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Daily Mail
4 days ago
- Business
- Daily Mail
SMALL CAP MOVERS: Bitcoin treasury firms crowd into London's junior market
Know anything about Bitcoin treasuries? No, me neither. Yet there's a rash of them appearing on AIM and Aquis, and it seems people are willing to back these enterprises with some serious money. Take The Smarter Web Company. Seeking to raise around £8million, it drew in £13.4million from professional and private investors in a massively oversubscribed fundraiser. Part of the investment Smarter has raised will bankroll what it calls its Bitcoin treasury policy. So, let's back up a bit. While the name may be unfamiliar, the concept is fairly easy to understand: A treasury pot of assets (in this case cryptocurrency) that is bought and built, presumably with the aim of asset appreciation. In the case of Bitcoin, this might not be a bad bet. Since April last year, the crypto's value has increased by more than 75 per cent to top out at around $111,000 last month, though it has since eased back to around $103,000. The start of the run coincided with an event called a halving, which effectively puts a choke on the mining of new currency and, by extension, supply - creating a squeeze on the price. Experts reckon the current bull run has legs, with estimates suggesting the price could hit $200,000 by the end of this year and a barely credible $1 million by 2030. Bulls on the cryptocurrency include Cathie Wood, the widely followed American tech investor. Now, The Smarter Web Company isn't the only game in town. Far from it. There's been an explosion of start-ups or pivots to Bitcoin treasury. Helium Ventures (out of one super-hot area and into another), Coinsillium (by AIM's standards a veteran of the crypto sector) Cykel AI and Vinanz, which is soon to change its name to London BTC Company. Bluebird Mining Ventures, meanwhile, is riffing on the theme by becoming a gold and Bitcoin company. Back to reality. The AIM All-Share enjoyed another very solid week as it advanced 1.5 per cent to 757.54, outpacing the FTSE 100, which nudged up 0.5 per cent. Star of the show was Celadon, the weed-based pharma company, which continued its ascent after last week's news of a potential cash injection from an unnamed sugar daddy (or mummy). The stock ended the week 170 per cent higher. Another top performer, up 57 per cent, was tech investor Blue Star Capital, which on Thursday capitalised on the strength of its share price by bagging a £250,000 cash infusion. Shuka Minerals rose 43 per cent after inching closer to the acquisition of a zinc asset in Zambia, having received the green light from local authorities. Empire Metals motored 37 per cent as it revealed progress towards delivering a maiden mineral resource estimate for the Pitfield Project, Western Australia, the world's largest undeveloped titanium discovery. Now to the fallers. There was a familiar story behind the 48 per cent slump in the shares of sports analytics group 4Global, which is quitting the junior market citing a lack of liquidity and access to capital, and also saying, frankly, it is too expensive to maintain a listing. Shares in technology group Trellus Health dropped 48 per cent after it used its prelims to reveal its cash reserves will only last until October. Not ideal. Finally, EMV Capital is quietly carving out a niche in early-stage deep tech investing, and Panmure Liberum thinks the market is missing the story. Core revenues rose around 67 per cent in 2024 to £2.9million, building on 44 per cent growth the year before, as EMV scaled up its operations and expanded assets under management. Panmure points to a 'disproportionate' ability to create value for relatively modest cash input, especially where in-kind services are provided to early-stage holdings. In the wake of results, the broker reiterated its 'buy' rating along with its 133p price target. The shares ended the week up 10 per cent, but well short of Panmure's valuation at 43.04p. For all that's hot in the small- and mid-cap space go to
Globe and Mail
27-05-2025
- Business
- Globe and Mail
4 Catalysts That Caused Bitcoin to Hit Its Highest Price Yet
Bitcoin 's (CRYPTO: BTC) price is a bit less than $110,000 per coin as of this writing, right near its all-time high, and right in the midst of what might be a generational bull run for the asset. There's a solid chance it could keep powering on higher and higher over the coming quarters. But this favorable setup isn't the result of chance, nor is it (yet) the result of a binge on speculative purchasing. Instead, there are four key catalysts that helped Bitcoin to get where it is right now. And they will stay in play too, which means they could keep driving the price up. Let's take a look at each to understand them a bit better. