Linkedin Bitcoin BTC has found its feet this year after a rocky 2022 that saw a steep price crash and the emergence of serious regulatory concerns . Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster The bitcoin price has climbed to around $28,000 per bitcoin, up from under $17,000 at the beginning of the year. The combined bitcoin, ethereum and crypto market has added over $300 billion amid rising expectations of a Federal Reserve u-turn and institutional financial giants quietly expanding into crypto . Now, some of the biggest bitcoin, ethereum and crypto bulls are predicting the ongoing banking crisis that's spread to German giant Deutsche Bank could have primed bitcoin for a fresh break out. It's at the beginning of a bull run you need up-to-date information the most! Sign up now for the free … [Read more...] about ‘Massive Shock’—New Bank Crisis And $300 Billion Fed Pump Has Primed Bitcoin After Huge Crypto And Ethereum Price Rally
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Bongbong Marcos promises no food imports to stabilize prices
FILE PHOTO: President Ferdinand “Bongbong” Marcos Jr., during the inauguration ceremony at the National Museum in Manila, Philippines, June 30, 2022. REUTERS/Eloisa Lopez/File Photo MANILA, Philippines — President Ferdinand Marcos Jr. assured Filipinos Tuesday that the government would not import raw products just to stabilize prices in the local market. In a press briefing after his first Cabinet meeting, Marcos Jr. was asked if importing goods like rice, corn, and livestock was meant to stabilize prices. In response, the Chief Executive admitted that while importation is a price stabilization measure, it is not the reason why they will import goods. However, Marcos Jr. said they really want to increase production for the next two quarters. “Importation has been used as a price stabilization measure, I don’t think that is the primary reason for the importation that we’ll do as a matter of fact we are going to try, I think we will do it in the Department of Agriculture, to … [Read more...] about Bongbong Marcos promises no food imports to stabilize prices
PXG’s Newest Driver Debuts With Surprising Price Tag
Share to Twitter Share to Linkedin The newest driver in PXG’s flagship 0311 line of golf clubs is making its debut with a couple of notable differentiators. The first is price tag. When PXG released its first clubs back in 2015, the brand was known for the high price points that accompanied its high-tech offerings. As the company has grown and evolved over the years, it’s been able to offer a wider range of products at a variety of price points — taking advantage of economies of scale and more efficient manufacturing processes. While still pigeon-holed by many golfers as a “pricey” equipment company, it’s notable that PXG’s 0311 GEN6 driver made from a high-strength, proprietary titanium alloy has a retail price of about $500. That’s about $100 less than the newest driver offerings from many of the other top club manufacturers in the industry. Also of note, PXG launched its newest GEN6 clubs — driver, fairway woods, hybrids and irons — in … [Read more...] about PXG’s Newest Driver Debuts With Surprising Price Tag
Lower Prices, New Offerings On The Menu For Brewers Fans This Season
Share to Twitter Share to Linkedin With a week to go before the annual Home Opener, the Milwaukee Brewers announced that fans attending games at American Family Field this season will be able to enjoy a handful of new concession items while saving a few bucks on some popular favorites. The price of a 16-ounce domestic beer highlights the list of 11 concession items that will receive a price cut of up to 15% this season, according to president of business operations Rick Schlesinger. In addition, 12 of the ballparks concession stands will offer a new “414 Value Menu,” featuring four items — junior hot dogs, junior nachos, a box of Cracker Jack and small sodas — that cost $4 each. The goal, Schlesinger said at a Monday press conference, was to provide variety, quality and quantity for fans while also trying to make the game day experience affordable for everyone. “We don’t want anybody to say they can’t come to a Brewers game because of the price,” … [Read more...] about Lower Prices, New Offerings On The Menu For Brewers Fans This Season
MicroStrategy’s $150 Million Of Bitcoin Purchases Catch Rally, Jump 18%
Share to Twitter Share to Linkedin MicroStrategy added $150 million worth of bitcoin to its stash at an average price per coin of $23,238 in February and March, generating an 18% gain over the past few weeks. The Tysons Corner, Virginia-based company sold equity to pay for the crypto and also to extinguish debt to Silvergate Bank. The business-software maker and bitcoin investor also freed up 34,619 bitcoins (BTC) of collateral used to back a $161 million term loan, according to a filing with the U.S. Securities and Exchange Commission, by repaying Silvergate, the crypto-focused bank based in La Jolla, California that is winding up its business after a run on deposits. The floating-rate loan was scheduled to mature in March 2025 and bore interest at a rate of 8.27% a year as of Friday, when the payoff was executed. The most recent purchases of 6,455 bitcoins brought MicroStrategy’s holdings to about 138,955 BTC, worth $4.14 billion and acquired at an … [Read more...] about MicroStrategy’s $150 Million Of Bitcoin Purchases Catch Rally, Jump 18%
Bitcoin ‘Maximalist’ Saylor Makes Crypto His Only Job
