EXCLUSIVE REPORT: Elon Musk Bets Big On Bitcoin

EXCLUSIVE REPORT: Elon Musk Bets Big On Bitcoin

Why Tech Billionaires Are Betting On Bitcoin Hitting $100,000

Bitcoin is having another killer year, having recently briefly hit $14,000 after going up for months.

And now, the world’s richest people are taking notice. From Microsoft's Bill Gates to to Sir Richard Branson, there’s big money betting on the future of Bitcoin.

One of the biggest names to chime in recently?

Elon Musk.

Although Musk had long been a cryptocurrency investor, a recent interview showed that his belief in Bitcoin went beyond what was previously thought.

"It [Bitcoin] bypasses currency controls.” Musk said in an interview. "Paper money is going away. And crypto is a far better way to transfer values than a piece of paper."

Although the extent of Musk’s Bitcoin holdings isn’t known, it’s well established that people are becoming billionaires by investing in the world’s most popular cryptocurrency. Tyler and Cameron Winklevoss (of Facebook fame) - are well known for having bought Bitcoin early. According to the new book “Bitcoin Billionaires,” their fortunes are now worth billions.

Bloomberg: Bill Gates & Richard Branson talk bitcoin

Average man makes $980,000 in Bitcoin

It’s not just tech CEOs who are seeing those big Bitcoin bucks, either. Even regular people are seeing their net worth swell from investing in Bitcoin.

In 2009, a forward-looking Norwegian named Kristopher Koch bought 5000 Bitcoin when they were trading for just $0.0054--a total investment of $27. By 2013, Coindesk was reporting that his stake was worth $980,000.

That was when Bitcoin was worth $196.

At Bitcoin’s peak 2017 price, that same 5000 Bitcoin was worth $100 million.

Those returns might sound impossible. But for early Bitcoin owners, they were so common that nothing about Koch’s story would surprise them. Because from its early 2009 prices to its 2017 peak, Bitcoin rose over 300,000,000%.

2019: The Return of Bitcoin

After surpassing $20,000, Bitcoin spent most of 2018 going down. Naysayers were quick to declare the “death of Bitcoin.” But in 2019, Bitcoin has been staging a comeback. And this time it may go higher than ever.

Early 2019 witnessed a major increase in the value of Bitcoin that was similar to 2017. After starting the year at $3715, the coin had shot up to $12,444 by late June. It was the comeback story that investors had been waiting for. If you’d put $10,000 in Bitcoin at its January 2019 price, you’d have $30,000 by the middle of the year. And there may be even bigger gains yet to come.

Financial expert calls for $100k

For years, $100,000 has been a magic number for Bitcoin fans, a price target that many long-term holders are aiming for. Although not everybody is convinced that BTC will ever see a million, $100k is tantalizingly within reach. In 2017, Bitcoin rose 1000% in value. At June prices, it would only need to rise a fraction of that to hit 100k. For the stock market, that would be an incredible return. But for Bitcoin, it’s just a typical year.

And at least one financial expert is saying that Bitcoin could reach $100,000 sooner than we think.

In an interview with coinTelegraph, eToro analyst Simon Peters said that Bitcoin could reach the $100k mark by the end of 2019. Using advanced research techniques, he concluded that Bitcoin was in a “parabolic trend,” a huge price increase that, if continued, would take the coin to $100,000.

"Bitcoin continues to remain on track to close out the first half of the year on a highly positive note," he said, "we could see bitcoin reaching $50,000 or even $100,000 this year."

Meet Coindirect

Until now, buying Bitcoin will never be a problem for tech moguls like Elon Musk, but easily making a purchase has been out of reach of the ordinary South African.

Coindirect is a new Bitcoin wallet that aims to make it easier, cheaper and faster than ever to buy Bitcoin.  Not only can you buy Bitcoin with rands - you can also easily convert from Bitcoin to any one of 42 other cryptocurrencies.

