The Investopedia Express with Caleb Silver
Investopedia's Top Terms of the Year, and What's Behind Bitcoin's Mega-Rally
Dec 11, 2023
Financial expert Ric Edelman joins the podcast to discuss Investopedia's most searched terms of 2023, the rise of Bitcoin, and the potential for even bigger gains in the future. They also explore the mainstream adoption of cryptocurrency and investment opportunities in blockchain support companies. Additionally, the importance of financial advisors' knowledge in digital assets and cryptocurrency is emphasized, along with the cost of the 'American Dream' and accumulating Bitcoin through regular purchases.
30:46
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Quick takeaways
- Investopedia's top 10 terms of 2023 included racketeering, assumable mortgage, BRICS, Treasury bills, debt ceiling, inverted yield curve, certificates of deposit, artificial intelligence, bank failures, and the American Dream, showcasing readers' interest in various financial concepts and challenges.
- The recent rally in Bitcoin can be attributed to the upcoming halving event and the anticipation of SEC approving Bitcoin ETFs, highlighting the impact of market events and regulatory decisions on cryptocurrency prices.
Deep dives
The 2023 stock market rally and Fed's interest rate decision
The S&P 500 achieved its highest close of the year and since March 2022, with a 20% gain for the year. The strong jobs report in November suggested a slowing economy, but investors hoped for a soft landing and for the Federal Reserve to pause on rate hikes. Speculation emerged that the Fed may start cutting rates sooner in 2024, leading to a six-week rally for stocks. The markets are eagerly awaiting the Fed's summary of economic projections and the dot plot to gauge future rate cuts.
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