In the dawn of Bitcoin’s infancy, when the world scoffed at its worth, our hero mined 8,000 coins, a treasure beyond measure. Yet, in a twist of fate most farcical, he cast aside the hard drive, sending it to its grave in Newport’s landfill. Oh, the folly of man! 😂
To put it in plain terms-imagine this: Five years ago, you decided to take a punt on Nvidia. You forked over $10,000-probably as a completely random decision based on nothing but a vaguely positive gut feeling, or perhaps because the name “Nvidia” sounds vaguely futuristic. Today, that humble sum of $10,000 would be worth approximately $160,000. That’s a 1,500% gain. A mere 1,500%. Now, if that doesn’t make your head spin like an overloaded GPU in the midst of an AI training session, I don’t know what will. And, naturally, we can all agree that no one ever seems to remember when people said things like, “It’s just a graphics card company; how could it possibly go that far?” (At least, no one who made that statement would probably care to admit it today.)
Trust me; I’m not here to preach to the choir about the virtues of speculative bets. But here are three pointed reasons that urge you to entertain the notion of cradling an armful of Bitcoin in your diversified portfolio before the ball drops on 2026.
Now, Bitcoin’s [BTC] little rally this week might be more akin to a game of musical chairs, where the music stops and there are fewer chairs than players. The supply on Binance is dwindling, and that could lead to some wild price swings ahead. Hold onto your hats, folks! 🎩
On a balmy Saturday, August 5, Pi Coin (PI) languished at $0.400, a whisker above its monthly nadir of $0.3198. A price so low, it’s practically paying *you* to ignore it. 💸😏
Now, what’s behind this jolly good show? Why, it’s the institutional types, of course, pouring their dosh into Ethereum Exchange-Traded Funds (ETFs) like there’s no tomorrow. Since July, these ETFs have gobbled up a cool $1.99 billion in net inflows. BlackRock’s ETHA ETF, the old sport, managed to snag $727 million in a single day-not too shabby, eh? Meanwhile, ETH reserves on centralized exchanges have dwindled to a mere 12.3 million, the lowest since 2018. Seems the chaps are holding tight, no selling pressure in sight. 🤑
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And would you believe it, Sea Limited’s earnings shone brighter than a diamond, beating those stodgy analysts with a $0.65 per share figure-an overachiever, up 40% this year, darling! Meanwhile, Philip Morris, that cuddly old tobacco titan, got a hefty boost of $2.04 billion. Who said quitting smoking was passé? Not these folks-PM is up 80% and still paying dividends faster than a gossip columnist at a tabloid gossip fest.
Yet, dear investors, tread carefully. Many of these elaborate productions turned out to be less than stellar. Among the newly listed space stocks, the post-IPO plunge-oh, the sheer audacity-plunged to dizzying lows, with some daring to lose as much as 90% by 2022. Once singed, the investors grew hesitant, averting their gazes from not just SPACs but the entire celestial wonder that is the space industry.
In a recent tête-à-tête with his 83,700 adoring YouTube followers, Svenson suggests that Bitcoin might just ascend another 30% from its current perch. Oh, what a climb! 🌟