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  • Dec 30, 2024

BlackRock’s bitcoin fund became ‘greatest launch in ETF history’

(Bloomberg) -- BlackRock Inc.’s iShares unit offers more than 1,400 exchange-traded funds around the world, yet none of them have performed quite like this.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024The iShares Bitcoin Trust (ticker IBIT) smashed industry records in its launch year of 2024. In just 11 months, it grew to a behemoth with more than $50 billion in assets. Simply put, no ETF has ever had a better debut.IBIT’s size swelled to the equivalent of

  • Dec 30, 2024

Carlos Slim invested $1 billion in 2024 to supercharge oil bets

(Bloomberg) -- Carlos Slim, Latin America’s richest man, plowed $1 billion this year into growing his crude-oil producing and refining portfolio in a bet that demand for fossil fuels isn’t going away anytime soon.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Slim, 84, made his fortune largely by building the telecom behemoth America Movil SAB, but has diversified in recent years into other assets including the oil investments, real estate in Spain and a new

  • Dec 30, 2024

Canadians are growing pessimistic about economy ahead of Trump’s return

(Bloomberg) -- Canadians are less optimistic about the direction of their economy than they’ve been in more than a year, as Donald Trump’s tariff threats create uncertainty for one of the largest US trading partners. Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on weekly polling, extended its declines to reach 49.08, the lowest level since November 2023. A reading below 50 indicates

  • Dec 30, 2024

EXCLUSIVE: Janover To Accept Bitcoin Payments And Consider Crypto For Treasury Allocation

On Monday, Janover Inc (NASDAQ:JNVR) announced it will begin accepting payments in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL) for select services. The company's decision aligns with the increasing support for digital assets in domestic policy and broader financial markets. Chairman and CEO Blake Janover flagged the broadening acceptance and potential for digital currencies like Bitcoin, citing companies like MicroStrategy Inc (NASDAQ:MSTR) that have successfully tapp

  • Dec 30, 2024

How Likely Is the Strategic Bitcoin Reserve and How Could It Impact Bitcoin's Price?

Thanks to this year's rally in Bitcoin (CRYPTO: BTC), which recently broke through the $100,000 price level, the concept of a strategic Bitcoin reserve has rapidly transformed from an arcane campaign issue into an economic idea worthy of serious consideration. From a conceptual standpoint, the strategic Bitcoin reserve is similar to the Strategic Petroleum Reserve, created in 1975 in response to the energy crisis of that era. According to Michael Saylor, founder and Executive Chairman of MicroStrategy, the strategic Bitcoin reserve would help stabilize the U.S. economy, strengthen the U.S. dollar, and establish the U.S. as the global leader in the digital economy.

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