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If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop
skP
2021-09-17
[龇牙]
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skP
2021-09-17
[真香]
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skP
2021-09-17
...
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skP
2021-09-17
Good to start on it...
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A leaked <b>Citibank</b> report shows that the analysts over there think that the price could climb toward $300,000. Billionaire <b>Tim Draper</b> has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.</p>\n<p>And, in the most bullish call of them all, <b>Anthony Pompliano</b>– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.</p>\n<p>Big numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?</p>\n<p>Our short answer:<b><i>Yes.</i></b></p>\n<p>And the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.</p>\n<p>That’s the back-of-the-envelope reasoning and math behind the $500,000 price target.</p>\n<p>Of course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.</p>\n<p><u>We think both are fair assumptions</u>.</p>\n<p>The modern value of gold derives from <b><i>scarcity</i></b>. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.</p>\n<p>But those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.</p>\n<p>The same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.</p>\n<p>In other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.</p>\n<p>Meanwhile, Bitcoin is <b><i>digital</i></b>, while gold is <b><i>physical</i></b>, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.</p>\n<p>In that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.</p>\n<p>Therefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online. <b>But you can use Bitcoin for that.</b></p>\n<p>To that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.</p>\n<p>All in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.</p>\n<p>How long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.</p>\n<p><u>That’s an</u> <u><b><i>amazing</i></b></u> <u>return</u>.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 11:37 GMT+8 <a href=https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next ...</p>\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199759162","content_text":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years. Tyler Winklevoss of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at JPMorgan has set a theoretical long-term price target for BTC of $130,000. A leaked Citibank report shows that the analysts over there think that the price could climb toward $300,000. Billionaire Tim Draper has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all, Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is digital, while gold is physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online. But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an amazing return.","news_type":1},"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":884310078,"gmtCreate":1631855270694,"gmtModify":1632805758371,"author":{"id":"3560593938881821","authorId":"3560593938881821","name":"skP","avatar":"https://static.tigerbbs.com/edf8a98fd1be399d8bf674fa1c351112","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560593938881821","authorIdStr":"3560593938881821"},"themes":[],"htmlText":"[龇牙] ","listText":"[龇牙] ","text":"[龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/884310078","repostId":"1122464320","repostType":4,"isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":884337312,"gmtCreate":1631855159136,"gmtModify":1632805758899,"author":{"id":"3560593938881821","authorId":"3560593938881821","name":"skP","avatar":"https://static.tigerbbs.com/edf8a98fd1be399d8bf674fa1c351112","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560593938881821","authorIdStr":"3560593938881821"},"themes":[],"htmlText":"[真香] ","listText":"[真香] ","text":"[真香]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/884337312","repostId":"2167546405","repostType":4,"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":884334887,"gmtCreate":1631855113549,"gmtModify":1632805759427,"author":{"id":"3560593938881821","authorId":"3560593938881821","name":"skP","avatar":"https://static.tigerbbs.com/edf8a98fd1be399d8bf674fa1c351112","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560593938881821","authorIdStr":"3560593938881821"},"themes":[],"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/884334887","repostId":"2168528660","repostType":4,"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884335623,"gmtCreate":1631855017662,"gmtModify":1632805759753,"author":{"id":"3560593938881821","authorId":"3560593938881821","name":"skP","avatar":"https://static.tigerbbs.com/edf8a98fd1be399d8bf674fa1c351112","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560593938881821","authorIdStr":"3560593938881821"},"themes":[],"htmlText":"Good to start on it...","listText":"Good to start on it...","text":"Good to start on it...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/884335623","repostId":"2168528707","repostType":4,"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":861358291,"gmtCreate":1632461788213,"gmtModify":1632464357082,"author":{"id":"3560593938881821","authorId":"3560593938881821","name":"skP","avatar":"https://static.tigerbbs.com/edf8a98fd1be399d8bf674fa1c351112","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560593938881821","idStr":"3560593938881821"},"themes":[],"htmlText":"Go beyond...","listText":"Go beyond...","text":"Go beyond...