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BTCUSD

Anthony Scaramucci, the founder and manager of SkyBridge Capital, expressed optimism about Bitcoin's future, stating that it has the potential to grow from its current $600 billion valuation to a $15 trillion asset. He also mentioned that he owns a lot of Bitcoin. Scaramucci believes that Bitcoin could serve as a hedge against higher inflation and a national debt that has to be monetized.

Portfolio Pulse from Anan Ashraf

October 14, 2023 | 9:24 am

BTCUSD

GBTC

The Securities and Exchange Commission (SEC) has reportedly decided not to contest a court decision that ordered the regulatory agency to review its rejection of Grayscale's application to turn its Bitcoin trust into an exchange-traded fund (ETF). This could potentially pave the way for the first Bitcoin ETF in the US. Grayscale, which manages the world's largest cryptocurrency fund, believes that transitioning GBTC to an ETF would bridge the valuation gap between the fund's price and its underlying Bitcoin assets.

Portfolio Pulse from Murtuza Merchant

October 13, 2023 | 10:03 pm

V

Visa (NYSE:V) has outperformed the market over the past 15 years, producing an average annual return of 21.38%. If an investor had bought $1000 of V stock 15 years ago, it would be worth $18,205.29 today. Visa currently has a market capitalization of $494.31 billion.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 9:30 pm

KR

Over the past 20 years, Kroger (NYSE:KR) has outperformed the market by 1.12% on an annualized basis, producing an average annual return of 8.45%. If an investor had bought $1000 of KR stock 20 years ago, it would be worth $4,920.33 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 9:30 pm

ITX

The article draws parallels between the fast fashion and cannabis industries, highlighting their shared traits of adaptability, data-driven design, and mass production. It mentions Zara (NYSE:ITX) and H&M (STO: HM-B) as examples of fast fashion companies. The article also discusses the environmental impacts of both industries, and the need for sustainability and responsible practices.

Portfolio Pulse from Nicolás Jose Rodriguez

October 13, 2023 | 9:13 pm

ID

Parts ID has entered into a note purchase agreement to issue and sell a junior secured convertible promissory note of $1.1M to Lev Peker, the CEO and Director of the company, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 9:06 pm

MCK

Over the past 10 years, McKesson (NYSE:MCK) has outperformed the market by 2.91% on an annualized basis, producing an average annual return of 12.47%. If an investor had bought $100 of MCK stock 10 years ago, it would be worth $328.55 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 9:00 pm

CNC

Over the past 15 years, Centene (NYSE:CNC) has outperformed the market by 9.03% on an annualized basis, producing an average annual return of 19.36%. If an investor had bought $100 of CNC stock 15 years ago, it would be worth $1,408.72 today. Centene currently has a market capitalization of $38.19 billion.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 9:00 pm

BTCUSD

GBTC

The U.S. Securities and Exchange Commission (SEC) has decided not to appeal the court decision on the Grayscale Bitcoin ETF. This decision could potentially pave the way for more widespread acceptance and adoption of Bitcoin ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:55 pm

RYAM

Rayonier Advanced Materials Inc. (NYSE:RYAM) has engaged Houlihan Lokey as its financial advisor to explore the potential sale of its paperboard and high-yield pulp assets located at its Temiscaming site. This move is part of RYAM's strategy to enhance its operational and financial performance, optimize its portfolio, and reduce debt.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:35 pm