Some of the reasons why South African's are making Coindirect their preferred way of getting into Bitcoin include:

  • It is the CHEAPEST way to buy bitcoin in South Africa (when you pay by credit card)
  • It is the FASTEST way to get trading (you can make your first trade in under 5 minutes - so you don’t miss out on gains.)
  • They are the only platform in South Africa that you accepts CREDIT CARD payment
  • Sign Up is FREE and EASY
  • It’s 100% safe and secure and offer 24 hour support.
  • You get a FREE $2 bonus if you join in the next 48 hours.
  • Getting started with Coindirect is one of the easiest ways ever invented to buy and sell Bitcoin.

Just follow the three steps below to get started:

Step 1: Sign up on Coindirect’s website. All you need to do is enter your email address.

Step 2: Fund your account. Purchase coins using your credit card

Step 3: Start buying, selling and converting. Buy Bitcoin or any one of 42 other cryptocurrencies.

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General risk warning: Finance24, Coindirect and it's affiliates are not licensed financial advisors. Any investment activities involve a high risk. For this, trading is not recommended to all types of investors. Before engaging in investments, you should be fully aware of any and all risks involved. Finance24 and Coindirect are not responsible for any trading losses incurred.

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Bitcoin is on the rise again! Is now a good time to buy? | Kenya

Bitcoin is on the rise again! Is now a good time to buy?

The answer is a resounding YES! Since 2013, the value of a Bitcoin has skyrocketed from $13 to $11,000. That represents a staggering total growth of 85,000% - far more than the type of returns you would have earned had you invested in super stocks like Amazon during the same time period!

To put that into perspective, with 15 Bitcoin in 2013 you would have been able to buy groceries for a week – today you would be able to buy groceries for the next 12 years and still have some cash left over. Those few lucky Kenyans who were lucky enough to invest in Bitcoin stock when a share was worth just  KSh1100 in 2013, now find themselves laughing all the way to the bank!

If that doesn’t get your attention, what will?!

But I missed getting in on the ground floor – is it too late?

Absolutely not - the time to invest is NOW! The meteoric rise of Bitcoin made thousands of early investors rich. Luckily, you’re not too late - people investing NOW are STILL reaping MASSIVE rewards.

After having taken a bit of a breather in 2018, Bitcoin is once again on the rise, with industry experts predicting another bull run. Analyst Julian Hosp believes that Bitcoin still has the potential to rise to up to $60 000. (Disclaimer: this is an estimation - no one can predict digital currency trends with certainty.)

What is certain is that over the past three months, Bitcoin has gained nearly 300% in value, reaching figures of over $11000. Those who bought Bitcoin when it was at $3500 a few months ago have seen massive returns as the cryptocurrency continues upwards.

A Great Opportunity to Create Wealth

"Bitcoin is better than currency" – Bill Gates

These days, everyone from Paypal founder and billionaire venture capitalist Peter Thiel to Virgin founder Sir Richard Branson, and the famed Facebook pair, the Winklevoss twins, have invested in Bitcoin. In fact, the Winklevoss twins became the world's first Bitcoin billionaires in December 2017. Richard Branson is now accepting Bitcoin as payment for Virgin's upcoming space flights.

Along with those who have always been believers, those in the financial sector who doubted are starting to come around. JPMorgan Chase & Co CEO, Jamie Dimon, even admitted “I regret making comments saying Bitcoin is a fraud…” in an interview with Fox News.

It’s 2019 and cryptocurrency adoption is growing fast – you’ll find more stores with “Bitcoin accepted here” stickers on their windows, new Bitcoin ATM’s popping up around the world, and more people talking about it with interest and intrigue. With good reason

Get Started Today

You might be asking, since the promise of success and value is all well and good, how does one get onboard? We’ve tried out a number of Bitcoin exchanges and our favourite is Coindirect. Some of the reasons we favour Coindirect include:

  • Sign up is FREE, quick and easy
  • You can make your first trade in under 5 minutes (Bitcoin can rise a lot in one day – why risk missing out?)
  • You can pay with credit card
  • You are offered 24-hour support and assistance
  • It’s 100% safe and secure
  • Free $2 bonus if you join and transact in the next 48 hours
  • They offer the CHEAPEST Bitcoin in South Africa (Why overpay when you’re investing for growth?)