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/861358291","repostId":"1199759162","repostType":4,"repost":{"id":"1199759162","pubTimestamp":1632454663,"share":"https://www.laohu8.com/m/news/1199759162?lang=&edition=full","pubTime":"2021-09-24 11:37","market":"us","language":"en","title":"If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop","url":"https://stock-news.laohu8.com/highlight/detail?id=1199759162","media":"investorplace","summary":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood ","content":"<p>Everyone loves to throw out long-term price targets on <b><u>Bitcoin</u></b>.</p>\n<p>ARK Invest fund manager <b>Cathie Wood</b> last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years. <b>Tyler Winklevoss</b> of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.</p>\n<p>Meanwhile, the relatively conservative analyst team over at <b>JPMorgan</b> has set a theoretical long-term price target for BTC of $130,000. A leaked <b>Citibank</b> report shows that the analysts over there think that the price could climb toward $300,000. Billionaire <b>Tim Draper</b> has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.</p>\n<p>And, in the most bullish call of them all, <b>Anthony Pompliano</b>– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.</p>\n<p>Big numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?</p>\n<p>Our short answer:<b><i>Yes.</i></b></p>\n<p>And the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.</p>\n<p>That’s the back-of-the-envelope reasoning and math behind the $500,000 price target.</p>\n<p>Of course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.</p>\n<p><u>We think both are fair assumptions</u>.</p>\n<p>The modern value of gold derives from <b><i>scarcity</i></b>. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.</p>\n<p>But those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.</p>\n<p>The same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.</p>\n<p>In other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.</p>\n<p>Meanwhile, Bitcoin is <b><i>digital</i></b>, while gold is <b><i>physical</i></b>, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.</p>\n<p>In that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.</p>\n<p>Therefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online. <b>But you can use Bitcoin for that.</b></p>\n<p>To that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.</p>\n<p>All in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.</p>\n<p>How long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.</p>\n<p><u>That’s an</u> <u><b><i>amazing</i></b></u> <u>return</u>.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 11:37 GMT+8 <a href=https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next ...</p>\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199759162","content_text":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years. Tyler Winklevoss of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at JPMorgan has set a theoretical long-term price target for BTC of $130,000. A leaked Citibank report shows that the analysts over there think that the price could climb toward $300,000. Billionaire Tim Draper has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all, Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is digital, while gold is physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online. But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an amazing return.","news_type":1},"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":884335623,"gmtCreate":1631855017662,"gmtModify":1632805759753,"author":{"id":"3560593938881821","authorId":"3560593938881821","name":"skP","avatar":"https://static.tigerbbs.com/edf8a98fd1be399d8bf674fa1c351112","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560593938881821","idStr":"3560593938881821"},"themes":[],"htmlText":"Good to start on it...","listText":"Good to start on it...","text":"Good to start on it...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/884335623","repostId":"2168528707","repostType":4,"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884310078,"gmtCreate":1631855270694,"gmtModify":1632805758371,"author":{"id":"3560593938881821","authorId":"3560593938881821","name":"skP","avatar":"https://static.tigerbbs.com/edf8a98fd1be399d8bf674fa1c351112","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560593938881821","idStr":"3560593938881821"},"themes":[],"htmlText":"[龇牙] ","listText":"[龇牙] ","text":"[龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/884310078","repostId":"1122464320","repostType":4,"repost":{"id":"1122464320","pubTimestamp":1631843035,"share":"https://www.laohu8.com/m/news/1122464320?lang=&edition=full","pubTime":"2021-09-17 09:43","market":"us","language":"en","title":"Identity Software Startup ForgeRock Adds to Week’s IPO Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=1122464320","media":"Bloomberg","summary":"(Bloomberg) -- ForgeRock Inc., a maker of identity-verification software, rose 46% in its trading de","content":"<p>(Bloomberg) -- ForgeRock Inc., a maker of identity-verification software, rose 46% in its trading debut, joining a dozen U.S. initial public offerings that have delivered first-day gains this week.</p>\n<p>The San Francisco-based company raised $275 million, selling 11 million shares for $25 each after marketing them for $21 to $24. The shares closed at $36.50 Thursday in New York trading, giving ForgeRock a market value of about $2.9 billion.