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Yahoo
6 days ago
- Business
- Yahoo
Billionaires Sell Nvidia Stock and Buy a BlackRock ETF Wall Street Experts Say Can Soar Up to 8,595%
Key Points Hedge fund billionaires Ken Griffin and Steven Cohen sold shares of Nvidia and added to their positions in BlackRock's iShares Bitcoin Trust during the first quarter. Nvidia was battling headwinds related to DeepSeek and chip export restrictions during the first quarter, but those potential problems have since become less worrisome. More companies and institutional investors are buying Bitcoin, a trend likely to continue due to its status as digital gold and the increasingly favorable regulatory environment. 10 stocks we like better than iShares Bitcoin Trust › Nvidia (NASDAQ: NVDA) shares have advanced 1,080% since January 2023 as demand for artificial intelligence (AI) infrastructure has surged. Nevertheless, the hedge fund billionaires listed below sold Nvidia in the first quarter and bought shares of the iShares Bitcoin Trust (NASDAQ: IBIT), a BlackRock fund that could soar in the coming years if certain Wall Street experts are correct. Ken Griffin of Citadel Advisors sold 1.5 million shares of Nvidia, reducing his position 50%. He also added 2 million shares of the iShares Bitcoin Trust, increasing his stake 195%. Steven Cohen of Point72 Asset Management sold 2 million shares of Nvidia, trimming his position 50%. He also added 1.3 million shares of the iShares Bitcoin Trust, increasing his stake 49%. These details come from Forms 13F filed with SEC. While those forms provide insight into what hedge fund managers are buying and selling, the information is somewhat outdated because the trades were made at least four months ago. Here's a more current look at Nvidia and the iShares Bitcoin Trust. 1. Nvidia Nvidia is the market leader in data center graphics processing units (GPUs), chips used to accelerate complex workloads like training large language models (LLMs) and running artificial intelligence (AI) applications. "Nvidia sets the pace for AI infrastructure worldwide. Without Nvidia's GPUs, modern AI wouldn't be possible," according to Forrester Research. Nvidia was battling a few headwinds that have since been resolved when billionaires Ken Griffin and Steven Cohen sold shares in the first quarter. Investors worried demand for Nvidia GPUs would slow after Chinese AI start-up DeepSeek reportedly used fewer and less powerful chips to develop LLMs rivaling those from U.S. companies. But demand has stayed robust because cost efficiencies have made AI accessible to more companies. Additionally, the Commerce Department under former President Joe Biden announced a strict export control framework (called the AI Diffusion Rule) that would have limited Nvidia's ability to sell semiconductors in most countries. The Trump administration has since rescinded that rule and even restored Nvidia's ability to sell H20 GPUs in China. Looking ahead, Grand View Research estimates AI spending across hardware, software, and services will increase at 35% annually through 2030. Nvidia remains one of the companies best positioned to benefit. Wall Street expects earnings to grow at 29% annually in the next three to five years, which makes the current valuation of 56 times earnings look tolerable. Patient investors should feel comfortable holding Nvidia stock for years to come. 2. iShares Bitcoin Trust The price of Bitcoin (CRYPTO: BTC) has rocketed 612% since January 2023. The cryptocurrency currently trades at $118,000 and has a market value of $2.3 trillion, but these Wall Street experts expect monster returns in the coming years. David Puell at Ark Invest has outlined a bull-case scenario in which Bitcoin hits $1.5 million by 2030. That implies 1,170% upside from its current price. Bernstein analyst Gautam Chhugani thinks Bitcoin will hit $1 million by 2033. That implies 745% upside from its current price. Tom Lee of Fundstrat Global Advisors recently told CNBC Bitcoin can hit $3 million or more in the long run. That implies 2,440% upside from its current price. Strategy (formerly known as MicroStrategy) chairman Michael Saylor thinks Bitcoin will be a $200 trillion asset by 2045. That implies 8,595% upside from its current market value. Bitwise CIO says Bitcoin is the "largest, most liquid, and most established" cryptocurrency. Also, Bitcoin's fixed supply makes it a hedge against the inflation-driven devaluation of fiat currencies like the U.S. dollar, drawing comparisons to gold. Those qualities should encourage more retail investors and institutional investors to participate in the market in the years ahead. Indeed, the Bitcoin supply held by public and private companies has increased more than 30% year to date due to the increasingly favorable U.S. regulatory environment under the Trump administration. Most notably, the president signed an executive order establishing a strategic Bitcoin reserve, which may eventually let the federal government buy