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » 1. The halving last year Bitcoin undergoes a halving roughly every four years, the most recent of which happened in April 2024. The halving is perhaps the single most important catalyst for the coin because it determines the reward that miners get when they successfully mine a new block. After the halving, the supply of newly produced Bitcoin is cut in half. That almost always leads to a supply shock wherein the amount of the coin in regular circulation becomes tightly constrained relative to demand from buyers. In other words, halvings are one of the main mechanisms by which the coin's price can be expected to rise over time, and the price is currently getting sharply pushed up by the impact of the last one. The next halving is slated for April 2028, so plan accordingly. 2. Public and private adoption of Bitcoin Right now is a golden age of all kinds of investors with deep pockets buying or resolving to hold Bitcoin. Whenever one of them announces their intentions, it's a catalyst for the asset. Take, for instance, the Strategic Bitcoin Reserve, which, if implemented, would make the U.S. government into an entity with a policy of retaining the coin over the long term rather than selling it. Other countries are debating whether to implement similar policies. States like Texas and even some cities are also considering and going through the political process to initiate new Bitcoin reserves of their own. States like North Carolina are debating bills that would allow for public pension funds to be partially invested in the asset. And New York City is at least thinking about whether a municipal reserve fund would make sense. Furthermore, other institutional investors like major banks are adding the coin to their balance sheets, both for holding and for offering services to their clients. And between all of the players above competing to buy more coins, it's no surprise that the price is higher than before. 3. The global movement toward hard money Amid the trend of broadening adoption of the coin, there's a parallel catalyst that's just as strong: the desire for stores of value that can't be eroded by inflation in the same way as fiat currency. Consider that for a fiat currency, such as the U.S. dollar, the circulating supply only shows a trend toward increasing over time. Therefore the purchasing power per unit of currency tends to decline over time. And, in the aftermath of the inflation of the past few years, investors are extremely sensitive to those facts. For Bitcoin, the reverse situation is true. The circulating supply only gets tighter due to the halvings. That means it's a logical place for investors to park their value to avoid having it get eroded by inflation. Other assets that fill the same role, like gold, have also been popular places to store value. These trends aren't about to lose steam. 4. Hype driven by famous buyers Like it or not, people tend to react positively when there's a well-known evangelist for an asset. Bitcoin has quite a few of those. Take for instance Strategy 's founder Michael Saylor, who simply can't seem to stop buying hundreds of millions of dollars worth of Bitcoin on a weekly basis. Strategy owns about $59 billion of the coin, and Saylor has resolved to never sell it unless absolutely necessary to preserve his company. So that means he's going to be talking his book to the public as frequently as possible for as long as it's possible to do so. That generates more enthusiasm for the coin, and it might even attract a few new holders along the way. And while it isn't as strong a catalyst as the others I've mentioned here, it's still a relevant factor that's driving the price of the coin higher and higher over time. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, 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 Bitcoin 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 $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor 's total average return is957% — a market-crushing outperformance compared to167%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 May 19, 2025
Forbes
22-05-2025
- Business
- Forbes
‘Ticking Time Bomb'—$40 Trillion ‘Big Print' Fed Fears Spark Wild Bitcoin Price Predictions
Bitcoin has surged to an all-time high of around $112,000 per bitcoin, soaring amid a flood of hyper-bullish bitcoin price predictions. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price, up 50% since its April lows, has topped the previous all-time high it set in January ahead of U.S. president Donald Trump's election, with data showing a $6 trillion earthquake could be about to hit the market. Now, as a Wall Street giant suddenly flips from gold to bitcoin, traders are closely watching the bond market for signs the Federal Reserve will have to step in—branded 'the big print' by some bitcoin price bulls who are predicting the return of quantitative easing. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run Federal Reserve chair Jerome Powell has kept the Fed on the sidelines as he waits to see the impact ... More of Donald Trump's global trade tariffs on the economy—with the bitcoin price bouncing back along with the stock market in recent weeks. This week, investors began pushing back against U.S. president Donald Trump's 'big, beautiful' tax-cutting bill, driving yields on benchmark 30-year Treasuries to near-two decade highs of 5.1%. Trump has been trying to drum up support for his massive tax and spending bill, which cleared a procedural hurdle in the Republican-controlled House of Representatives on Wednesday. Last week, rating agency Moody's sent shockwaves through markets when it stripped the U.S. of its top triple-A rating, following S&P Global Ratings in 2011 and Fitch Ratings in 2023, as consecutive administrations have failed to get a handle on spiraling U.S. debt. 