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Yahoo
01-08-2025
- Business
- Yahoo
Why ethereum is suddenly beating bitcoin
The world's most popular crypto is being outdone by its second closest competitor in recent weeks. Ethereum is up about 54% over the last month, ahead of bitcoin's 10% gain. Here's what's behind the rally in the world's second-largest cryptocurrency. The world's most popular cryptocurrency is being outdone by its closest competitor in the last few weeks. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Bitcoin has rallied to record highs in recent months, but its performance has lagged behind ethereum. Ethereum's price is up 54% over the last month, compared to bitcoin's 10% increase. Zack Shapiro, an attorney at the Bitcoin Policy Institute, told BI there were a handful of reasons ethereum has pulled ahead in recent weeks. "I think a lot of it is that it's a speculation trade," he said of ethereum's latest rally. "Long term, we have to see." Here are some of the things Shapiro thinks are driving the fervor for ethereum. Bullish for stablecoins Markets are enthusiastic about stablecoins after the passing of the GENIUS Act, the Senate's landmark bill that sets the terms surrounding stablecoin regulation and opens the door for more issuers to mint their own fiat-backed tokens. Tether, USD Coin, Binance USD, and other top stablecoins on the crypto market are issued on the Ethereum network. "People think that stablecoins might proliferate a lot more. Maybe some of those stablecoins will be on ethereum," Shapiro said of the market's psychology. Retail giants like Walmart and Amazon are reportedly considering their own stablecoins, and using the tokens for retail payments would be a "big breakthrough" for the market, according to Apollo chief economist Torsten Sløk. Support from ETFs Shapiro says institutional investors have also recently offered ethereum ETFs, another factor driving inflows into the token. BlackRock, Fidelity, and Grayscale are among the firms that now offer a spot ethereum ETF. BlackRock's iShares Ethereum Trust ETF is up 48.9% over the last month. Fidelity's Ethereum Fund is up 33.1%, while Grayscale's Ethereum Mini Trust ETF is up 49.2% over that time frame. Cumulative spot ethereum ETF volumes rose to $123.5 billion as of Wednesday, according to data compiled by The Block. Corporate buyers Corporate crypto treasuries have also proliferated in 2025, and recently, many have been scooping up ethereum. Bitmine Immersion, one such crypto treasury, said last week it raised its ethereum holdings to over $2 billion. The Ether Machine, another crypto treasury firm, said on Wednesday that its total ethereum holdings had climbed to $56.9 million. "Those vehicles are out there buying ethereum. And so that could also be additional buy-pressure that's moving up the price," Shapiro said. Shapiro isn't certain that the momentum will last for ethereum. He believes much of the hype for the coin in recent weeks has to do with excitement and uncertainty over ethereum's potential catalysts. The crypto's rally could lose steam once more regulatory details are solidified, he said. He pointed in particular to the CLARITY Act, the crypto market structure bill that's awaiting approval in Congress. "Is the market structure bill going to pass? Are these sort of crypto primitives going to find product market fit in the market? And then is Ethereum, as opposed to other blockchain systems, going to be the winner from that?" Shapiro said. "I would personally probably sell the news." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-07-2025
- Business
- Yahoo
Grant Cardone says 1 asset will replace gold
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. As a real estate mogul, Grant Cardone has long championed the advantages of real estate investing. However, in recent years, Cardone has been quietly building his position in a completely different asset — one he believes holds tremendous potential for growth. 'I've been investing in Bitcoin (BTC) since 2013 and consistently adding to my position quietly, even as recently as last week and today when BTC hit $106,000,' he wrote in a Dec. 17 email to Moneywise. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Cardone's conviction stems from his vision of Bitcoin's future role in the global financial landscape. 