Why Almost Everyone Was Wrong About the Bitcoin ‘Halving’

Adam Clark
·2-min read
Why Almost Everyone Was Wrong About the Bitcoin ‘Halving’

The halving is a change to Bitcoin’s programmatic monetary policy which cut in half the issuance of new tokens, restricting supply.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest stories

  • Share Prices of These 3 Singapore Stocks Shot Up 36% or More Year-to-Date: Can Their Run Continue?

    These three stocks have performed impressively this year, but could there be more upside for the remainder of 2024? The post Share Prices of These 3 Singapore Stocks Shot Up 36% or More Year-to-Date: Can Their Run Continue? appeared first on The Smart Investor.

  • Should You Investigate Genting Singapore Limited (SGX:G13) At S$0.87?

    Genting Singapore Limited ( SGX:G13 ), might not be a large cap stock, but it saw its share price hover around a small...

  • OCBC's final offer of $25.60 for GEH is 'not fair but reasonable' says EY; advises shareholders to accept

    EY advises shareholders to accept the offer, or sell their shares if they can offer a higher price than the offer price.

  • Bank of America says Broadcom could be the next trillion-dollar company—but rival Nvidia would still be 3 times larger

    While Nvidia stands as the undisputed winner of the AI chip wars, it soon could have a rival.

  • China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price

    China Evergrande's former CEO, who Chinese regulators recently said was "uncontactable", has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to a property agent. Xia Haijun last month sold a 2,834 net sq ft (263 sq m) five-bedroom duplex flat in North Point Mid-Levels district on Hong Kong island for HK$82 million, said Gary Lam, a senior sales director at real estate agency Centaline. Xia, who stepped down from the embattled Chinese developer in 2022 after an internal probe found he was involved in diverting loans worth $2 billion secured by unit Evergrande Property Services to the group, bought the flat from New World Development in 2019, according to records from the Land Registry.

  • Here's Why Old Chang Kee (Catalist:5ML) Has Caught The Eye Of Investors

    For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

  • Nvidia Is 2024’s Best-Performing Chip Stock. These 4 Are Next.

    Micron Technology, Taiwan Semiconductor Manufacturing, Coherent, and Qualcomm have also done well this year.

  • Tesla is biggest market bubble in world history: Short seller

    Tesla's (TSLA) stock momentum seems to have stalled Friday morning after shareholders voted to approve CEO Elon Musk's pay packages — valued at nearly $46 billion — at the company's annual shareholder meeting on Thursday. Many analysts and Wall Street experts have shared new, incredibly bullish forecasts for the EV company, including Wedbush's Dan Ives — whose latest call sees Tesla's market cap reaching over $1 trillion in 2025 — and Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood, who believes the stock could reach $2,600 by 2029. However, not everyone shares this enthusiasm around Tesla and Elon Musk. Clean Energy Transition CEO and Portfolio Manager Per Lekander — a long-time Tesla short-seller — joins The Morning Brief to explain his $15 price target, likening Tesla to "the next Enron." "Let's not forget, that the stock is down 60% from all-time high at the same time as the market has gone up, 20, 25% in the meantime," Lekander says, citing Tesla's earnings and its year-to-date stock losses. "So the stock needs to go down. Once it goes down, it's going to go down more. And I think what drives it down is earnings. And I think we are very, very close to the turning point because so far it's been a slippery slope. They've sold cars poorly therefore they lowered the price, therefore earnings went down..." Lekander characterizes Musk as "missing... what's going on in the overall EV space" coming out of COVID-19 pandemic trends. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why. Is Elon Musk the right fit as Tesla's CEO? Musk pay package: What's incentivizing shareholder votes Elon Musk's $46B Tesla pay package: Explained

  • Is Alphabet Inc. (NASDAQ:GOOG) Billionaire Bill Ackman’s Best AI Stock Pick in 2024?

    We recently published a list entitled Billionaire Bill Ackman’s 2024 Portfolio: 6 Best Stocks to Buy in 2024. Since Alphabet Inc. (NASDAQ:GOOG) ranks 4th in the list, it deserves a deeper look. Billionaire Bill Ackman recently made headlines after reports suggested he plans to take his investment firm public as soon as next year. A Wall Street […]

  • Huawei's HarmonyOS unseats Apple's iOS to become China's No 2 mobile operating platform

    Huawei Technologies' mobile platform HarmonyOS has overtaken Apple's iOS to become the second-biggest mobile operating system in mainland China in the first quarter, according to the latest market data from Counterpoint Research. HarmonyOS accounted for a 17 per cent share in the first quarter to surpass iOS for the first time in the world's biggest smartphone market, as strong domestic demand for Huawei's latest 5G handsets drove up adoption of the Shenzhen-based company's self-developed mobile

  • Stock market today: Nasdaq ekes out 5th straight record to cap banner week for tech

    Investors are eyeing political turmoil in France as uncertainty about rate cuts dogs the market.

  • Top Stock Market Highlights of the Week: Apple, US Federal Reserve and DBS Group

    We look at the latest software updates from a technology giant and the latest moves by the US central bank. The post Top Stock Market Highlights of the Week: Apple, US Federal Reserve and DBS Group appeared first on The Smart Investor.

  • Stock market today: Stocks extend record-setting rally, Tesla rises ahead of Musk pay decision

    Investors are continuing to weigh signs of cooling inflation and a hawkish shift in the Fed's view on rate cuts.

  • Analyst Says Advanced Micro Devices, Inc. (AMD) is Expensive Compared With NVDA, AI Expectations ‘Too High’

    We recently published a list of 10 Biggest AI Stories and Ratings Updates You Should Not Miss This Week. Since Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks 6th on the list, it deserves a deeper look. The Federal Reserve now expects just one rate cut in this year, and the market’s reaction to this development has […]

  • Elon Musk wins Tesla shareholder battle to keep his record-breaking pay

    Tesla shareholders reapproved Elon Musk’s record-breaking pay pact and signed off on a new Texas incorporation in a show of support for the CEO.

  • Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows

    Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week. Gill's update, posted on Reddit after the close of trading, showed the value of his position at $262.1 million. Gill who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and options position in a screen shot posted on Reddit on June 2.

  • It’s official: Tesla shareholders grant Elon Musk the biggest executive pay package in US history

    The billionaire entrepreneur had remained assured that shareholders would approve the payout which was denied to him by a Delaware judge in January

  • Fed's Bostic flags more issues with financial disclosures

    NEW YORK (Reuters) -A financial disclosure form for Federal Reserve Bank of Atlanta President Raphael Bostic notes more issues with reporting of past trading and investing activities. Bostic’s disclosure form for 2023, made public on Friday, flagged several filing errors, including one that was referred to the central bank’s Inspector General, the central bank’s in-house watchdog. The form said “the omission was reported to the Board of Governors” and the Fed’s I.G. The form also noted the Board of Directors overseeing the Atlanta Fed had “directly addressed this concern.”

  • A Look At The Fair Value Of Meta Platforms, Inc. (NASDAQ:META)

    Key Insights Meta Platforms' estimated fair value is US$561 based on 2 Stage Free Cash Flow to Equity With US$504 share...

  • Director Sharon Rowlands Acquires 8,600 Shares of Pegasystems Inc (PEGA)

    On June 11, 2024, Sharon Rowlands, a Director at Pegasystems Inc (NASDAQ:PEGA), purchased 8,600 shares of the company, as reported in a recent SEC Filing.