|Day's range||37,635.36 - 38,228.14|
|52-week range||16,398.14 - 38,415.34|
|Volume (24 hrs)||19.81B|
|Volume (24 hrs) all currencies||19.81B|
Berkshire Hathaway (BRK-A, BRK-B) Vice Chairman Charlie Munger staunchly opposed investments into bitcoin and other cryptocurrencies, once describing crypto assets as "a gambling contract with a nearly 100% edge for the house." Yahoo Finance Senior Business Reporter Ines Ferré breaks down the late Berkshire Hathaway executive's takes on crypto and his history of investing in Chinese companies, such as EV maker BYD Auto (BYDDY). For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The late Berkshire Hathaway (BRK-A, BRK-B) Vice Chairman Charlie Munger, alongside CEO Warren Buffett, was a big supporter of passive investment strategies and ETFs. VettaFi Head of Research Todd Rosenbluth sits down with Yahoo Finance Live to discuss major themes unfolding in exchange-traded funds, including AI plays and pending spot bitcoin ETF approval from the Securities and Exchange Commission. "We think investors are going to hold on to thematic ETFs for the longer time horizon, and of course, we are on the cusp... of a spot bitcoin ETF," Rosenbluth says. "Not exactly a thematic-oriented ETF, more of an alternative investment." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Crypto investors are awaiting Security & Exchange Commission (SEC) approval for a spot bitcoin ETF, which could unlock a surge of capital investment in the crypto space. However, this isn't the first time that crypto news created a stir of hype around digital assets, but is this time truly different? Markus Thielen, DeFiResearch.com Head of Research, joins Yahoo Finance to discuss what this ETF approval could mean for bitcoin and the crypto space, and why he feels that if approved, it could potentially reach a high price target. "I think, to put it in numbers, there's around $120 billion US dollars in precious metals ETFs in the US, so that means in gold and in silver, and if you just move 10-20% of those and shift them over into bitcoin you have certainly sort of something in the range of like $25 billion of inflow," Thielen says. "And we calculated this might have an impact of every $1 billion dollars of 4% impact on the price , so we might actually see kind of a price towards $57,000." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.