Getting started doesn’t require much - all you need is a small deposit (minimum R250), and the more Bitcoin grows in the crypto market exchange, the more you’ll see your investment grow. You can also withdraw your funds at any time.

We’ve done a deal with the kind folk at Coindirect– they are going to give the first 200 people who make a purchase with this link a $2 bonus to kickstart their trading.

Your journey to financial freedom begins here.

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General risk warning: Finance24, Coindirect and it's affiliates are not licensed financial advisors. Any investment activities involve a high risk. For this, trading is not recommended to all types of investors. Before engaging in investments, you should be fully aware of any and all risks involved. Finance24 and Coindirect are not responsible for any trading losses incurred.

Terms and conditions

Subscribe

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Bitcoin is on the rise again! Is now a good time to buy? | Philippines

Bitcoin is on the rise again! Is now a good time to buy?

The answer is a resounding YES! Since 2013, the value of a Bitcoin has skyrocketed from $13 to $11,000 USD. That represents a staggering total growth of 85,000% - far more than the type of returns you would have earned had you invested in super stocks like Amazon during the same time period!

To put that into perspective, with 15 Bitcoin in 2013 you would have been able to buy groceries for a week – today you would be able to buy groceries for the next 12 years and still have some cash left over. Those few Filipinos who were lucky enough to invest in Bitcoin stock when a share was worth just ₱550 in 2013, now find themselves laughing all the way to the bank!

If that doesn’t get your attention, what will?!

But I missed getting in on the ground floor – is it too late?

Absolutely not - the time to invest is NOW! The meteoric rise of Bitcoin made thousands of early investors rich. Luckily, you’re not too late - people investing NOW are STILL reaping MASSIVE rewards.

After having taken a bit of a breather in 2018, Bitcoin is once again on the rise, with industry experts predicting another bull run. Analyst Julian Hosp believes that Bitcoin still has the potential to rise to up to $60 000. (Disclaimer: this is an estimation - no one can predict digital currency trends with certainty.)

What is certain is that over the past three months, Bitcoin has gained nearly 300% in value, reaching figures of over $11000. Those who bought Bitcoin when it was at $3500 a few months ago have seen massive returns as the cryptocurrency continues upwards.

A Great Opportunity to Create Wealth

"Bitcoin is better than currency" – Bill Gates

These days, everyone from Paypal founder and billionaire venture capitalist Peter Thiel to Virgin founder Sir Richard Branson, and the famed Facebook pair, the Winklevoss twins, have invested in Bitcoin. In fact, the Winklevoss twins became the world's first Bitcoin billionaires in December 2017. Richard Branson is now accepting Bitcoin as payment for Virgin's upcoming space flights.

Along with those who have always been believers, those in the financial sector who doubted are starting to come around. JPMorgan Chase & Co CEO, Jamie Dimon, even admitted “I regret making comments saying Bitcoin is a fraud…” in an interview with Fox News.

It’s 2019 and cryptocurrency adoption is growing fast – you’ll find more stores with “Bitcoin accepted here” stickers on their windows, new Bitcoin ATM’s popping up around the world, and more people talking about it with interest and intrigue. With good reason

Get Started Today

You might be asking, since the promise of success and value is all well and good, how does one get onboard? We’ve tried out a number of Bitcoin exchanges and our favourite is Coindirect. Some of the reasons we favour Coindirect include:

  • Sign up is FREE, quick and easy
  • You can make your first trade in under 5 minutes (Bitcoin can rise a lot in one day – why risk missing out?)
  • You can pay with credit card
  • You are offered 24-hour support and assistance
  • It’s 100% safe and secure
  • Free $2 bonus if you join and transact in the next 48 hours
  • They offer the CHEAPEST Bitcoin in South Africa (Why overpay when you’re investing for growth?)

Getting started doesn’t require much - all you need is a small deposit (minimum R250), and the more Bitcoin grows in the crypto market exchange, the more you’ll see your investment grow. You can also withdraw your funds at any time.

