Green Thumb Industries Azioni (OTC: GTBIF)

Ultime notizie per Green Thumb Industries (OTC:GTBIF) Azioni

Green Thumb Industries

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 14 states and operates 97 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to US federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RYTHM.

GREEN THUMB INDUS SUB VTG by Green Thumb Industries Inc.

Green Thumb Industries Inc

U.S. stocks traded lower this morning, with the Nasdaq Composite falling by more than 200 points on Friday.
Following the market opening Friday, the Dow traded down 0.39% to 43,580.74 while the NASDAQ fell 1.28% to 18,862.83. The S&amp;P 500 also fell, dropping, 0.72% to 5,906.49.
Check This Out: <a href="https://www.benzinga.com/24/11/42005109/top-4-utilities-stocks-that-may-keep-you-up-at-night-this-quarter">Top 4 Utilities Stocks That May Keep You Up At Night This Quarter</a>
Leading and Lagging Sectors Financials shares rose by 0.6% on Friday.
In trading on Friday, information technology shares fell by 1.4%.
Top Headline
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) reported better-than-expected fiscal second-quarter print.
The Jack Ma co-founded e-commerce giant reported fiscal second-quarter 2024 revenue growth of 5% year-on-year to $33.70 billion, beating the analyst consensus estimate of $33.47 billion. Adjusted earnings per ADS of $2.15 missed the analyst consensus estimate of $2.26.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>The Arena Group Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AREN#NYSE">AREN</a>) shares shot up 242% to $1.95 after it announced its first ever profitable quarter.</li>
<li>Shares of CERo Therapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERO#NASDAQ">CERO</a>) got a boost, surging 116% to $0.4059 after the company received FDA clearance for its investigational new drug application to initiate a Phase 1 clinical trial of CER-1236 for acute myelogenous leukemia.</li>
<li>Simpple Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares were also up, gaining 71% to $1.5101 after the company announced a $400,000 contract to supply autonomous cleaning robots at Singapore&#8217;s International Airport Terminal.</li>
</ul>
Equities Trading DOWN
<ul>
<li>TFF Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFFP#NASDAQ">TFFP</a>) shares dropped 76% to $0.38 after the company announced it will wind down its operations.</li>
<li>Shares of Eyenovia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) were down 73% to $0.0929 after the company announced that its CHAPERONE trial is not meeting its primary endpoint, prompting the discontinuation of the study and a review of the full data set to evaluate next steps for the program.</li>
<li>Ryvyl Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVYL#NASDAQ">RVYL</a>) was down, falling 35% to $1.13 after the company reported worse-than-expected third-quarter financial results and cut its FY24 sales guidance.</li>
</ul>
Commodities In commodity news, oil traded down 0.3% to $68.51 while gold traded up 0.2% at $2,577.30.
Silver traded up 0.6% to $30.760 on Friday, while copper rose 0.9% to $4.1240.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.6%, Germany's DAX fell 0.3% and France's CAC 40 fell 0.3%. Spain's IBEX 35 Index gained 0.9%, while London's FTSE 100 fell 0.1%.
The annual inflation rate in Italy increased to 0.9% in October versus 0.7% in the prior month, while France&#8217;s annual inflation rate rose to 1.2% in October. The GDP in the UK grew by 1% year-over-year during the third quarter.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei 225 gaining 0.28%, Hong Kong's Hang Seng Index falling 0.05% and China's Shanghai Composite Index dipping 1.45%.
Hong Kong's economy expanded by 1.8% year-over-year in the third quarter compared to a 3.2% increase in the previous period. China&#8217;s retail sales rose by 4.8% year-over-year in October, while industrial production rose by 5.3% year-over-year in October.
Economics
<ul>
<li>The NY Empire State Manufacturing Index surged to 31.2 in November versus -11.9 in the previous month and topping market estimates of -0.7.</li>
<li>U.S. export prices increased by 0.8% in October, while import prices rose by 0.3% month-over-month in October.</li>
<li>U.S. retail sales rose 0.4% month-over-month in October compared to a revised 0.8% increase in September, and toping market estimates of 0.3%.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42007351/wall-streets-most-accurate-analysts-spotlight-on-3-consumer-stocks-with-over-7-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Consumer Stocks With Over 7% Dividend Yields</a></li>
</ul>

Equities

News

Eurozone

Commodities

Markets

Trading Ideas

AREN

BABA

CERO

EYEN

RVYL

SPPL

TFFP

Nasdaq Tumbles Over 200 Points; Alibaba Posts Upbeat Sales

Cantor Fitzgerald analyst Pete Stavropoulos reiterates Annexon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANNX#NASDAQ">ANNX</a>) with a Overweight.