Bitcoin. Spot Bitcoin ETFs make it particularly easy to get exposure to the cryptocurrency. They let investors add Bitcoin to existing brokerage accounts without the high fees associated with cryptocurrency exchanges. For instance, the iShares Bitcoin Trust charges 0.25% per year, but Coinbase charges between 0.4% and 0.6% per transaction under $10,000. Consequently, institutional investors are piling into newly minted spot Bitcoin ETFs. In fact, recently filed Forms 13F show the number of large asset managers (i.e., those with $100 million-plus in securities) with positions in the two largest spot Bitcoin ETFs -- iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund -- nearly tripled in the past year. As a caveat, investors should never put too much confidence in forecasts because there is no guarantee Bitcoin reaches these prices. Also, prospective investors should be aware Bitcoin has historically been very volatile. Its price has dropped more than 50% from a record high three times in the last five years, and similar downturns are likely in the future. Investors comfortable with those risks, especially those with a long time horizon, should consider adding Bitcoin exposure to their portfolios. The BlackRock iShares Bitcoin Trust is a cheap and convenient way of doing that. Do the experts think iShares Bitcoin Trust is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did iShares Bitcoin Trust make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,037% vs. just 182% for the S&P — that is beating the market by 855.37%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $634,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,799!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Trevor Jennewine has positions in Nvidia. The Motley Fool has positions in and recommends Bitcoin and Nvidia. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy. Billionaires Sell Nvidia Stock and Buy a BlackRock ETF Wall Street Experts Say Can Soar Up to 8,595% was originally published by The Motley Fool
Yahoo
27-06-2025
- Business
- Yahoo
Billionaires Sell Nvidia Stock and Buy a BlackRock ETF Wall Street Experts Say Could Soar Up to 12,160%
Two of the most successful hedge fund managers on Wall Street sold Nvidia and added to their positions in the iShares Bitcoin Trust during the first quarter. Despite headwinds concerning export restrictions, Nvidia is still the market leader in AI accelerator chips and the stock looks attractive at its current valuation. Spot Bitcoin ETFs have seen strong adoption by institutional investors in the past year, and the U.S. federal government has established a strategic Bitcoin reserve. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) has been a shining star of the artificial intelligence (AI) boom. Its 912% return since January 2023 is the second best in the S&P 500 (SNPINDEX: ^GSPC). Yet the following hedge fund managers listed sold Nvidia and bought the iShares Bitcoin Trust (NASDAQ: IBIT) in the first quarter: Billionaire Ken Griffin of Citadel Advisors sold 1.5 million shares of Nvidia, cutting his stake 50%. He also added 2 million shares of the iShares Bitcoin Trust, upping his position 195%. Billionaire Steven Cohen of Point72 Asset Management sold 2 million shares of Nvidia, cutting his stake 50%. He also added 1.3 million shares of the iShares Bitcoin Trust, upping his position 49%. Investors should know a few things about those trades. Griffin and Cohen run two of the most profitable funds in history, so they are good sources of inspiration. However, readers should interpret them selling Nvidia as a total loss of confidence in the company. Instead, it is a reminder that portfolio diversification matters. Also, the iShares Bitcoin Trust is an exchange-traded fund (ETF) issued by the largest asset manager in the world, BlackRock. It tracks the price of Bitcoin (CRYPTO: BTC), and several analysts expect a windfall for Bitcoin holders in the years ahead. The most bullish forecast implies 12,160% upside by 2045. Semiconductor company Nvidia has been an investor favorite in recent years because its graphics processing units (GPUs) are the industry standard in accelerating complex data center tasks like training large language models (LLMs) and running artificial intelligence (AI) applications. Indeed, Forrester Research analysts wrote, "Nvidia sets the pace for AI infrastructure worldwide. Without Nvidia's GPUs, modern AI wouldn't be possible." Nevertheless, investors still got nervous when Chinese start-up DeepSeek introduced large language models reportedly trained with fewer and less powerful Nvidia GPUs than similar LLMs developed by United States companies like OpenAI and Anthropic. Investors worried that more efficient training techniques would reduce demand for Nvidia chips. Additionally, the U.S. government gradually tightened export controls concerning advanced AI chips under the Biden administration. And despite revoking the unpopular AI Diffusion Rule -- which would have limited Nvidia's ability