We’ve done a deal with the kind folk at Coindirect– they are going to give the first 200 people who make a purchase with this link a $2 bonus to kickstart their trading.

Your journey to financial freedom begins here.

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General risk warning: Finance24, Coindirect and it's affiliates are not licensed financial advisors. Any investment activities involve a high risk. For this, trading is not recommended to all types of investors. Before engaging in investments, you should be fully aware of any and all risks involved. Finance24 and Coindirect are not responsible for any trading losses incurred.

Terms and conditions

Subscribe

Receive the latest financial, stock, business news and updates, delivered to your inbox.

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Bitcoin is on the rise again! Is now a good time to buy? Buttons

Bitcoin is on the rise again! Is now a good time to buy?

The answer is a resounding YES! Since 2013, the value of a Bitcoin has skyrocketed from $13 to $11,000. That represents a staggering total growth of 85,000% - far more than the type of returns you would have earned had you invested in super stocks like Amazon during the same time period!

To put that into perspective, with 15 Bitcoin in 2013 you would have been able to buy groceries for a week – today you would be able to buy groceries for the next 12 years and still have some cash left over. Those few lucky South Africans who were lucky enough to invest in Bitcoin stock when a share was worth just  R110 in 2013, now find themselves laughing all the way to the bank!

If that doesn’t get your attention, what will?!

But I missed getting in on the ground floor – is it too late?

Absolutely not - the time to invest is NOW! The meteoric rise of Bitcoin made thousands of early investors rich. Luckily, you’re not too late - people investing NOW are STILL reaping MASSIVE rewards.

After having taken a bit of a breather in 2018, Bitcoin is once again on the rise, with industry experts predicting another bull run. Analyst Julian Hosp believes that Bitcoin still has the potential to rise to up to $60 000. (Disclaimer: this is an estimation - no one can predict digital currency trends with certainty.)

What is certain is that over the past three months, Bitcoin has gained nearly 300% in value, reaching figures of over $11000. Those who bought Bitcoin when it was at $3500 a few months ago have seen massive returns as the cryptocurrency continues upwards.

A Great Opportunity to Create Wealth

"Bitcoin is better than currency" – Bill Gates

These days, everyone from Paypal founder and billionaire venture capitalist Peter Thiel to Virgin founder Sir Richard Branson, and the famed Facebook pair, the Winklevoss twins, have invested in Bitcoin. In fact, the Winklevoss twins became the world's first Bitcoin billionaires in December 2017. Richard Branson is now accepting Bitcoin as payment for Virgin's upcoming space flights.

Along with those who have always been believers, those in the financial sector who doubted are starting to come around. JPMorgan Chase & Co CEO, Jamie Dimon, even admitted “I regret making comments saying Bitcoin is a fraud…” in an interview with Fox News.

It’s 2019 and cryptocurrency adoption is growing fast – you’ll find more stores with “Bitcoin accepted here” stickers on their windows, new Bitcoin ATM’s popping up around the world, and more people talking about it with interest and intrigue. With good reason

Get Started Today

You might be asking, since the promise of success and value is all well and good, how does one get onboard? We’ve tried out a number of Bitcoin exchanges and our favourite is Coindirect. Some of the reasons we favour Coindirect include:

  • Sign up is FREE, quick and easy
  • You can make your first trade in under 5 minutes (Bitcoin can rise a lot in one day – why risk missing out?)
  • You can pay with credit card
  • You are offered 24-hour support and assistance
  • It’s 100% safe and secure
  • Free $2 bonus if you join and transact in the next 48 hours
  • They offer the CHEAPEST Bitcoin in South Africa (Why overpay when you’re investing for growth?)

Getting started doesn’t require much - all you need is a small deposit (minimum R250), and the more Bitcoin grows in the crypto market exchange, the more you’ll see your investment grow. You can also withdraw your funds at any time.

We’ve done a deal with the kind folk at Coindirect– they are going to give the first 200 people who make a purchase with this link a $2 bonus to kickstart their trading.

Your journey to financial freedom begins here.