</p>\n<p>Accounting for stock options, restricted stock units and preferred and common stock warrants, the company would have a fully diluted value of more than $3.3 billion.</p>\n<p>ForgeRock is the 12th in a swarm of IPOs this week that have raised $4.38 billion on U.S. exchanges, according to data compiled by Bloomberg. So far, shares of those companies, which don’t include blank-check companies, are trading 45% above their IPO prices on a weighted average basis, the data show.</p>\n<p>Technology consulting firm Thoughtworks Holding Inc.’s $774 million listing was the largest of those IPOs. On Holding AG, the maker of On running shoes backed by tennis star Roger Federer, has now topped that with $858 million including so-called greenshoe shares issued after the trading debut by underwriters.</p>\n<p>Banks, Cars</p>\n<p>ForgeRock Chief Executive Officer Fran Rosch said the company’s customer base has grown beyond financial services firms and banks to include more clients in health care, retail, telecommunications and even the auto industry.</p>\n<p>“More and more of us are doing our work remotely and we’re banking and shopping -- and health care and public services -- online,” Rosch said in an interview. “That creates a really strong demand for digital identity products.”</p>\n<p>The IPO proceeds will be used to continue to double down on technology innovation, he said.</p>\n<p>“One of the trends that we see in the enterprise space is that desire to have a converged platform, a single enterprise platform, to manage all of your identities,” Rosch said. “We see that as a way for us to maybe land within an account and expand.”</p>\n<p>ForgeRock had a net loss of $20 million in the first six months of the year, down from $36 million in same period in 2020. Meanwhile, its revenue for that period climbed to $85 million from $55 million, according to the filing.</p>\n<p>In April 2020, ForgeRock said it raised almost $94 million in a funding round led by Riverwood Capital and included investors such as Accel, Meritech Capital Partners and Foundation Capital. Those firms each control 5% or more of the company’s shares, according to the IPO filing.</p>\n<p>Accel’s Timeline</p>\n<p>Arun Mathew, who lead’s Accel’s growth investments in the enterprise, security and infrastructure markets, said he’s seeing more of the firm’s companies accelerating growth rates as they scale up.</p>\n<p>“We traditionally don’t see that,” Mathew said. “As companies get bigger, their growth rates start to decrease. So I think we’re moving up the IPO timeline for a number of companies just given all the tailwinds that we’re seeing around the categories we’re investing into.”</p>\n<p>ForgeRock’s offering was led by Morgan Stanley and JPMorgan Chase & Co. The shares are trading on the New York Stock Exchange under the symbol FORG.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Identity Software Startup ForgeRock Adds to Week’s IPO Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIdentity Software Startup ForgeRock Adds to Week’s IPO Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 09:43 GMT+8 <a href=https://finance.yahoo.com/news/identity-software-startup-forgerock-adds-171932428.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ForgeRock Inc., a maker of identity-verification software, rose 46% in its trading debut, joining a dozen U.S. initial public offerings that have delivered first-day gains this week.\n...</p>\n\n<a href=\"https://finance.yahoo.com/news/identity-software-startup-forgerock-adds-171932428.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/identity-software-startup-forgerock-adds-171932428.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122464320","content_text":"(Bloomberg) -- ForgeRock Inc., a maker of identity-verification software, rose 46% in its trading debut, joining a dozen U.S. initial public offerings that have delivered first-day gains this week.\nThe San Francisco-based company raised $275 million, selling 11 million shares for $25 each after marketing them for $21 to $24. The shares closed at $36.50 Thursday in New York trading, giving ForgeRock a market value of about $2.9 billion.\nAccounting for stock options, restricted stock units and preferred and common stock warrants, the company would have a fully diluted value of more than $3.3 billion.\nForgeRock is the 12th in a swarm of IPOs this week that have raised $4.38 billion on U.S. exchanges, according to data compiled by Bloomberg. So far, shares of those companies, which don’t include blank-check companies, are trading 45% above their IPO prices on a weighted average basis, the data show.\nTechnology consulting firm Thoughtworks Holding Inc.’s $774 million listing was the largest of those IPOs. On Holding AG, the maker of On running shoes backed by tennis star Roger Federer, has now topped that with $858 million including so-called greenshoe shares issued after the trading debut by underwriters.\nBanks, Cars\nForgeRock Chief Executive Officer Fran Rosch said the company’s customer base has grown beyond financial services firms and banks to include more clients in health care, retail, telecommunications and even the auto industry.\n“More and more of us are doing our work remotely and we’re banking and shopping -- and health care and public services -- online,” Rosch said in an interview. “That creates a really strong demand for digital identity products.”