to sell chips in multiple countries -- the Trump administration has further tightened export controls with respect to China. The DeepSeek debacle and rumblings about export restrictions caused Nvidia stock to sell off sharply early in the year, and those headwinds may explain why certain hedge fund managers reduced their positions in the chipmaker. However, investors misinterpreted the DeepSeek news. Cost efficiencies make AI accessible for more companies, and that has more than offset any reduction in demand. Nvidia reported strong first-quarter financial results and Wall Street estimates adjusted earnings will grow at 40% annually through the fiscal year ending in January 2027. That makes the current valuation of 48 times earnings look quite reasonable. Importantly, while there is essentially no chance Nvidia will return 790% over the next three years (as it did in the last three years), I think the stock can still beat the market during that period. Bitcoin has increased 15% to $106,000 year to date as of June 25. But several Wall Street experts anticipate substantial gains as adoption increases across retail and institutional investors, and across corporate and government treasuries. Details are provided below: Geoff Kendrick at Standard Chartered estimates Bitcoin will hit $500,000 in 2028. That implies 370% upside from its current price. David Puell at Ark Invest recently outlined a bull-case scenario in which Bitcoin hits $1.5 million by 2030. That implies 1,315% upside from its current price. Tom Lee of Fundstrat Global Advisors recently told CNBC Bitcoin can hit $3 trillion or more in the long run. That implies 2,730% upside from its current price. Michael Saylor at Strategy recently told CoinDesk Bitcoin can hit $13 million by 2045. That implies 12,160% upside from its current price. The investment thesis for Bitcoin centers on its status as "digital gold." While asset prices depend on supply and demand, Bitcoin (like gold) is somewhat unique because its supply is fixed. That means demand is the most consequential variable, and investors have good reason to think demand for Bitcoin will increase in the years ahead. The advent of spot Bitcoin ETFs like the iShares Bitcoin Trust has made it easier than ever to get Bitcoin exposure. Indeed, recently filed Forms 13F indicate the number of large asset managers (i.e., those with $100+ million in securities) with positions in the two largest spot Bitcoin ETFs -- iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund -- nearly tripled in the past year. Meanwhile, the number of companies holding Bitcoin is climbing, and the quantity of BTC those companies own is increasing. Likewise, President Trump in March signed an executive order establishing a strategic Bitcoin reserve, and several states have introduced legislation aimed at doing the same. That momentum could eventually position the U.S. federal government and state governments as buyers of Bitcoin. Here's the bottom line: Institutional adoption of Bitcoin is on the rise, and the favorable regulatory environment could help propel its price higher. I am very skeptical about the 12,160% upside implied by Michael Saylor's target price, but I do think long-term investors comfortable with volatility should have exposure to Bitcion. The iShares Bitcoin Trust is a great way to get that exposure. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Trevor Jennewine has positions in Nvidia. The Motley Fool has positions in and recommends Bitcoin and Nvidia. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy. Billionaires Sell Nvidia Stock and Buy a BlackRock ETF Wall Street Experts Say Could Soar Up to 12,160% was originally published by The Motley Fool Sign in to access your portfolio
Globe and Mail
27-06-2025
- Business
- Globe and Mail
Billionaires Sell Nvidia Stock and Buy a BlackRock ETF Wall Street Experts Say Could Soar Up to 12,160%
Nvidia (NASDAQ: NVDA) has been a shining star of the artificial intelligence (AI) boom. Its 912% return since January 2023 is the second best in the S&P 500 (SNPINDEX: ^GSPC). Yet the following hedge fund managers listed sold Nvidia and bought the iShares Bitcoin Trust (NASDAQ: IBIT) in the first quarter: Billionaire Ken Griffin of Citadel Advisors sold 1.5 million shares of Nvidia, cutting his stake 50%. He also added 2 million shares of the iShares Bitcoin Trust, upping his position 195%. Billionaire Steven Cohen of Point72 Asset Management sold 2 million shares of Nvidia, cutting his stake 50%. He also added 1.3 million shares of the iShares Bitcoin Trust, upping his position 49%. Investors should know a few things about those trades. Griffin and Cohen run two of the most profitable funds in history, so they are good sources of inspiration. However, readers should interpret them selling Nvidia as a total loss of confidence in the company. Instead, it is a reminder that portfolio diversification matters. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Also, the iShares Bitcoin Trust is an exchange-traded fund (ETF) issued by the largest asset manager in the world, BlackRock. It tracks the price of Bitcoin (CRYPTO: BTC), and several analysts expect a windfall for Bitcoin holders in the years ahead. The most bullish forecast implies 12,160% upside by 2045. 1. Nvidia Semiconductor company Nvidia has been an investor favorite in recent years because its graphics processing units (GPUs) are the industry standard in accelerating complex data center tasks like training large language models (LLMs) and running artificial intelligence (AI) applications. Indeed, Forrester Research analysts wrote, "Nvidia sets the pace for AI infrastructure worldwide. Without Nvidia's GPUs, modern AI wouldn't be possible." Nevertheless, investors still got nervous when Chinese start-up DeepSeek introduced large language models reportedly trained with fewer and less powerful Nvidia GPUs than similar LLMs developed by United States companies like OpenAI and Anthropic. Investors worried that more efficient training techniques would reduce demand for Nvidia chips. Additionally, the U.S. government gradually tightened export controls concerning advanced AI chips under the Biden administration. And despite revoking the unpopular AI Diffusion Rule -- which would have limited Nvidia's ability to sell chips in multiple countries -- the Trump administration has further tightened export controls with respect to China. The DeepSeek debacle and rumblings about export restrictions caused Nvidia stock to sell off sharply early in the year, and those headwinds may explain why certain hedge fund managers reduced their positions in the chipmaker. However, investors misinterpreted the DeepSeek news. Cost efficiencies make AI accessible for more companies, and that has more than offset any reduction in demand. Nvidia reported strong first-quarter financial results and Wall Street estimates adjusted earnings will grow at 40% annually through the fiscal year ending in January 2027. That makes the current valuation of 48 times earnings look quite reasonable. Importantly, while there is essentially no chance Nvidia will return 790% over the next three years (as it did in the last three years), I think the stock can still beat the market during that period. 2. iShares Bitcoin Trust Bitcoin has increased 15% to $106,000 year to date as of June 25. But several Wall Street experts anticipate substantial gains as adoption increases across retail and institutional investors, and across corporate and government treasuries. Details are provided below: Geoff Kendrick at Standard Chartered estimates Bitcoin will hit $500,000 in 2028. That implies 370% upside from its current price. David Puell at Ark Invest recently outlined a bull-case scenario in which Bitcoin hits $1.5 million by 2030. That implies 1,315% upside from its current price. Tom Lee of Fundstrat Global Advisors recently told CNBC Bitcoin can hit $3 trillion or more in the long run. That implies 2,730% upside from its current price. Michael Saylor at Strategy recently told CoinDesk Bitcoin can hit $13 million by 2045. That implies 12,160% upside from its current price. The investment thesis for Bitcoin centers on its status as "digital gold." While asset prices depend on supply and demand, Bitcoin (like gold) is somewhat unique because its supply is fixed. That means demand is the most consequential variable, and investors have good reason to think demand for Bitcoin will increase in the years ahead. The advent of spot Bitcoin ETFs like the iShares Bitcoin Trust has made it easier than ever to get Bitcoin exposure. Indeed, recently filed Forms 13F indicate the number of large asset managers (i.e., those with $100+ million in securities) with positions in the two largest spot Bitcoin ETFs -- iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund -- nearly tripled in the past year. Meanwhile, the number of companies holding Bitcoin is climbing, and the quantity of BTC those companies own is increasing. Likewise, President Trump in March signed an executive order establishing a strategic Bitcoin reserve, and several states have introduced legislation aimed at doing the same. That momentum could eventually position the U.S. federal government and state governments as buyers of Bitcoin. Here's the bottom line: Institutional adoption of Bitcoin is on the rise, and the favorable regulatory environment could help propel its price higher. I am very skeptical about the 12,160% upside implied by Michael Saylor's target price, but I do think long-term investors comfortable with volatility should have exposure to Bitcion. The iShares Bitcoin Trust is a great way to get that exposure. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor 's total average return is818% — a market-crushing outperformance compared to175%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Trevor Jennewine has positions in Nvidia. The Motley Fool has positions in and recommends Bitcoin and Nvidia. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy.