Name
Open 24H
Low 24H
High 24H
Change
% Change
Volume 24H

About Us

General risk warning: Finance24, Coindirect and it's affiliates are not licensed financial advisors. Any investment activities involve a high risk. For this, trading is not recommended to all types of investors. Before engaging in investments, you should be fully aware of any and all risks involved. Finance24 and Coindirect are not responsible for any trading losses incurred.

Terms and conditions

Subscribe

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Bitcoin Trading News South Africa

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Finance24 brings you the latest business news 24 hours a day 7 days a week.

The editorial board of Finance24 consists of diverse analysts, both financial journalists and people with operating experience on the markets and stock exchanges.

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No incentive

Bitcoin is on the rise again! Is now a good time to buy?

Since 2013, the value of a Bitcoin has skyrocketed from $13 to $11,000. That represents an amazing growth of 85,000%. This is far more than the type of money you would have earned had you invested in shares like Amazon during the same time period! 

To put that into perspective, with 15 Bitcoin in 2013 you would have been able to buy groceries for a week – today you would be able to buy groceries for the next 12 years and still have some cash left over. Those few Nigerians who were lucky enough to invest in Bitcoin stock when a share was worth just ₦2760 in 2013, now find themselves laughing all the way to the bank!

If that doesn’t get your attention, we don’t know what will?!

I missed getting in early – is it too late?

Absolutely not! The rise of digital currencies has made thousands of investors rich. Luckily, you’re not too late - people investing NOW are STILL reaping MASSIVE rewards. 

The value of one Bitcoin has gained nearly 300% in value in the past three months, reaching figures of over $11000. Those who bought Bitcoin when it was at $3500 a few months ago have seen massive returns as the cryptocurrency continues upwards.

A Great Opportunity to Create Wealth

"Bitcoin is better than currency" – Bill Gates

These days, people like Paypal founder and billionaire Peter Thiel to Virgin founder Sir Richard Branson, and the famed Facebook pair, the Winklevoss twins, have invested in Bitcoin. In fact, the Winklevoss twins became the world's first Bitcoin billionaires in December 2017 and Richard Branson is now accepting Bitcoin as payment for Virgin’s upcoming space flights. 

Get Started Today

You might be asking, since the promise of success and value is all well and good, how does one get onboard? We’ve tried out a number of Bitcoin exchanges and our favourite is Coindirect. Some of the reasons we favour Coindirect include:

  • Sign up is FREE, quick and easy
  • You can make your first trade in under 5 minutes (Bitcoin can rise a lot in one day – why risk missing out?)
  • You can pay with credit card
  • You are offered 24-hour support and assistance
  • It’s 100% safe and secure
  • They offer the CHEAPEST Bitcoin in Nigeria (Why overpay when you’re investing for growth?)

Getting started doesn’t require much - all you need is a small deposit (minimum 7500), and the more Bitcoin grows in the crypto market exchange, the more you’ll see your investment grow. You can also withdraw your funds at any time.

Your journey to financial freedom begins here.

General risk warning: Finance24, Coindirect and its affiliates are not a licensed financial advisors. Any investment activities involve a high risk. For this, trading is not recommended to all types of investment. Before engaging in investments, you should be fully aware of any and all risks involved. Finance24 is not responsible for any trading loss incurred.

Terms and conditions

About Us

Finance24 brings you the latest business news 24 hours a day 7 days a week.

The editorial board of Finance24 consists of diverse analysts, both financial journalists and people with operating experience on the markets and stock exchanges.

Safe page stocks

Bitcoin Trading News South Africa

Stocks hold steady with the June rally ahead of US-China trade talks

Stocks have been holding steady since Monday as investors were considering the meeting between United States President Donald Trump and Chinese President Xi Jinping at the G-20 summit this week.

The Dow Jones Industrial Average closed at only 8.41 points higher at 26,727.54, while the S&P 500 decreased by a modest 0.2% to 2,945.35. The Nasdaq Composite closed at a 0.3% dip at 8,005.70.

It's expected that Trump and Xi will discuss the continuous trade war between the U.S. and China at the summit which is starting on Friday in Osaka, Japan. Investors are optimistic the leaders will move closer to a deal that will see a conclustion to the conflict.