'The view is that, with this bill, Trump is playing with fire with the deficit,' Francesco Pesole, FX strategist at ING, told Reuters. The nonpartisan Congressional Budget Office estimates Trump's bill will add $3.8 trillion to the U.S.'s $36 trillion in debt over the next decade, taking it to an eye-watering $40 trillion. Last week, Charlie Garcia, the founder of wealth network R360, wrote in a piece for MarketWatch that recent well-telegraphed Fed Treasury purchases of around $45 billion amounted to 'stealth easing." 'If the Fed quietly keeps hitting the QE [quantative easing] button, bitcoin might become the investment equivalent of a midnight convenience-store burrito—volatile but satisfying,' Garcia wrote, adding that others such as pro-bitcoin financial analyst Lyn Alden have played down the significance of the Fed's bond purchases. Garcia's comments were seized on by the bullish bitcoin and crypto crowd who believe it's the beginning of 'the big print' that they expect to send bitcoin, gold and other scarce assets sharply higher as Federal Reserve is forced to restart its money printer. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has surged to a record high this week, topping $110,000 and spurring a flood of ... More bullish bitcoin price predictions. "This is a ticking time bomb, swept under the rug," Josh Mandell, who claims to be a retired Wall Street trader that previously worked at the legendary Salomon Brothers Wall Street giant, posted to X, adding, "the big print is coming." Mandell gained a huge following on the platform after late last year correctly predicting the bitcoin price would hit a certain level in March 2025. Others have also pointed to bitcoin's price performance following what some have characterised as a 'weak' or 'lackluster' U.S. Treasury auction as a bullish signal for bitcoin going forward. 'We firmly believe bitcoin is increasingly decoupling from its correlation to risk assets and beginning to behave more like an independent, reliable asset allocation, particularly in times of uncertainty,' Edward Carroll, head of global markets and corporate finance at MHC Digital Group, said in emailed comments, adding, "the fact that bitcoin rallied overnight despite a weak U.S. Treasury auction and poor equity performance may be an indicator of this shift.' Carroll joins other hyper-bullish bitcoin price predictions, forecasting that the bitcoin price will hit 'reach at least $160,000 by the end of 2025 and $1 million by 2030" as bitcoin's 'fixed supply dynamic and growing demand [drive] the price higher.'
Yahoo
22-05-2025
- Business
- Yahoo
Bitcoin price hits all-time high above $111,000
Bitcoin (BTC-USD) hit a new all-time high above $111,000 (£82,605) on Thursday, marking another milestone in its 2025 bull run. The world's largest cryptocurrency by market cap continued to surge even as US stock markets declined on Wednesday, with the tech-heavy Nasdaq (^IXIC) posting losses. Analysts are pointing to growing institutional appetite for bitcoin as a major factor in its price appreciation. "Institutional conviction is clear, and bitcoin investment products saw $557m in inflows last week alone, contributing to a record-breaking $7.5bn year-to-date," said Nexo Dispatch analyst Iliya Kalchev. "On-chain data shows capital pouring in fast enough to push Bitcoin's Realized Cap above $900bn for the first time — evidence that this rally isn't just speculative, it's backed by real demand." Read more: Crypto live prices Regulatory progress in the US is also supporting sentiment. The GENIUS Act — a bill aimed at establishing a regulatory framework for stablecoins — cleared a key procedural vote in the US Senate this week. 'The GENIUS Act is a major step forward in removing regulatory uncertainty, but regulation, including this act, shouldn't place too much of a compliance burden on cryptocurrency startups, and should ensure the right of ordinary citizens to privacy,' Near Foundation head of research Lane Rettig said. Even traditional finance players appear to be softening their stance. JPMorgan (JPM) CEO Jamie Dimon, a longtime crypto skeptic, recently confirmed the bank will now allow clients to buy bitcoin. Supply dynamics are also playing a key role in the bitcoin price surge. The amount of bitcoin held on centralised cryptocurrency exchanges has dropped to historic lows, indicating a shift toward self-custody and reducing readily available supply. According to CryptoQuant, exchange reserves are at an all-time low. Read more: How Trump and Melania meme coins are performing after 100 days CoinGlass data shows that 7,206 BTC left exchanges in the last 24 hours, with over 121,000 bitcoin withdrawn in the past month. With shrinking supply and rising demand, analysts believe bitcoin's rally could be far from over. Standard Chartered (STAN.L) recently reiterated its bullish outlook, forecasting a price of $200,000. Financial educator and author Robert Kiyosaki predicted bitcoin could hit $250,000 by year-end — and potentially reach $500,000 or even $1m longer term. Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internetError 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