Yahoo
11-06-2025
- Business
- Yahoo
Billionaires Buy a BlackRock ETF That Can Soar Up to 172% in 2025, According to Wall Street Experts
Ken Griffin and Steven Cohen, two of the most successful hedge fund managers in history, added to their positions in the iShares Bitcoin Trust in the first quarter. Several Wall Street pundits anticipate substantial upside in Bitcoin in the remaining months of 2025 due to growing institutional and government adoption. Bitcoin has declined 50% from a record high three times in the last five years, and investors should be prepared for similar volatility in the future. 10 stocks we like better than iShares Bitcoin Trust › Billionaires Ken Griffin and Steven Cohen rank among the 15 most successful hedge fund managers in history as measured by cumulative net gains, and both investors in the first quarter added to their positions in the iShares Bitcoin Trust (NASDAQ: IBIT), an exchange-traded fund (ETF) issued by BlackRock. Neither hedge fund has a particularly large stake, but their willingness to buy the fund as Bitcoin (CRYPTO: BTC) declined in the first quarter is still consequential. It shows financial institutions are far more comfortable owning the cryptocurrency than they were even a few years ago, and that bodes well for Bitcoin holders. Indeed, Bitcoin currently trades at $110,000, but several Wall Street experts still anticipate huge gains in 2025. Here are some of the most optimistic forecasts: Geoff Kendrick of Standard Chartered expects Bitcoin to reach $200,000 this year. That implies 81% upside from its current price. Kendrick also believes Bitcoin can hit $500,000 in 2028. Peter Chun of Presto recently told CNBC Bitcoin could reach $210,000 this year. That implies 90% upside from its current price. Tom Lee of Fundstrat Advisors thinks Bitcoin can hit $250,000 this year. That implies 127% upside from its current price. Lee also believes Bitcoin can eventually reach $3 million. Josh Olszewicz of Canary Capital recently told Schwab Network Bitcoin can hit $300,000 this year. That implies 172% upside from its current price. Importantly, the Bitcoin forecasts above imply identical upside in the iShares Bitcoin Trust. Read on to learn about the trends that could drive its price higher in the remaining months of the year. Boston Consulting Group estimates institutional investors had $128 trillion in assets under management (AUM) last year. If even a small percentage of that total were allocated to Bitcoin, its price could rise substantially in the future. Spot Bitcoin ETFs have led to an uptick in institutional adoption since winning SEC approval in January 2024. That's partly because they eliminate friction and high fees associated with cryptocurrency exchanges, but also because they legitimize Bitcoin to some degree. Recently filed Forms 13F reveal two important trends concerning the iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, the two largest spot Bitcoin ETFs by AUM. Institutional capital invested in those spot Bitcoin ETFs nearly tripled during the past year to approach $16 billion in the first quarter. The number of large asset managers (i.e., those with at least $100 million in securities) with positions in those funds more than tripled during the past year. Institutional investors are likely to diversify further into cryptocurrency in the coming years, partly because the Trump administration has taken a favorable stance on the industry, but also because cryptocurrency is now a $3 trillion asset class they cannot afford to ignore. As institutional dollars flow into cryptocurrencies, Bitcoin has a distinct advantage because it is the largest, most liquid, and best known of the bunch, according to Bitwise CIO Matt Hougan. More than 150 public and private companies have added Bitcoin to their balance sheets, and many plan to add more. Most notably, Strategy (formerly known as MicroStrategy) has effectively turned itself into a Bitcoin investment vehicle. The company owns 582,000 BTC, purchased at an average price of $70,086, and plans to invest another $56 billion through 2027. Strategy Executive Chairman Michael Saylor believes Bitcoin will be a $200 trillion asset by 2045, which implies nearly 9,000% upside from its current market value of $2.2 trillion. So, Strategy has not hesitated to fund Bitcoin purchases by issuing debt and equity. Several companies inspired its success are making similar moves, including Mara and Semler Scientific. Meanwhile, two states -- Arizona and New Hampshire -- recently passed laws establishing strategic Bitcoin reserves, and more than a dozen others have introduce similar bills. Those state governments could become buyers of Bitcoin. JPMorgan Chase analysts wrote, "As the list grows, with other U.S. states potentially considering adding Bitcoin to their strategic reserves, this could turn into a more sustained positive catalyst for Bitcoin." Here's the big picture: Bitcoin has historically been volatile. In the last five years, it fell more than 25% from a record high seven times, and it fell more than 50% from a record high three times. But investors comfortable with type of volatility should consider buying a position in Bitcoin or a spot Bitcoin ETF. Personally, I doubt its price will reach $300,000 in 2025 -- even $200,000 seems like a stretch -- but those figures may be within reach over the next few years. Before you buy stock in iShares Bitcoin Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and iShares Bitcoin Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,341!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $874,192!* Now, it's worth noting Stock Advisor's total average return is 999% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, JPMorgan Chase, and Semler Scientific. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy. Billionaires Buy a BlackRock ETF That Can Soar Up to 172% in 2025, According to Wall Street Experts was originally published by The Motley Fool Sign in to access your portfolio