\nThe IPO proceeds will be used to continue to double down on technology innovation, he said.\n“One of the trends that we see in the enterprise space is that desire to have a converged platform, a single enterprise platform, to manage all of your identities,” Rosch said. “We see that as a way for us to maybe land within an account and expand.”\nForgeRock had a net loss of $20 million in the first six months of the year, down from $36 million in same period in 2020. Meanwhile, its revenue for that period climbed to $85 million from $55 million, according to the filing.\nIn April 2020, ForgeRock said it raised almost $94 million in a funding round led by Riverwood Capital and included investors such as Accel, Meritech Capital Partners and Foundation Capital. Those firms each control 5% or more of the company’s shares, according to the IPO filing.\nAccel’s Timeline\nArun Mathew, who lead’s Accel’s growth investments in the enterprise, security and infrastructure markets, said he’s seeing more of the firm’s companies accelerating growth rates as they scale up.\n“We traditionally don’t see that,” Mathew said. “As companies get bigger, their growth rates start to decrease. So I think we’re moving up the IPO timeline for a number of companies just given all the tailwinds that we’re seeing around the categories we’re investing into.”\nForgeRock’s offering was led by Morgan Stanley and JPMorgan Chase & Co. The shares are trading on the New York Stock Exchange under the symbol FORG.","news_type":1},"isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":884337312,"gmtCreate":1631855159136,"gmtModify":1632805758899,"author":{"id":"3560593938881821","authorId":"3560593938881821","name":"skP","avatar":"https://static.tigerbbs.com/edf8a98fd1be399d8bf674fa1c351112","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560593938881821","idStr":"3560593938881821"},"themes":[],"htmlText":"[真香] ","listText":"[真香] ","text":"[真香]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/884337312","repostId":"2167546405","repostType":4,"repost":{"id":"2167546405","pubTimestamp":1631845080,"share":"https://www.laohu8.com/m/news/2167546405?lang=&edition=full","pubTime":"2021-09-17 10:18","market":"us","language":"en","title":"Could GameStop Stock Supercharge Your Portfolio?","url":"https://stock-news.laohu8.com/highlight/detail?id=2167546405","media":"Motley Fool","summary":"Small investors could struggle to benefit despite massive, recent gains.","content":"<p><b>GameStop </b>(NYSE:GME) stock is up some 950% year to date, eclipsing the already healthy gains in the broader stock market. However, the recent success of its shares may not necessarily mean this video game retailer can create fortunes for new investors. Let's take a closer look to see what may lie ahead for the company.</p>\n<h2>The state of GameStop</h2>\n<p>Without question, increased investor interest has become a boon to GameStop's stock. The shares fell below $6 per share late last year, because game downloads seemed to have made its retail model obsolete.</p>\n<p>However, activity in Reddit's WallStreetBets forum led to an army of small investors buying into the company, countering moves by institutional investors to short the stock. Such interest took GameStop from near penny-stock status to an intraday high of $483 per share in January.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/74c39b05079150d2485fbc901f3217fe\" tg-width=\"720\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>GME data by YCharts</span></p>\n<p>Although the stock has cooled off a bit since then, investors have more reason now to believe in the company. In April, GameStop removed its old CEO and CFO and installed <b>Chewy </b>founder Ryan Cohen as chairman.</p>\n<p>Under this new leadership, GameStop bills itself as a \"digital-first, omnichannel retailer.\" In keeping with that, it has permanently closed 480 stores since August 2020 and at the same time expanded its fulfillment network for customer orders, including a new 530,00-square-foot facility in Reno, Nevada, and a 700,000-square-foot facility in York, Pennsylvania.</p>\n<p>It also now actively competes in the game download market, looking to become a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-stop shop where gamers can find products from several different companies. And it has gone into selling collectibles, accessories, and other items.</p>\n<h2>Why the changes may lead to survival instead of success</h2>\n<p>The new approach seems to have started turning its fortunes around. For the first six months of the year, revenue came in at just under $2.5 billion, a 25% increase from the same period in 2020. While that still led to a net loss of $128 million during the first half of 2021, it was a sharp reduction from the $277 million loss experienced in the first half of 2020.</p>\n<p>In both its latest 10-Q and earnings call, the company emphasizes its intent to improve the efficiency of its e-commerce operations. Still, CEO Matt Furlong did not take analysts' questions on the earnings call, leaving some issues about this strategic pivot unanswered.</p>\n<p>As of now, the company's prospects for success in e-commerce remain unclear. Even if the company succeeds as a centralized download platform, it could continue to struggle with maintaining a discernible competitive moat as it offers no advantage on price over downloading games directly from creators. Similarly, the collectibles and accessories businesses it has entered also remain competitive. With GameStop declining to offer any forward guidance, its new path remains uncertain at best.