Latest news with #KobeissiLetter
Yahoo
7 days ago
- Business
- Yahoo
Bitcoin Is 'Too Big To Ignore'—Even For Wall Street's Biggest Players
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Kobeissi Letter has said Bitcoin has become "too big to ignore.' 'Simply put, institutional capital can no longer ignore the returns that Bitcoin is providing,' the market analysis platform run by prominent market commentator Adam Kobeissi said Tuesday on X. 'When an asset provides a return of 90% in one year, it can be ruled an 'outlier.' However, when an asset provides a 90% CAGR for 13 years (Bitcoin), it can no longer be ignored.' Kobeissi said that now, even conservative asset managers were allocating at least 1% of their assets under management to Bitcoin, citing conversations at The State of Crypto Summit 2025 hosted by Coinbase (NASDAQ:COIN) in June. They added that any remaining reservations these fund managers may have had were taken away with the cryptocurrency sector's newfound government support. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Higher Bitcoin Prices Programmed? Kobeissi estimated that an additional $300 billion could flow into Bitcoin if 1% of U.S. institutional capital, estimated to be around $31 trillion, was allocated to Bitcoin. The figure is nearly 10 times the $38 billion in inflows the asset received from spot Bitcoin exchange-traded funds in 2024, which helped it to an impressive 150% run. The case for Bitcoin becomes even more appealing if one assumes that not just U.S. funds are allocating to the asset. Kobeissi said in a scenario where global funds allocate 1% to Bitcoin, about $1 trillion could flow into the asset. Already, Bitcoin is up 28% year-to-date, the best-performing asset of 2025 so far, marginally edging gold's 27%. The asset's outperformance comes amid outsized demand from institutions and public corporations. As recently highlighted by Bitwise investment chief Matt Hougan, spot Bitcoin ETFs alone are gobbling up thousands of BTC daily, while the network is only producing roughly 450 BTC daily. Trending: New to crypto? on Coinbase. Meanwhile, public corporations led by MicroStrategy (NASDAQ:MSTR) continue to aggressively accumulate the asset as well. On Monday, the firm announced that it had added 4,225 BTC worth nearly $500 million to its holdings, bringing its total stash close to 602,000 BTC worth over $70 billion. Amid these trends, analysts at Bernstein and Bitwise see Bitcoin topping $200,000 by year-end. At last look, the asset is trading near $120,000. 'You may call us 'believers' but we suspect we may have crossed the 'belief' stage,' Bernstein Global Digital Assets Senior Analyst Gautam Chhugani said in a Monday note. 'I think it has a long way to go,' Hougan told CNBC last week. 'I think it could end the year closer to $200,000. So I would get used to this story of new all-time highs.' Meanwhile, Bitcoin's fundamentals are likely to benefit from House approvals of the GENIUS, CLARITY and the Anti-CBDC Surveillance State acts. Hougan said in a Monday note that the passage of these key cryptocurrency bills in the House would mark a new era for cryptocurrencies by minimizing risk, which would encourage Wall Street to fully jump in. Read Next: A must-have for all crypto enthusiasts: . Accredited investors can —with up to 120% bonus shares—before this Uber-style disruption hits the public markets Image: Shutterstock This article Bitcoin Is 'Too Big To Ignore'—Even For Wall Street's Biggest Players originally appeared on Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Express Tribune
15-07-2025
- Business
- Express Tribune
Nvidia to resume China chip sales amid shifting US export policy
Nvidia has confirmed it is filing applications to restart sales of its H20 artificial intelligence chips to China, following months of shifting US export rules. The move, confirmed through a blog post on Nvidia's website, comes after the Trump administration reversed restrictions imposed earlier this year, opening the door for resumed trade. The company expects to secure US government licences soon and begin deliveries shortly after. It has also announced a new chip, the 'RTX Pro,' designed specifically for the Chinese market and said to comply fully with current export regulations. Nvidia describes the chip as optimised for digital manufacturing, including logistics and smart factory systems. Though not its most advanced processor, the H20 is the most powerful chip Nvidia can legally sell to China under existing rules. Built for inference tasks (the operation of trained AI models) the chip is favoured for its superior memory bandwidth and seamless integration with Nvidia's established software ecosystem. The company's stock also skyrocketed, surging to a new record after the announcement was made. BREAKING: Nvidia stock, $NVDA, surges to a record $170/share in overnight trading after announcing H20 chip sales to China will resume. Nvidia also announces a fully compliant GPU for China. This company just keeps on evolving. — The Kobeissi Letter (@KobeissiLetter) July 15, 2025 Chinese technology firms including ByteDance, Alibaba and Tencent had stockpiled the H20 in early 2025 amid fears of impending restrictions, according to GuruFocus. The chip's popularity, coupled with its performance, meant Nvidia stood to lose as much as $16 billion in revenue when the initial ban was enforced in April. The reversal came weeks after Nvidia CEO Jensen Huang attended a $1 million-per-seat fundraising dinner at former President Donald Trump's Mar-a-Lago resort. According to NPR, the White House softened its stance following Huang's commitment to invest heavily in US-based infrastructure. Nvidia subsequently announced a plan to build domestic AI data centres worth up to $500 billion over four years, in partnership with TSMC. Critics in Washington have questioned the consistency of US policy, warning that easing restrictions could erode efforts to limit China's AI capabilities. Concerns have grown following breakthroughs by Chinese startups like DeepSeek, which trained an advanced AI model earlier this year using Nvidia's H800 chips — a product banned since 2023 but still reportedly reaching China through alternative channels. In the blog post, Nvidia spokesperson Hector Marinez said Huang had been engaging with officials in both Washington and Beijing to highlight the benefits of AI for industry and society. The episode illustrates the competing pressures facing US policymakers as they navigate national security concerns and economic interests. With geopolitical tensions continuing to shape the tech landscape, further shifts in policy appear likely.
Yahoo
10-07-2025
- Business
- Yahoo
Is China Dodging US Tariffs? Direct Exports To America Plunge 43% As Vietnam And Indonesia See Big Spurts: Report
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. China's exports to the United States have plunged over 43% year-over-year in May, representing a $15 billion drop in trade value, yet at the same time, China's total exports have increased 4.8%, according to official figures, despite the trade and tariff-related turbulence. What Happened: On Monday, in a post on X, The Kobeissi Letter shared the latest trade data coming in official Chinese sources, hinting at the rerouting of goods to circumvent the current U.S. trade and tariff regime. The post notes that exports to the Association of Southeast Asian Nations (ASEAN) rose 15% year-over-year during the month, while shipments to the European Union climbed 12%. Meanwhile, there was a 30% spike in Chinese exports routed through Vietnam, and a similar 25% increase via Indonesia. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — These figures have since fueled speculations that China is shifting its trade strategy, rerouting exports through regional partners to maintain global market access while reducing direct exposure to U.S. tariffs. This comes amid growing efforts made by the U.S. Government to close potential backdoors for Chinese goods. The recent trade deal with Vietnam, which involved a 40% tariff on rerouted goods, is largely aimed at the same, and is thus being seen as a 'proxy trade war' with China. Why It Matters: Economists believe that President Donald Trump's 40% tariff on rerouted goods from Vietnam could warrant backlash from China, with economist Rana Sajedi saying that it might be seen as a direct challenge, leading to targeted trade measures. The U.S. has also been urging Vietnam to reduce its reliance on Chinese technologies that are used in the production of goods that are later exported. Experts have long viewed tariffs as an opportunity for rerouting and transshipment, rather than a threat. 'During 2018-19 when similar tariffs were put into effect, cargo was rerouted through Southeast Asia, Mexico and Europe, and a similar pattern is emerging now,' says Moritz Fuhrmann, the Co-CEO of MPC Container Ships ASA (OTC:MPZZF). Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share Arrived Home's Private Credit Fund's has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Photo courtesy: / This article Is China Dodging US Tariffs? Direct Exports To America Plunge 43% As Vietnam And Indonesia See Big Spurts: Report originally appeared on
Yahoo
25-05-2025
- Business
- Yahoo
Trump May 'Want' A Recession: Market Observer Says It Serves His Economic Agenda—Lower Rates, Oil Prices, And Trade Deficit
