
So far this year, people have logged 2.4 billion hours reading English-language Wikipedia articles. The most popular topic? “Deaths in 2024.” Seems like dark curiosity is outpacing the buzz around the presidential race.
Bitcoin hit a milestone last night, surpassing $100K for the first time ever. Meanwhile, U.S. stock markets ended the day at all-time highs, fueled by positive remarks on the economy from Fed Chair Jerome Powell. Investors are now looking ahead to tomorrow’s November job openings report.
A strategic move: MicroStrategy, the enterprise software company, continued its bitcoin buying spree last week, purchasing 15.4K BTC for $1.5B. This increased the company’s bitcoin holdings to $38B, with $13.5B of that acquired just in the past month. CEO Michael Saylor has expressed his vision of turning the company into a "bitcoin treasury" and has suggested it may never sell its stash. MicroStrategy’s stock has surged more than 5x this year, with investors viewing it as a way to gain exposure to the original cryptocurrency. Other companies are following suit:
Hodling strong: Data reveals that bitcoin reserves on exchanges like Coinbase and Kraken have dropped to multiyear lows. Since Trump’s win, 171K BTC have been removed from exchanges, suggesting that investors are moving their coins into “cold storage” wallets for long-term safekeeping. Cold storage is a method to protect assets from hackers and exchange failures (think: FTX), though it carries the risk of losing private keys.
Bitcoin as "digital gold": Bitcoin is increasingly being viewed as a store of value similar to gold. Google Trends data shows a record high in searches for "digital gold" this month, and the US president-elect has proposed the creation of a “national bitcoin stockpile.” However, critics note that bitcoin’s price often moves in sync with tech stocks, challenging its position as a safe haven.
Presented by Gray Scale
Bit by bit… Diversify your portfolio with Bitcoin exposure, wherever you invest. Grayscale’s Bitcoin Mini Trust ETF (ticker: BTC) is one of the most affordable1 ways to gain exposure to Bitcoin through your existing brokerage account (though brokerage fees may still apply). That’s right — you don’t need a separate crypto wallet like you would to hold actual Bitcoin. You can invest in BTC the same way as any ETF.
For the crypto-curious… Grayscale is a great place to start. They’ve been offering exposure to crypto through familiar investment vehicles for over a decade. Today, they offer a suite of over 20 different funds covering Solana, Filecoin, Chainlink, and others for investors to choose from.
Type BTC on your preferred investment platform to check out the Bitcoin Mini from Grayscale. Think crypto, invest Grayscale.2
Grayscale Bitcoin Mini Trust ETF ("BTC"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds.
Upgrading the Cabin: Frontier Airlines, known for its no-frills approach and ultra-tight seating, is stepping into the first-class arena. Beginning next fall, the budget carrier will offer four first-class seats at the front of its planes. The Denver-based airline is also revamping its loyalty program, offering perks like free seat upgrades for frequent flyers. Frontier’s CEO believes these premium offerings will make a big impact, with projections estimating around $250 million in additional sales by 2026.
Climbing the Fare Ladder: Frontier isn’t the only budget airline adding upscale options to attract higher-paying customers. Spirit Airlines took similar steps in July, introducing four different fare levels and a new package that includes benefits like free Wi-Fi, a checked bag, and unlimited snacks (including alcohol). Despite these efforts, Spirit is struggling, recently filing for bankruptcy. Meanwhile, Southwest is adding extra legroom and assigning seats to boost its revenue, mirroring the industry-wide push to expand premium offerings.
Big Players Joining the Premium Push: Major carriers like Delta and United have also embraced a more tiered approach, offering budget-friendly options like basic economy, but also expanding first-class and premium economy seats for those willing to pay more.
Premium Pays Off: While regular economy seats still dominate, Delta’s premium ticket sales accounted for nearly half of its total ticketing revenue last quarter, proving that there’s big money in the higher-end offerings.
Shifting Strategies: Budget carriers like Spirit and Ryanair, once masters of the low-cost model, are finding it harder to stay competitive. As “revenge travel” continues to boom, they’re realizing they can’t just compete on price anymore. Spirit, in particular, has struggled to turn a profit since 2019 and is now working to shed its no-frills image in favor of more profitable, premium offerings.
Presented by Gray Scale
Bit by bit… Diversify your portfolio with Bitcoin exposure, wherever you invest. Grayscale’s Bitcoin Mini Trust ETF (ticker: BTC) is one of the most affordable1 ways to gain exposure to Bitcoin through your existing brokerage account (though brokerage fees may still apply). That’s right — you don’t need a separate crypto wallet like you would to hold actual Bitcoin. You can invest in BTC the same way as any ETF.
For the crypto-curious… Grayscale is a great place to start. They’ve been offering exposure to crypto through familiar investment vehicles for over a decade. Today, they offer a suite of over 20 different funds covering Solana, Filecoin, Chainlink, and others for investors to choose from.
Type BTC on your preferred investment platform to check out the Bitcoin Mini from Grayscale. Think crypto, invest Grayscale.2
Grayscale Bitcoin Mini Trust ETF ("BTC"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds.
Advertiser's disclosures:
¹ The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
² Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
³ December 23, 2024 will be the last day to invest and be considered a shareholder in 2024. Any investments made after this date will only be considered shareholders starting in 2025.
⁴ Please read the offering circular and related risk at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.
Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
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