</p>\n<h2>Limited prospects for further gains</h2>\n<p>No doubt, changes in the C-suite have further enhanced the company's odds. Nonetheless, it appears the changes may still leave its competitive moat relatively weak. Given its ongoing challenges, today's investors -- even those who bought GameStop near its 52-week low -- could struggle to benefit further from this stock.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Could GameStop Stock Supercharge Your Portfolio?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCould GameStop Stock Supercharge Your Portfolio?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 10:18 GMT+8 <a href=https://www.fool.com/investing/2021/09/16/could-gamestop-stock-supercharge-your-portfolio/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (NYSE:GME) stock is up some 950% year to date, eclipsing the already healthy gains in the broader stock market. However, the recent success of its shares may not necessarily mean this video ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/16/could-gamestop-stock-supercharge-your-portfolio/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.fool.com/investing/2021/09/16/could-gamestop-stock-supercharge-your-portfolio/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167546405","content_text":"GameStop (NYSE:GME) stock is up some 950% year to date, eclipsing the already healthy gains in the broader stock market. However, the recent success of its shares may not necessarily mean this video game retailer can create fortunes for new investors. Let's take a closer look to see what may lie ahead for the company.\nThe state of GameStop\nWithout question, increased investor interest has become a boon to GameStop's stock. The shares fell below $6 per share late last year, because game downloads seemed to have made its retail model obsolete.\nHowever, activity in Reddit's WallStreetBets forum led to an army of small investors buying into the company, countering moves by institutional investors to short the stock. Such interest took GameStop from near penny-stock status to an intraday high of $483 per share in January.\nGME data by YCharts\nAlthough the stock has cooled off a bit since then, investors have more reason now to believe in the company. In April, GameStop removed its old CEO and CFO and installed Chewy founder Ryan Cohen as chairman.\nUnder this new leadership, GameStop bills itself as a \"digital-first, omnichannel retailer.\" In keeping with that, it has permanently closed 480 stores since August 2020 and at the same time expanded its fulfillment network for customer orders, including a new 530,00-square-foot facility in Reno, Nevada, and a 700,000-square-foot facility in York, Pennsylvania.\nIt also now actively competes in the game download market, looking to become a one-stop shop where gamers can find products from several different companies. And it has gone into selling collectibles, accessories, and other items.\nWhy the changes may lead to survival instead of success\nThe new approach seems to have started turning its fortunes around. For the first six months of the year, revenue came in at just under $2.5 billion, a 25% increase from the same period in 2020. While that still led to a net loss of $128 million during the first half of 2021, it was a sharp reduction from the $277 million loss experienced in the first half of 2020.\nIn both its latest 10-Q and earnings call, the company emphasizes its intent to improve the efficiency of its e-commerce operations. Still, CEO Matt Furlong did not take analysts' questions on the earnings call, leaving some issues about this strategic pivot unanswered.\nAs of now, the company's prospects for success in e-commerce remain unclear. Even if the company succeeds as a centralized download platform, it could continue to struggle with maintaining a discernible competitive moat as it offers no advantage on price over downloading games directly from creators. Similarly, the collectibles and accessories businesses it has entered also remain competitive. With GameStop declining to offer any forward guidance, its new path remains uncertain at best.\nLimited prospects for further gains\nNo doubt, changes in the C-suite have further enhanced the company's odds. Nonetheless, it appears the changes may still leave its competitive moat relatively weak. Given its ongoing challenges, today's investors -- even those who bought GameStop near its 52-week low -- could struggle to benefit further from this stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":884334887,"gmtCreate":1631855113549,"gmtModify":1632805759427,"author":{"id":"3560593938881821","authorId":"3560593938881821","name":"skP","avatar":"https://static.tigerbbs.com/edf8a98fd1be399d8bf674fa1c351112","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560593938881821","idStr":"3560593938881821"},"themes":[],"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/884334887","repostId":"2168528660","repostType":4,"repost":{"id":"2168528660","pubTimestamp":1631847120,"share":"https://www.laohu8.com/m/news/2168528660?lang=&edition=full","pubTime":"2021-09-17 10:52","market":"us","language":"en","title":"El Salvador body to investigate complaints about government's bitcoin purchases, ATM kiosks","url":"https://stock-news.laohu8.com/highlight/detail?id=2168528660","media":"StreetInsider","summary":"SAN SALVADOR (Reuters) - El Salvador's Court of Accounts, which oversees its public resources, will ","content":"<p>SAN SALVADOR (Reuters) - El Salvador's Court of Accounts, which oversees its public resources, will investigate a complaint about the government's bitcoin purchases and the construction of kiosks for cryptocurrency ATMs, according to a document seen by Reuters.