Mona Mahajan, U.S. investment strategist at AllianzGI said:

What we probably see is them having talks to have talks about trade. Perhaps the market is OK with that, but our feeling is the rhetoric we’re getting out of China — and Chinese media, in particular — has become much more hard-lined. There is real pushback from the Communist Party; they don’t want the U.S. and President Trump to interfere in their political and ideological systems. It feels like the likelihood of them coming together for a deal is pretty de minimis at this point. But the idea that the whole thing doesn’t collapse is, I guess, a positive for the market.”

Over the past year, China and the U.S. have put tariffs on billions of dollars worth of goods. In the previous month, they both spiked the tariffs with a particular focus on goods.

Christopher Granville, the managing director in the field of global political research at TS Lombard commented:

"Financial markets welcomed the announcement that a full-blown standalone US-China ‘bilateral’ meeting would be held in the margins of the annual G20 Summit. That was an understandable relief reaction. Judging by the more conciliatory tone from both Washington and Beijing last week, the likely optics of the Trump-Xi talks will resemble the previous G20 meeting in Buenos Aires last December. “Back then, the leaders’ friendly rapport supplied the impetus to launch a new series of negotiations, with an agreement to refrain from further tariff hikes or other punitive action for the following three months while the talks proceeded. ”

The hope has helped spark a massive increase in trading this month. Major indexes have seen an increase of at least 7% each in June so far. The gains contrast with May, which was affected by the Chinese and US tariffs on each other's goods.

Equities have also been boosted by the potential of more simple monetary policies coming in from the Federal Reserve. The Federal Reserve said last week that it would “act as appropriate” with the intention of maintaining economic growth. The result of this is that traders are pricing in a 100% probability of rate cut in the next month.

Mike Mangieri, the managing partner at Seven Points Capital said:

“It’s the Fed and nothing else matters. It’s like the pre-defined trade now. There’s no worry. And if there is worry, the Fed will put a Band-Aid on it.”

General risk warning: Finance24 is not a licensed financial advisor. Any investment activities involve a high risk. For this, trading is not recommended to all types of investment. Before engaging in investments, you should be fully aware of any and all risks involved. Finance24 is not responsible for any trading loss incurred.

Terms and conditions

About Us

Finance24 brings you the latest business news 24 hours a day 7 days a week.

The editorial board of Finance24 consists of diverse analysts, both financial journalists and people with operating experience on the markets and stock exchanges.

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Safe page 2 Global stock market

Bitcoin Trading News South Africa

Global stocks are on the way to see the best first half in over 20 years

The global stock market is on track to deliver its best first-half performance in over two decades years as American shares surge to record highs.

The growth of the stock market is because central banks around the world have signalled that they will reduce interest rates or release new incentives to aid with problems related to growing global headwinds.

Last week, the US Federal Reserve held interest rates at between 2.25% and 2.50% but have issued that they will make cuts soon.

The move helped increase the S&P 500 US stock index to a brand new high of 2,964.15 on Friday. In turn, this reduced the dollar’s value, making US exports more competitively priced. It also helps companies with cheaper borrowing potentials.

As a result, the MSCI World index is now on the way to achieve its best first-half performance in 22 years. It has climbed 16% so far this year.

The potential that trade talks between the US and China will be restarted has also sparked an increase in American and global stocks. Last week, the US President Donald Trump declared that he would be holding a meeting with China’s President Xi Jinping at the upcoming G20 summit.

The Fed is the most recent central bank to crack against financial constriction. The European Central Bank stated earlier this month that it would maintain interest rates at low levels until the second half of 2020 at least.

Its direction had previously stated that rates would be kept until only the end of 2019, but slow Eurozone growth and flat inflation have put pressure on the bank, so its key lending rate will stay at 0%.

Barclay’s Christian Keller and Michael Gapen, said:

“We now expect [central banks] in India, Indonesia, Korea, Russia, South Africa, Turkey and Brazil… to cut their policy rates, albeit at different magnitudes and with different timings. In our view, the Fed is likely to ease even if the outcome of G20 talks between the US and China lead to some reduction in trade tensions”.