'My belief is BTC will eventually replace gold, and possibly be on the U.S. balance sheet and at least adopted as an alternative to treasury bills, savings accounts, ETFs and diversified mutual funds,' he explained. He further pointed out that this idea isn't far-fetched, noting that the Bitcoin Policy Institute has drafted an Executive Order for a Strategic Bitcoin Reserve for President Donald Trump. Once considered a niche asset, Bitcoin has surged into the mainstream, with its price skyrocketing 120% in 2024 alone. The cryptocurrency has also caught the attention of policymakers, including Trump, who sees its strategic potential. 'We're going to do something great with crypto because we don't want China, or anybody else … but others are embracing it, and we want to be ahead,' Trump told CNBC's Jim Cramer in December. How high can it go? One reason Bitcoin attracts crypto enthusiasts is its built-in scarcity, often earning it the nickname 'digital gold.' Unlike fiat currencies, which can be printed in unlimited quantities by central banks, Bitcoin's supply is capped at 21 million coins, a limit enforced by its underlying mathematical algorithms. This scarcity has fueled its reputation as a hedge against inflation. Over the years, Bitcoin proponents have made bold predictions about its future price. In his email to Moneywise, Cardone shared his own projections for the cryptocurrency's potential growth in the coming years. 'A conservative model project BTC prices of: $150,000 - 180,000 in 2025, $300,000 within 36 months, $600,000 at 60 months, and $1 million at 72 months,' he stated. Reaching the $1 million mark would represent an extraordinary upside of approximately 843% from Bitcoin's recent levels. Gemini is a full-reserve and regulated cryptocurrency exchange and custodian, which allows users to buy, sell and store bitcoin and 70 other cryptocurrencies. You can place instant, recurring and limit buys on their growing and vetted list of available cryptos. But if you're not ready to buy just yet, you can still invest in crypto with their Gemini credit card. Read more: BlackRock CEO Larry Fink has an important message for the next wave of American retirees — Real estate isn't forgotten While Bitcoin's ascent has drawn plenty of attention, its journey to current levels hasn't been without significant pullbacks. To address this, Cardone is launching a hybrid fund that aims to balance the risks and rewards of cryptocurrency with the stability of real estate. 'Our conservative models, using historical performances, suggest we can use real estate to mitigate volatility by pairing BTC and institutional-quality, cash-flow-positive real estate together,' Cardone explained in his email. 'We're purchasing 10 institutional-grade properties in prime locations, all of which generate positive cash flow and will benefit from rental growth over the next 48 to 72 months.' Cardone's strategy involves using the dollar-cost averaging method to incorporate Bitcoin, funded by the monthly cash flow generated from these properties. He says this approach combines the best attributes of both asset classes: 'time-tested, institutional-grade real estate and the high-growth potential of Bitcoin.' Real estate remains a cornerstone of wealth building for many investors. Rental properties can not only provide a steady stream of passive income but also offer the potential for long-term appreciation and act as a tangible hedge against inflation, as property values often rise in tandem with the increasing costs of raw materials, labor and land. Crowdfunding platforms like Arrived have made it easier for average Americans to invest in rental properties without the need for a hefty down payment or the burden of property management. With Arrived, you can invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants. The process is simple: browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you'd like to purchase, and then sit back as you start receiving rental income deposits from your investment. Another option is First National Realty Partners (FNRP), which targets necessity-based commercial real estate. The platform lets accredited investors own a share of institutional-quality properties leased by national brands like Whole Foods, CVS, Kroger and Walmart. Investors can enjoy the potential to collect stable, grocery store-anchored income every quarter. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
CNBC
16-07-2025
- Business
- CNBC
Bitcoin climbs as crypto regulation bills stumble in Congress: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin climbed after the House approved a procedural vote to consider three key crypto regulation bills after GOP lawmakers halted their passage the day before. Plus, Zack Shapiro, head of policy at the Bitcoin Policy Institute, breaks down the three crypto-related bills currently sitting in the U.S. House of Representatives.
