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BTCUSD

Edward Snowden, the former NSA contractor, has expressed strong support for Bitcoin, calling it the most significant monetary advancement since the invention of coinage. He shared his views on X, emphasizing Bitcoin's importance despite its controversial nature. Snowden's endorsement comes as Bitcoin experiences a significant rally, with a 23% increase since the start of 2024 and reaching a 26-month high of $52,000. This surge is attributed to strong inflows into spot ETFs, with Bitcoin ETFs averaging over $1.8 billion in volume per day in early February. Snowden has previously highlighted the potential of Bitcoin ETFs and criticized figures like JP Morgan CEO Jamie Dimon for their skepticism towards Bitcoin. His recent comments underscore his belief in the transformative potential of cryptocurrencies.

Portfolio Pulse from Benzinga Neuro

February 19, 2024 | 3:26 am

TSLA

Ford Motor Co (NYSE:F) has reduced the prices of its 2023 Mustang Mach-E in Canada, making it more competitive against Tesla Inc's (NASDAQ:TSLA) Model Y. The price cuts range from C$5,000 to C$13,000 across most Mach-E models, with the GT Performance Edition Extended Range seeing the most significant reduction. This adjustment also enables all Mach-E models to qualify for a federal rebate of C$5,000. The price reduction positions the Mach-E Select RWD Standard Range at a starting price lower than the Model Y, enhancing its competitiveness in the electric vehicle market.

Portfolio Pulse from Anan Ashraf

February 19, 2024 | 3:10 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin saw gains as the global cryptocurrency market cap rose to $1.96 trillion. Bitcoin is consolidating at $52,000, with expectations of a rise to $54-58K before a correction. Analysts note Bitcoin's dominance and potential corrections, while ETF trading volumes thrive.

Portfolio Pulse from Shivdeep Dhaliwal

February 19, 2024 | 2:43 am

GOOG

GOOGL

On the BG2POD podcast, Brad Gerstner and Bill Gurley discussed Alphabet Inc.'s (GOOGL, GOOG) challenge in adapting its business model to the evolving AI landscape, contrasting it with innovative AI interfaces like Perplexity and ChatGPT. They highlighted Google's reliance on an advertising model and the potential disruption by AI technologies. Gerstner expressed skepticism about Google's ability to maintain its dominance in this new era, despite a general consensus of its continued leadership. He also suggested strategic moves for OpenAI to focus on becoming the leading consumer AI interface.

Portfolio Pulse from Shanthi Rexaline

February 18, 2024 | 11:50 pm

FFND

META

TSLA

Gary Black of Future Fund criticized Tesla for accumulating a large cash reserve, suggesting it return some to shareholders through dividends or buybacks. Tesla's cash is predicted to reach $150B by 2030. Black highlighted that tech rivals, like Meta Platforms which recently initiated a dividend, are returning cash to shareholders, which could support Tesla's stock. He also mentioned a potential $50B buyback could increase Elon Musk's voting control. The Delaware Chancery Court nullified Musk's 2018 compensation plan, impacting future plans.

Portfolio Pulse from Shanthi Rexaline

February 18, 2024 | 8:40 pm

AMDI

Amphitrite Digital Inc (NASDAQ:AMDI) is scheduled for an IPO on Feb. 20, 2024, with a price range of $3.50 to $4.50 and an offering of 1,750,000 shares at $4.00 each. The article also explains the IPO process, including SEC requirements, the establishment of a price range, and the insider lock-up period.

Portfolio Pulse from Benzinga Insights

February 18, 2024 | 5:09 pm

BTCUSD

Mark Yusko, CEO of Morgan Creek Capital, predicts Bitcoin could reach $150,000 by mid-next year, citing network effects and increasing user and miner numbers. He suggests Bitcoin's fair value is around $75,000 to $80,000 this cycle but expects a severe correction before hitting new highs. Yusko anticipates a 'crypto fall' and a significant selling wave influenced by the Bitcoin halving and seasonal selling patterns, with Bitcoin currently trading at $51,676.63.

Portfolio Pulse from Bibhu Pattnaik

February 18, 2024 | 1:50 pm

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

The cryptocurrency market saw significant activity with predictions of Dogecoin's rise, warnings of Bitcoin's fall, Jim Cramer's mixed reactions to Robinhood's Q4, a surge in Shiba Inu whale inflows, and Donald Trump selling Ethereum. Dogecoin is predicted to surpass $0.10, Bitcoin may fall below $10,000, Shiba Inu experienced a 2595% increase in whale inflows, and Trump missed out on $500,000 in potential ETH profits.

Portfolio Pulse from Benzinga Neuro

February 18, 2024 | 10:12 am

AAPL

COIN

META

MSFT

NVDA

TSLA

This week in AI featured Elon Musk's critique of OpenAI, Apple's AI animation tool Keyframer, Nvidia surpassing Google and Amazon in market cap, Ark Invest's portfolio adjustments favoring Tesla and META, and Jim Chanos' caution on Nvidia. Musk criticized OpenAI's shift to a profit model and its partnership with Microsoft. Apple's Keyframer could revolutionize AI animation. Nvidia's H100 AI processor has driven its market value, while Ark Invest shifts its focus towards Tesla and META, reducing stakes in Coinbase and Nvidia. Chanos highlighted potential concerns for Nvidia despite its growth.

Portfolio Pulse from Benzinga Neuro

February 18, 2024 | 8:08 am

TIP

Larry Summers, former Treasury Secretary, commented on recent inflation data, suggesting the next Federal Reserve move could be a rate increase rather than a cut. January's consumer and producer price inflation numbers were higher than expected, challenging the notion of a 'soft-landing' for the economy. Summers highlighted the resilience of housing costs, particularly owner-occupied housing, which may not be as deflationary as previously thought. He also criticized the strict 2% inflation target and suggested the Fed should proceed with caution, noting a potential rate hike in the future.

Portfolio Pulse from Shanthi Rexaline

February 17, 2024 | 6:38 pm