General risk warning: Finance24 is not a licensed financial advisor. Any investment activities involve a high risk. For this, trading is not recommended to all types of investment. Before engaging in investments, you should be fully aware of any and all risks involved. Finance24 is not responsible for any trading loss incurred.

Terms and conditions

About Us

Finance24 brings you the latest business news 24 hours a day 7 days a week.

The editorial board of Finance24 consists of diverse analysts, both financial journalists and people with operating experience on the markets and stock exchanges.

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Bitcoin Trading News South Africa

You should consider buying these three Warren Buffett Stocks now

The world’s top financial expert is doing it, and you can too.

Investors listen closely to how the CEO of Berkshire Hathaway Warren Buffett puts his fortune of more than $80 billion to work.

Most of his wealth is held in shares of Berkshire Hathaway, where Buffett, and his two key stock advisors Ted Weschler and Todd Combs, control a portfolio of industry-leading companies.

While that might not mean that all investors should imitate Berkshire's portfolio, it does beg the question: Are there any stocks backed by Buffet that are worth buying today?

Power in retail

Costco (Steve Symington)

We all know that Buffett respects robust businesses with sustainable models, so it’s not surprising that Berkshire Hathaway owns a 1% stake in Costco currently. This in total is worth nearly $1.2 billion.

The warehouse retailer has flourished despite the increase of low-margin internet competitors. This is because of factors such as the simple operating structure, consistently growing store base, a loyal base of members, and its own industry initiatives.

Furthermore, Costco is readying to streamline its business with plans to include self-checkout kiosks to hundreds of their locations in upcoming months.

With their shares trading at all-time highs now, it's obvious that Costco is being compensated for its relative achievements. With a dividend giving around 1% a year at today's prices and no clear sign of the fundamental business losing steam, it seems as though the shares are still worth buying, especially for the patient, long-term investors.

A piece of the pie

Apple (Keith Noonan)

When Berkshire made Apple its largest stock holding, it showed an important vote of confidence. However, investors have had to deal with diminishing iPhone sales and the potential outcome that the leading tech company might not be able to depend on its mobile phones to drive innovation and growth.

While that might be significantly risky for Apple, the business still looks like it’s in a pretty good position to succeed long-term. It would be facile to believe that Apple’s growth revenues are shut down, with opportunities arising between the expansion of its software and operations ecosystem and the introduction of new devices showing unprecedented technology.

Apple already has a percentage of third-party sales through the App Store and its leapt to move into entertainment services through subscriptions such as Apple Music. These ideas have helped services revenue increase by 16% year over year last quarter, with more still to come. The business has developed and is releasing a video streaming and gaming service. As more users buy products and services in-app, the mobile features have become even more cohesive into everyday business.

A profitable jungle

Amazon.com (Chris Neiger)

Berkshire Hathaway was quick to buy shares of Amazon in the first quarter of this year. Whenever Buffett looks to make an investment, it's worth looking into. Amazon is the biggest online retailer in the U.S., boasting about 38% of all e-commerce sales in the country.

Amazon's spearheading the market has given the company a massive advantage. If we consider that only 10% of all U.S. retail sales happen on the internet now, there's still a lot of room for more development as individuals head towards the tech side.

The company also makes a profit from its expanding advertising business, as well as its Amazon Web Services cloud computing company. The cloud service is Amazon's main profit generator now and is the biggest in the industry. As cloud computing is poised to become a $278 billion market by 2021, there’s little doubt that Amazon will benefit from this for years.

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General risk warning: Finance24 is not a licensed financial advisor. Any investment activities involve a high risk. For this, trading is not recommended to all types of investment. Before engaging in investments, you should be fully aware of any and all risks involved. Finance24 is not responsible for any trading loss incurred.

About Us

Finance24 brings you the latest business news 24 hours a day 7 days a week.

The editorial board of Finance24 consists of diverse analysts, both financial journalists and people with operating experience on the markets and stock exchanges.

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