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A viral post on X speculates that President Donald Trump might see a strategic upside in a recession. What Happened: On Thursday, popular newsletter, The Kobeissi Letter, posted on X, drawing parallels between Trump's economic agenda and the current state of the markets and the broader macro-environment.'In a way, President Trump may actually want a recession,' the post says. 'A recession achieves most of Trump's economic goals at once,' referring to his campaign promises of low inflation, treasury yields, a reduction in trade deficits, a rate cut by the Federal Reserve, and lower oil prices. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — The post comes amid soaring U.S. Treasury Yields, with 30-Year yields at 5.04%, the 20-Year at 5.05%, and the 10-Year note at 4.53%. On Wednesday, the sale of $16 billion worth of 20-Year Treasury notes saw weak demand, marking a new low for U.S. Government bonds and rattling equity markets this week. The SPDR S&P 500 Trust ETF (NYSE:SPY) is down 0.85%, followed by the Invesco QQQ Trust (NASDAQ:QQQ), which tracks the Nasdaq, and the SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA), both down 0.11% and 1.16%, respectively, this week so far. The post says the Trump team may be recalibrating its messaging strategy after 'realizing the trade deal headlines won't work anymore.' 'A recession may be the 'best' solution after years of inflation and 'free' money,' the thread concludes, while quoting a chart showing the S&P 500's nearly 80-point decline in a span of 30 minutes, without any 'major' It Matters: Several leading economists, including former Treasury Secretary Larry Summers, have warned Trump to walk back on his proposed tax agenda, like he did with the tariffs, citing pressure on Treasuries. Early this week, Summers warned that the U.S. was at risk of a fiscal crisis similar to what the U.K. experienced in 2022, calling it Trump's 'Liz Truss Moment,' in reference to the British Prime Minister who had to quit following the crisis. Economist Mohamed El-Erian had a more balanced take on the administration's policies, having said last month that they could either result in fairer global trade, alongside lower tariff and non-tariff barriers, or it could lead to stagflation, which he calls 'Jimmy Carter all over again,' referring to the 1970s, when Jimmy Carter was President. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest at $0.60/share before it's too late. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Photo courtesy: / Send To MSN: Send to MSN This article Trump May 'Want' A Recession: Market Observer Says It Serves His Economic Agenda—Lower Rates, Oil Prices, And Trade Deficit originally appeared on Sign in to access your portfolio
Yahoo
25-05-2025
- Business
- Yahoo
Trump May 'Want' A Recession: Market Observer Says It Serves His Economic Agenda—Lower Rates, Oil Prices, And Trade Deficit
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A viral post on X speculates that President Donald Trump might see a strategic upside in a recession. What Happened: On Thursday, popular newsletter, The Kobeissi Letter, posted on X, drawing parallels between Trump's economic agenda and the current state of the markets and the broader macro-environment.'In a way, President Trump may actually want a recession,' the post says. 'A recession achieves most of Trump's economic goals at once,' referring to his campaign promises of low inflation, treasury yields, a reduction in trade deficits, a rate cut by the Federal Reserve, and lower oil prices. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — The post comes amid soaring U.S. Treasury Yields, with 30-Year yields at 5.04%, the 20-Year at 5.05%, and the 10-Year note at 4.53%. On Wednesday, the sale of $16 billion worth of 20-Year Treasury notes saw weak demand, marking a new low for U.S. Government bonds and rattling equity markets this week. The SPDR S&P 500 Trust ETF (NYSE:SPY) is down 0.85%, followed by the Invesco QQQ Trust (NASDAQ:QQQ), which tracks the Nasdaq, and the SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA), both down 0.11% and 1.16%, respectively, this week so far. The post says the Trump team may be recalibrating its messaging strategy after 'realizing the trade deal headlines won't work anymore.' 'A recession may be the 'best' solution after years of inflation and 'free' money,' the thread concludes, while quoting a chart showing the S&P 500's nearly 80-point decline in a span of 30 minutes, without any 'major' It Matters: Several leading economists, including former Treasury Secretary Larry Summers, have warned Trump to walk back on his proposed tax agenda, like he did with the tariffs, citing pressure on Treasuries. Early this week, Summers warned that the U.S. was at risk of a fiscal crisis similar to what the U.K. experienced in 2022, calling it Trump's 'Liz Truss Moment,' in reference to the British Prime Minister who had to quit following the crisis. Economist Mohamed El-Erian had a more balanced take on the administration's policies, having said last month that they could either result in fairer global trade, alongside lower tariff and non-tariff barriers, or it could lead to stagflation, which he calls 'Jimmy Carter all over again,' referring to the 1970s, when Jimmy Carter was President. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest at $0.60/share before it's too late. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Photo courtesy: / Send To MSN: Send to MSN This article Trump May 'Want' A Recession: Market Observer Says It Serves His Economic Agenda—Lower Rates, Oil Prices, And Trade Deficit originally appeared on 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