Reiteration

Analyst Ratings

ANNX

Cantor Fitzgerald Reiterates Overweight on Annexon

The Arena Group Shares Resume Trade Then Again Halt On Circuit Breaker To The Downside, Stock Now Up 215.8%

B of A Securities analyst Mihir Bhatia upgrades Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) from Underperform to Neutral and maintains the price target from $15 to $15.

Upgrades

Price Target

B of A Securities Upgrades Rocket Companies to Neutral, Maintains Price Target to $15

Barclays analyst Betty Jiang maintains Ovintiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OVV#NYSE">OVV</a>) with a Overweight and raises the price target from $53 to $57.

Barclays Maintains Overweight on Ovintiv, Raises Price Target to $57

Cantor Fitzgerald analyst Ross Osborn maintains Lucid Diagnostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCD#NASDAQ">LUCD</a>) with a Overweight and lowers the price target from $3 to $2.

LUCD

Cantor Fitzgerald Maintains Overweight on Lucid Diagnostics, Lowers Price Target to $2

Barclays analyst Raimo Lenschow maintains MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) with a Overweight and raises the price target from $290 to $345.

Barclays Maintains Overweight on MongoDB, Raises Price Target to $345

Barclays analyst Gena Wang maintains Kodiak Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOD#NASDAQ">KOD</a>) with a Underweight and raises the price target from $3 to $4.

Barclays Maintains Underweight on Kodiak Sciences, Raises Price Target to $4

The Arena Group Shares Resume Trade Then Again Halt On Circuit Breaker, This Time To The Downside, Stock Now Up 242.1%

Barclays analyst Raimo Lenschow maintains Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) with a Overweight and raises the price target from $740 to $800.

INTU

Barclays Maintains Overweight on Intuit, Raises Price Target to $800

OS Therapies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OSTX#AMEX">OSTX</a>) reported quarterly losses of $(0.18) per share which missed the analyst consensus estimate of $(0.12) by 50 percent. This is a 52.63 percent increase over losses of $(0.38) per share from the same period last year.

Earnings

OSTX

OS Therapies Q3 EPS $(0.18) Misses $(0.12) Estimate

Barclays analyst Christine Cho maintains Enlight Renewable Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENLT#NASDAQ">ENLT</a>) with a Overweight and raises the price target from $20 to $21.

ENLT

Barclays Maintains Overweight on Enlight Renewable Energy, Raises Price Target to $21

Deep-pocketed investors have adopted a bearish approach towards Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DELL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Dell Technologies. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 72% bearish. Among these notable options, 2 are puts, totaling $139,063, and 9 are calls, amounting to $1,052,409.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $138.0 for Dell Technologies during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Dell Technologies options trades today is 1136.6 with a total volume of 2,244.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Dell Technologies's big money trades within a strike price range of $100.0 to $138.0 over the last 30 days.
<h3>Dell Technologies Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731682122_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$8.25</td>
<td>$7.9</td>
<td>$7.9</td>
<td>$126.00</td>
<td>$191.2K</td>
<td>409</td>
<td>1.8K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$8.85</td>
<td>$8.0</td>
<td>$8.0</td>
<td>$126.00</td>
<td>$160.0K</td>
<td>409</td>
<td>1.8K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$8.2</td>
<td>$7.95</td>
<td>$7.95</td>
<td>$126.00</td>
<td>$159.0K</td>
<td>409</td>
<td>1.8K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$34.9</td>
<td>$32.9</td>
<td>$34.9</td>
<td>$100.00</td>
<td>$139.6K</td>
<td>2.6K</td>
<td>5</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$8.3</td>
<td>$7.9</td>
<td>$7.9</td>
<td>$126.00</td>
<td>$124.8K</td>
<td>409</td>
<td>1.8K</td>
</tr>
</tbody>
</table>

<h3>About Dell Technologies</h3>
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.
Following our analysis of the options activities associated with Dell Technologies, we pivot to a closer look at the company's own performance.
<h3>Dell Technologies's Current Market Status</h3>
<ul>
<li>Trading volume stands at 387,143, with DELL's price down by -1.53%, positioned at $132.37.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 11 days.</li>
</ul>
<h3>What The Experts Say On Dell Technologies</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $154.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Dell Technologies, targeting a price of $154. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Dell Technologies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