</p>\n<p>El Salvador this month became the first country in the world to adopt bitcoin as legal tender, a move championed by the country's popular President Nayib Bukele.</p>\n<p>The government has also launched a digital wallet, Chivo, which is linked to newly-built cryptocurrency cash machines that allow users to withdraw physical money from their digital bitcoin holdings. Its roll out has been plagued by glitches https://www.reuters.com/technology/it-guy-in-chief-president-tries-fix-el-salvadors-bitcoin-woes-2021-09-08.</p>\n<p>The Court of Accounts, which can impose administrative and asset sanctions against officials who cannot solve shortcomings, said it received a complaint on Sept. 10 from a regional human rights and transparency organization, Cristosal, about bitcoin implementation in El Salvador.</p>\n<p>Cristosal requested an audit of the authorization processes for the purchase of bitcoins and to review the construction of the booths used for the ATMs linked to the digital wallet of Chivo, a company established with public resources.</p>\n<p>Cristosal's complaint was against six members of the Board of Directors of the Bitcóin Trust, consisting of members of the Finance and Economy ministries, as well as the secretariat of Commerce and Investments.</p>\n<p>\"Having admitted the complaint, it will be proceeded to carry out the legal analysis report and, in a timely manner, forward such report to the General Audit Coordination,\" the Court of Accounts said in an official document reviewed by Reuters.</p>\n<p>One Cristosal official, who was not authorised to speak about the matter, confirmed the complaint has been accepted.</p>\n<p>On top of sanctioning officials, the Court of Accounts is empowered to present notices to the Attorney General's Office to initiate criminal proceedings in case it finds irregularities in their investigations.</p>\n<p>President Bukele's government did not immediately respond to request for comment.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>El Salvador body to investigate complaints about government's bitcoin purchases, ATM kiosks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEl Salvador body to investigate complaints about government's bitcoin purchases, ATM kiosks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 10:52 GMT+8 <a href=https://www.streetinsider.com/dr/news.php?id=18951429><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SAN SALVADOR (Reuters) - El Salvador's Court of Accounts, which oversees its public resources, will investigate a complaint about the government's bitcoin purchases and the construction of kiosks for ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18951429\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=18951429","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168528660","content_text":"SAN SALVADOR (Reuters) - El Salvador's Court of Accounts, which oversees its public resources, will investigate a complaint about the government's bitcoin purchases and the construction of kiosks for cryptocurrency ATMs, according to a document seen by Reuters.\nEl Salvador this month became the first country in the world to adopt bitcoin as legal tender, a move championed by the country's popular President Nayib Bukele.\nThe government has also launched a digital wallet, Chivo, which is linked to newly-built cryptocurrency cash machines that allow users to withdraw physical money from their digital bitcoin holdings. Its roll out has been plagued by glitches https://www.reuters.com/technology/it-guy-in-chief-president-tries-fix-el-salvadors-bitcoin-woes-2021-09-08.\nThe Court of Accounts, which can impose administrative and asset sanctions against officials who cannot solve shortcomings, said it received a complaint on Sept. 10 from a regional human rights and transparency organization, Cristosal, about bitcoin implementation in El Salvador.\nCristosal requested an audit of the authorization processes for the purchase of bitcoins and to review the construction of the booths used for the ATMs linked to the digital wallet of Chivo, a company established with public resources.\nCristosal's complaint was against six members of the Board of Directors of the Bitcóin Trust, consisting of members of the Finance and Economy ministries, as well as the secretariat of Commerce and Investments.\n\"Having admitted the complaint, it will be proceeded to carry out the legal analysis report and, in a timely manner, forward such report to the General Audit Coordination,\" the Court of Accounts said in an official document reviewed by Reuters.\nOne Cristosal official, who was not authorised to speak about the matter, confirmed the complaint has been accepted.\nOn top of sanctioning officials, the Court of Accounts is empowered to present notices to the Attorney General's Office to initiate criminal proceedings in case it finds irregularities in their investigations.\nPresident Bukele's government did not immediately respond to request for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