Globe and Mail
21-05-2025
- Business
- Globe and Mail
3 Top Artificial Intelligence (AI) Stocks Ready for a Bull Run
With trade tensions easing, stocks have rallied and are looking to potentially head into their next bull run. After leading the last bull market higher, artificial intelligence (AI) stocks seem to have regained their footing and could be ready to lead again. Let's look at three AI stocks ready for a bull run. 1. Nvidia Where AI infrastructure spending goes, Nvidia (NASDAQ: NVDA) is sure to follow. It's both the biggest risk the company faces and its biggest opportunity. The stock pulled back after the Trump administration enacted some tougher export restrictions for AI chips going into China, but trade deals with Middle Eastern countries that included investments in AI infrastructure eased investor concerns. Sovereign AI, or government AI spending, could be the next big driver of spending on the technology. This would be on top of the strong spending already being seen from cloud computing companies and companies training foundation AI models, such as OpenAI and Meta Platforms. With an over 80% market share in the graphics processing units (GPUs), Nvidia is very well positioned to continue to benefit from ongoing AI infrastructure spending. Meanwhile, its CUDA software platform and its collection of AI-focused libraries and tools that help streamline development and optimize the performance of its chips give it a wide competitive moat in the space. The stock is still reasonably valued with a forward price-to-earnings ratio (P/E) of 31 times this year's analyst estimates and a 0.6 price/earnings-to-growth ratio (PEG), with numbers below 1 considered undervalued. 2. Broadcom Another company well-positioned to benefit from increased AI infrastructure spending is Broadcom (NASDAQ: AVGO). The company makes components that are crucial parts of data center infrastructure. It also has carved out a sizable niche in helping customers develop custom AI chips known as ASICs (application-specific integrated circuits). While GPUs are more readily available and offer more flexibility, custom AI chips can offer better performance for the specific task for which they were designed while reducing power consumption. There are considerable up-front costs involved in designing these custom chips, but they can help lower the overall cost of ownership over time for customers, given that they are more energy efficient. Custom AI chips are Broadcom's biggest opportunity, and it has been gaining customers. It said it sees a $60 billion to $90 billion market opportunity in its fiscal year 2027 (ending October 2027) from its three customers that are furthest along. Meanwhile, it has picked up added customers, including Apple, that are not included in those projections. It won't capture all of this business, but it is a huge opportunity for the company. Trading at a forward P/E of 29 times analysts' fiscal 2026 estimates, the stock is attractively valued given the huge potential ahead. The biggest risk would be if AI infrastructure spending were to slow down. 3. Taiwan Semiconductor Manufacturing While Nvidia and Broadcom design AI chips, Taiwan Semiconductor Manufacturing (NYSE: TSM) is the company that actually makes them. It is the leading semiconductor contract manufacturing in the world and counts companies like Nvidia, Broadcom, and Apple among its top customers. Semiconductor manufacturing is a complex process that requires technological expertise, high utilization rates, and scale. Foundries are always looking to become more efficient by increasing the functional size of their wafers through advanced packaging technologies and shrinking chip sizes. Smaller chips are more powerful and consume less energy. TSMC, as the company is also known, leads the way in manufacturing advanced chips and has become an invaluable partner to its customers. As the clear leader in the space, it has garnered strong pricing power. At the same time, it is working closely with its largest customers to expand its manufacturing capacity to meet their future needs. Increased capacity and higher prices are a powerful combination that has helped TSMC achieve strong revenue growth and expand its gross margins. Last quarter, its revenue climbed 35% to $25.5 billion, while its gross margin expanded 190 basis points to 58.8%. Its new U.S. production facilities are expected to be a gross margin headwind, although it apparently is looking to raise prices from its Arizona site by 30% to help offset the higher costs. It's also looking to raise its overall prices by 10%. Trading at a forward P/E of 21 times 2025 analyst estimates and a PEG of 0.6, the stock is cheap. Similar to its two AI chip customers, the biggest risk TSMC faces would be a slowdown in AI infrastructure spending, as this would lead to less demand for chips. 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