Yahoo
26-06-2025
- Business
- Yahoo
Leading Crypto Senator Sees End of Year as U.S. Legislation Target
WASHINGTON, D.C. — In the wake of the U.S. Senate passing its first major crypto bill, one of the industry chief proponents there, Senator Cynthia Lummis, said the final step toward U.S. regulations for the crypto sector may take several more months to complete, potentially skipping past the August deadline set by President Donald Trump. The Senate's recent approval of stablecoin legislation is just one of many steps that potentially remain in turning two related efforts — also including the push toward new rules to govern U.S. digital asset markets — into U.S. law. When asked for a realistic timeline on this year's crypto efforts, Lummis told a Bitcoin Policy Institute audience in Washington, "I think before the end of this calendar year" for finishing all of the related legislation. The Wyoming Republican said she'd be "extremely disappointed" if that wasn't the case. "We're in a good place," she said at the Wednesday event. But the chairwoman of the Senate Banking Committee's digital assets subcommittee also led a hearing on Tuesday to make a first foray into discussion of market structure legislation in that chamber, acknowledging it won't be easy. She hinted at the delicacy of the bipartisan wave that helped drive 18 Democratic votes (for 68 total) on the stablecoin bill last week, which she equated to "a tooth-pulling exercise." At her Tuesday hearing, a shortage of Democrats showed up to question witnesses, and she made some remarks at the end revealing her awareness the parties are approaching the effort differently. "I don't want to come up with a piece of legislation that the other side of the aisle feels they haven't had adequate input in, and so that is going to require maybe me to go out of my way to pursue additional discussions directly with the other side of the aisle," she said, questioning how the pursuit of crypto legislation became divisive. "It was very bipartisan then and now it seems not to be, and I don't understand what's changed, at least with regard to this topic." Some Democratic lawmakers have demanded that Congress needs to insist in these bills that senior government officials, including the president, not be allowed to directly engage in crypto businesses. While Republican lawmakers have generally shied away from openly discussing the criticism that Trump's involvement amounts to federal government corruption, Lummis nodded toward that view on Tuesday. "Maybe this is about concern that certain people that have family members in the administration are going to be advantaged in some way by what we're doing," she said. "I don't want that to be the case. I want everybody to be advantaged." She noted at the Wednesday event that there was — at one point of the stablecoin debate in the Senate — a setback with the Democratic supporters, who hit the brakes to criticize some of the bill's security provisions and also the potential conflicts of Trump's personal crypto interests. Those Democrats, including Senator Ruben Gallego, did come around later. But it's so far unclear how much those lawmakers will press for the market structure effort to ban government officials from crypto and whether that would be a deal breaker for Republicans. At this point, the U.S. House of Representatives has been in the lead on crypto market structure, having passed its Digital Asset Market Clarity Act from two committees on its way toward the House floor. But it now has to fix on a strategy for how it may or may not fold the stablecoin effort into that bill or pursue it separately. One option is to simply sign off on the Senate's Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which would send that piece to Trump more immediately, as he requested in a recent social-media post. The Senate remains the highest hurdle for U.S. legislation, so any House successes will run into the need to win wide Democratic support in the Senate.
Yahoo
29-05-2025
- Business
- Yahoo
First major city to potentially launch shocking new financial instrument
New York City could become the first U.S. city to introduce Bitcoin-backed bonds — or 'BitBonds' — if Mayor Eric Adams gets his way. 'It is time for the first time in the history of this city to have a financial instrument that is made for those who are holders of Bitcoin,' Adams said during his speech at the Bitcoin 2025 conference in Las Vegas on Wednesday. 'We need to have a BitBond, and I am going to push and fight to get a BitBond in New York so you can do those same bond investments in New York City,' he added. The mayor's remarks follow growing momentum behind the BitBond concept, first outlined by the Bitcoin Policy Institute (BPI) earlier this year. BPI envisions the product as a hybrid: a fixed-income instrument that also gives investors upside from Bitcoin's appreciation. In theory, BitBonds would offer investors a small yield from interest payments and additional gains if Bitcoin's price rises. BPI said such a product could help implement a strategic Bitcoin reserve while easing the long-term burden of U.S. debt repayments. Adams' comments come weeks after former U.S. President Donald Trump signed an executive order establishing a U.S. Strategic Bitcoin Reserve and directed officials to find 'budget-neutral' ways to acquire more BTC without selling the roughly 200,000 coins the government already holds. On the regulatory front, Adams also took aim at the state's crypto licensing framework. 'Let's get rid of the Bitcoin license and allow us to have the free flow of Bitcoin in our city,' he said, referencing the NYDFS BitLicense program, which has long been criticized for its strict requirements. Adams has consistently championed crypto adoption in New York, including pledging to take his first three paychecks in Bitcoin and hosting the city's first-ever 'crypto summit' earlier this month. Bitcoin (BTC) is currently trading at $107,326, up 1.4% in the past 24 hours. The 24-hour price range is $107,107 to $109,127. As per Kraken's price feeds, BTC is up 57.1% over the past year. First major city to potentially launch shocking new financial instrument first appeared on TheStreet on May 28, 2025
