Brian Kelly, founder and CEO of Brian Kelly Capital, shared his insights on the future of Bitcoin following its recent halving on CNBC’s ‘Fast Money’.
Results for: Investment
AGBA Group Holding Limited (AGBA) shares continued their upward trajectory on Monday, fueled by the company’s recent announcement of a definitive merger agreement with Triller Corp. The deal values the combined company at approximately $4 billion and will see Triller become a wholly-owned subsidiary of AGBA. Agba stockholders will own 20% of the combined entity, while Triller stockholders will hold the remaining 80% stake.
Warrantee Inc. (WRNT) shares plummeted by 29% on Monday after the company received a Nasdaq delisting determination letter. The Nasdaq notified the company on April 15 that its securities would be delisted due to failure to meet the minimum bid price requirement. Warrantee has until April 10, 2024, to rectify the issue and plans to appeal the decision. The company is considering various options, including a reverse stock split. Investors interested in participating in the market for Warrantee can buy shares through a brokerage account, even in fractional amounts, or explore more complex options such as shorting or trading options.
Alberta Investment Management Corp. (AIMCo) has reported a net return of 8.0% for 2023, falling short of its benchmark return of 9.3%. The investment manager experienced varying returns across its asset classes, with public equity investments performing well at 15.8%. However, losses in real estate (-8.4%) weighed on overall performance.
While gold is often seen as a safe haven during geopolitical turmoil, recent events suggest that cryptocurrencies may actually be a better investment. In the past decade, cryptos have surged during times of conflict, such as the COVID-19 pandemic, the 2016 US presidential election, and tensions in the Middle East. This trend is likely to continue as tensions flare between Israel and Hamas and political tensions rise in the US. The upcoming Fourth Bitcoin Halving, which reduces the supply of new BTC, is expected to further fuel the crypto bull market.
GID, a leading real estate investment and management firm, has acquired Beltway Northwest, a 299,000-square-foot industrial portfolio in the Northwest submarket of Houston, Texas. The fully leased property comprises five buildings equipped with 62 dock-high doors, 18 drive-in doors, and clear heights ranging from 17 to 24 feet.
MicroStrategy shares are soaring on Monday following the fourth halving event of Bitcoin, which is seen as a catalyst for the cryptocurrency’s price due to decreased selling pressure. The company, which holds over 214,000 Bitcoin, believes the halving will drive up the price.
The federal government and Ontario will announce a multibillion-dollar deal with Honda Motor Co. Ltd. this week in a move that will create a comprehensive electric vehicle chain in the province. The agreement includes a battery manufacturing facility, a retooled car assembly plant, and facilities for cathode materials and separator components. The investment is expected to surpass other electric-vehicle deals in Ontario, including the $7-billion Volkswagen EV plant in St. Thomas, Ont.
Dogecoin creator Billy Markus recently posed a hypothetical question: if given $1 million to invest in gold, Bitcoin, the S&P 500, or real estate for 10 years, which would you pick? While Markus didn’t reveal his personal choice, a poll showed Bitcoin as the favorite among investors. Despite its lack of inclusion in the poll, Dogecoin’s playful origins and Markus’ minimal Bitcoin holdings hint at his preference for caution.