Bitcoin Breaks $40K, Jobs Report Preview, Top 10 Investing Terms of 2023 With Caleb Silver
Dec 6, 2023
01:36:59
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Caleb Silver, Chief Editor at Investopedia, joins Josh Brown and Michael Batnick to discuss Investopedia's top investing terms of 2023. They explore topics such as Bitcoin, debt interest, a stock pick for year-end, the last jobs report of the year, Spotify layoffs, and more.
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Quick takeaways
The approval of the first Bitcoin spot ETF in the US could coincide with a local top in Bitcoin's price, but it will provide investors with a regulated and liquid vehicle for exposure to Bitcoin.
The exact timing of the approval for the Bitcoin spot ETF is uncertain, but it is expected to attract tens of billions of dollars and potentially lead to a surge in Bitcoin's price.
Once the Bitcoin spot ETF is approved, there will be a marketing war among different issuers, with BlackRock and Fidelity considered strong contenders due to their established presence and distribution capabilities.
Deep dives
Bitcoin spot ETF approval
The approval of the first Bitcoin spot ETF in the United States is expected to happen soon, with many companies applying for approval. There is anticipation that the approval could potentially coincide with a local top in Bitcoin's price, as seen in previous events like the introduction of Bitcoin futures. However, the approval of a spot ETF will provide investors with a regulated and liquid vehicle to gain exposure to Bitcoin, which could lead to significant inflows of capital into the market.
Timing and impact of the approval
The exact timing of the approval for the Bitcoin spot ETF is uncertain, but there are whispers that it could occur in January. Once approved, it is expected that tens of billions of dollars could flow into these ETFs, potentially leading to a surge in Bitcoin's price. However, the extent of the price increase will depend on the run-up to the approval and the momentum of the market at that time. It is also unclear if the SEC will approve multiple issuers simultaneously or play favorites, giving certain issuers priority.
Marketing and competition
Once the Bitcoin spot ETF is approved, there is expected to be an intense marketing war among different issuers to attract investors and assets. BlackRock and Fidelity are seen as strong contenders due to their established presence and distribution capabilities. However, the success of an ETF will likely depend on its pricing and ability to offer a competitive product. While multiple issuers may obtain approval, the best chance for success lies in offering a low-cost fund that provides easy access to Bitcoin.
The future of cryptocurrency ETFs
With the approval of the first Bitcoin spot ETF, the stage is set for the potential introduction of more cryptocurrency ETFs in the future. The success of these funds will depend on their ability to offer competitive pricing, proper risk management, and robust security measures. As cryptocurrency continues to gain mainstream acceptance and interest, ETFs could become a popular vehicle for investors to gain exposure to this emerging asset class.
Samsara: A Profitable Company with Strong Growth Potential
Samsara, with the ticker symbol IOT, is a fast-growing company that digitizes physical assets for large organizations. With a focus on security, video telematics, and AI, Samsara has attracted major clients like the government of New Orleans. The company reported a billion-dollar run rate and turned profitable, leading to a significant rise in its stock price. While it is already up 180% for the year, Samsara's strong financials and market potential make it an interesting stock to research or consider investing in.
The Diverging Performances of European Stock Markets
The FTSE 100 and CAC, representing the UK and France respectively, have shown a decline in performance over time. On the other hand, the DAX, representing Germany, has reached near all-time highs. This divergence indicates that despite Europe being perceived negatively in terms of economic stability, the German market is thriving. This phenomenon calls for further analysis and examination of the underlying factors driving these trends.
On this episode of TCAF Tuesday, Josh Brown and Michael Batnick are joined by Caleb Silver to discuss Investopedia's top investing terms of 2023! Then, you're in for an all-new episode of What Are Your Thoughts! Topics include: Bitcoin, debt interest, a stock pick for year-end, the last BLS of the year, Spotify layoffs, and much more!
Thanks to Public for sponsoring this episode. Go to https://public.com/compound to lock in a 5.4% yield on your cash.
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