Share to Twitter Share to Linkedin Michael Saylor’s new job looks a lot like his old job: adding bitcoin to the balance sheet of his business-software company with religious fervor. “I'm a bitcoin maximalist, I happen to believe that bitcoin is an instrument of economic empowerment, it'll be beneficial to eight billion people,” Saylor told Forbes in an interview. “I also happen to believe that bitcoin is unique,” he continues, because of “the Immaculate Conception, decentralization, and its commodity status. All of these things make it the superior asset in the space.” The Immaculate Conception he means is the founding of bitcoin, as explained in a 2008 white paper by one or more people using the name Satoshi Nakamoto. Saylor stated that bitcoin is the only crypto asset which is truly decentralized and without an issuer. He backs bitcoin as a corporate investment in part because he believes there is regulatory agreement among U.S. regulators that bitcoin … [Read more...] about Bitcoin ‘Maximalist’ Saylor Makes Crypto His Only Job
How Investors Can Navigate Banking Uncertainty As Deutsche Bank, First Citizens Bank And First Republic Bank Stock Seesaws
Share to Twitter Share to Linkedin Key takeaways Bank stocks sold off heavily last week, as nervous investors ran for the exits over - well, basically nothing With no fundamental reasons for the sell off, they’ve rebounded swiftly on Monday First Citizens Bank is up over 45%, on news that it has acquired over $72 billion of assets from collapsed Silicon Valley Bank, at a discount of $16.5 billion After the collapse of Silicon Valley Bank and Signature Bank, as well as the weekend fire sale of Credit Suisse to rival UBS, Deutsche Bank was in the headlines last week as the latest in the financial sector to come under pressure. There have been numerous analysts and public commentators expressing concerns over the banking sector, worried about whether the initial collapses were a sign of a financial crisis brewing underneath the surface. As well as large banks like Deutsche Bank, regional banks have been hit particularly hard. First … [Read more...] about How Investors Can Navigate Banking Uncertainty As Deutsche Bank, First Citizens Bank And First Republic Bank Stock Seesaws
Putting The 2022 Stock Market Decline In Perspective
Share to Twitter Share to Linkedin Jonathan Dash is founder of Dash Investments . As CIO, he is responsible for the firm’s Investment Management and Asset Allocation decisions. Last year's stock market performance was not what anyone would have wanted, but it was to be expected. For those keeping score, it was the largest yearly decline since 2008 . That could be catastrophic for someone who initially invested in January 2022 with just a one-year time horizon. But most investors don't invest for a one-year period. They invest with their sights set on a long-term goal 10, 20 or 30 years out. But even for someone who started investing just three years ago, their average annual return at the end of 2022 would have been 8.22% . For someone who began five years ago, their average annual return would have been 9.11% . A 10-year horizon ending in 2022 would have generated a 12.4% average annual return. You see where I'm going with this. In a … [Read more...] about Putting The 2022 Stock Market Decline In Perspective
Tech Companies Big And Small Look To Include AI Technology And Crypto Picks Up Big Gains – Forbes AI Newsletter March 25th
Share to Twitter Share to Linkedin TL;DR The Fed elected to raise base interest rates by 0.25 percentage points, sticking to the script despite financial uncertainty from the collapse of Silicon Valley Bank and Signature Bank AI continues to make headlines as both big and small tech companies release new products and features almost daily Crypto has been quietly picking up big gains, and some believe the current financial wobbles could mean it has further to run Top weekly and monthly trades Subscribe to the Forbes AI newsletter to stay in the loop and get our AI-backed investing insights, latest news and more delivered directly to your inbox every weekend. And download Q.ai today for access to AI-powered investment strategies. Major events that could affect your portfolio A month ago, it was all but guaranteed that the Fed would be raising rates by 0.25 percentage points in their March meeting. Some analysts were even … [Read more...] about Tech Companies Big And Small Look To Include AI Technology And Crypto Picks Up Big Gains – Forbes AI Newsletter March 25th
MicroStrategy Sticks With Long-Term Bitcoin Strategy But Uses Short-Term Sale For Tax Benefit
Share to Twitter Share to Linkedin MicroStrategy MSTR , the business-software company that has a thing for bitcoin still loves the cryptocurrency even though it sold some for tax purposes last month, employing a tactic that could help other long-term fans ease the pain from the asset’s months-long slide. As part of a flurry of late-year transactions, MicroStrategy sold about 704 bitcoins at an average price of $16,776 on December 22, the first time the company had divested any holdings of the leading cryptocurrency. But that followed purchases of about 2,395 tokens for about $17,871 each from November 1-December 21. The company said in an SEC filing that it planned to use losses generated by the sale to diminish previous capital gains, which could result in tax benefits. It also said it turned around and bought 810 bitcoins on December 22 at about $16,485 each, meaning MicroStrategy had a net increase of about 2,501 in its bitcoin hoard since the … [Read more...] about MicroStrategy Sticks With Long-Term Bitcoin Strategy But Uses Short-Term Sale For Tax Benefit