Globe and Mail
11-06-2025
- Business
- Globe and Mail
Billionaires Buy a BlackRock ETF That Can Soar Up to 172% in 2025, According to Wall Street Experts
Billionaires Ken Griffin and Steven Cohen rank among the 15 most successful hedge fund managers in history as measured by cumulative net gains, and both investors in the first quarter added to their positions in the iShares Bitcoin Trust (NASDAQ: IBIT), an exchange-traded fund (ETF) issued by BlackRock. Neither hedge fund has a particularly large stake, but their willingness to buy the fund as Bitcoin (CRYPTO: BTC) declined in the first quarter is still consequential. It shows financial institutions are far more comfortable owning the cryptocurrency than they were even a few years ago, and that bodes well for Bitcoin holders. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Indeed, Bitcoin currently trades at $110,000, but several Wall Street experts still anticipate huge gains in 2025. Here are some of the most optimistic forecasts: Geoff Kendrick of Standard Chartered expects Bitcoin to reach $200,000 this year. That implies 81% upside from its current price. Kendrick also believes Bitcoin can hit $500,000 in 2028. Peter Chun of Presto recently told CNBC Bitcoin could reach $210,000 this year. That implies 90% upside from its current price. Tom Lee of Fundstrat Advisors thinks Bitcoin can hit $250,000 this year. That implies 127% upside from its current price. Lee also believes Bitcoin can eventually reach $3 million. Josh Olszewicz of Canary Capital recently told Schwab Network Bitcoin can hit $300,000 this year. That implies 172% upside from its current price. Importantly, the Bitcoin forecasts above imply identical upside in the iShares Bitcoin Trust. Read on to learn about the trends that could drive its price higher in the remaining months of the year. Instutional investors are buying spot Bitcoin ETFs Boston Consulting Group estimates institutional investors had $128 trillion in assets under management (AUM) last year. If even a small percentage of that total were allocated to Bitcoin, its price could rise substantially in the future. Spot Bitcoin ETFs have led to an uptick in institutional adoption since winning SEC approval in January 2024. That's partly because they eliminate friction and high fees associated with cryptocurrency exchanges, but also because they legitimize Bitcoin to some degree. Recently filed Forms 13F reveal two important trends concerning the iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, the two largest spot Bitcoin ETFs by AUM. Institutional capital invested in those spot Bitcoin ETFs nearly tripled during the past year to approach $16 billion in the first quarter. The number of large asset managers (i.e., those with at least $100 million in securities) with positions in those funds more than tripled during the past year. Institutional investors are likely to diversify further into cryptocurrency in the coming years, partly because the Trump administration has taken a favorable stance on the industry, but also because cryptocurrency is now a $3 trillion asset class they cannot afford to ignore. As institutional dollars flow into cryptocurrencies, Bitcoin has a distinct advantage because it is the largest, most liquid, and best known of the bunch, according to Bitwise CIO Matt Hougan. Companies are buying Bitcoin and state governments are creating strategic reserves More than 150 public and private companies have added Bitcoin to their balance sheets, and many plan to add more. Most notably, Strategy (formerly known as MicroStrategy) has effectively turned itself into a Bitcoin investment vehicle. The company owns 582,000 BTC, purchased at an average price of $70,086, and plans to invest another $56 billion through 2027. Strategy Executive Chairman Michael Saylor believes Bitcoin will be a $200 trillion asset by 2045, which implies nearly 9,000% upside from its current market value of $2.2 trillion. So, Strategy has not hesitated to fund Bitcoin purchases by issuing debt and equity. Several companies inspired its success are making similar moves, including Mara and Semler Scientific. Meanwhile, two states -- Arizona and New Hampshire -- recently passed laws establishing strategic Bitcoin reserves, and more than a dozen others have introduce similar bills. Those state governments could become buyers of Bitcoin. JPMorgan Chase analysts wrote, "As the list grows, with other U.S. states potentially considering adding Bitcoin to their strategic reserves, this could turn into a more sustained positive catalyst for Bitcoin." Here's the big picture: Bitcoin has historically been volatile. In the last five years, it fell more than 25% from a record high seven times, and it fell more than 50% from a record high three times. But investors comfortable with type of volatility should consider buying a position in Bitcoin or a spot Bitcoin ETF. Personally, I doubt its price will reach $300,000 in 2025 -- even $200,000 seems like a stretch -- but those figures may be within reach over the next few years. Should you invest $1,000 in iShares Bitcoin Trust right now? Before you buy stock in iShares Bitcoin Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and iShares Bitcoin Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,341!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $874,192!* Now, it's worth noting Stock Advisor 's total average return is999% — a market-crushing outperformance compared to173%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