DELL

A Closer Look at Dell Technologies's Options Market Dynamics

Financial giants have made a conspicuous bullish move on Oklo. Our analysis of options history for Oklo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) revealed 9 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 11% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $871,550, and 3 were calls, valued at $264,260.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $18.0 to $27.0 for Oklo over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Oklo's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Oklo's significant trades, within a strike price range of $18.0 to $27.0, over the past month.
<h3>Oklo Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731682117_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OKLO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.5</td>
<td>$4.0</td>
<td>$4.0</td>
<td>$21.00</td>
<td>$396.8K</td>
<td>3.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>OKLO</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$10.1</td>
<td>$9.1</td>
<td>$9.55</td>
<td>$26.00</td>
<td>$148.0K</td>
<td>371</td>
<td>250</td>
</tr>
<tr>
<td>OKLO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$11.4</td>
<td>$6.8</td>
<td>$8.6</td>
<td>$25.00</td>
<td>$129.0K</td>
<td>179</td>
<td>150</td>
</tr>
<tr>
<td>OKLO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$3.9</td>
<td>$3.6</td>
<td>$3.83</td>
<td>$18.00</td>
<td>$116.7K</td>
<td>10</td>
<td>308</td>
</tr>
<tr>
<td>OKLO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$1.9</td>
<td>$1.85</td>
<td>$1.9</td>
<td>$20.00</td>
<td>$95.0K</td>
<td>117</td>
<td>609</td>
</tr>
</tbody>
</table>

<h3>About Oklo</h3>
Oklo Inc is developing advanced fission power plants to provide clean, reliable, and affordable energy at scale. It is pursuing two complementary tracks to address this demand: providing reliable, commercial-scale energy to customers; and selling used nuclear fuel recycling services to the U.S. market. The Company plans to commercialize its liquid metal fast reactor technology with the Aurora powerhouse product line. The first commercial Aurora powerhouse is designed to produce up to 15 megawatts of electricity (MWe) on both recycled nuclear fuel and fresh fuel.
After a thorough review of the options trading surrounding Oklo, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Oklo Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 1,060,583, with OKLO's price down by -12.6%, positioned at $20.87.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 90 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Oklo with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

OKLO

Market Whales and Their Recent Bets on OKLO Options

Barclays analyst Raimo Lenschow maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Overweight and raises the price target from $95 to $105.

ESTC

Barclays Maintains Overweight on Elastic, Raises Price Target to $105

Cantor Fitzgerald analyst Ross Osborn reiterates Elutia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELUT#NASDAQ">ELUT</a>) with a Overweight and maintains $10 price target.

ELUT

Cantor Fitzgerald Reiterates Overweight on Elutia, Maintains $10 Price Target

Vertically integrated Gold Flora Corporation (CBOE: GRAM) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/GRAM#OTCQB">GRAM</a>) released its financial results Thursday for the third quarter of fiscal 2024.
&#8220;Amid the ongoing challenges facing the broader industry, we&#8217;ve made significant strides in positioning ourselves for long-term success," said Laurie Holcomb, CEO and chairman. "We have strengthened our balance sheet through a capital raise, continued scaling the highly successful Gramlin brand, and have further optimized our vertically integrated operations to support our growth initiatives.&#8221;
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40484603/gold-floras-q2-a-mixed-bag-for-cannabis-with-ebitda-down-2m-margins-up-to-57">Gold Flora&#8217;s Q2: A Mixed Bag For Cannabis With EBITDA Down $2M, Margins Up To 57%</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">Q3 2024 Financial Highlights</h3>
<ul>
<li>Total revenue amounted to $32.6 million, representing a 3% increase from the second quarter of 2024.</li>
<li>Gross profit was $13.5 million, resulting in a 41% gross margin, and up 86% sequentially.</li>
<li>Adjusted gross profit totaled $21.1 million, with a 65% adjusted gross margin (excluding non-recurring adjustments).</li>
<li>Net loss was $18.9 million, representing a 21% reduction from the prior quarter.</li>
<li>Adjusted EBITDA came in positive at $2.8 million, representing a 241% improvement from the second quarter of 2024.</li>
<li>Golf Flora had $10.2 million in cash and equivalents at the end of the third quarter.</li>
</ul>
<h3 class="wp-block-heading">Operational Highlights</h3>
<ul>
<li>First-party product revenue in retail stores reached over 30% of total sales.</li>
<li>Flower harvest volume increased by 20% from the first quarter of 2024, driven by improved cultivation methods.</li>
<li>Launch of Gramlin live rosin products and expansion of rosin production capacity at the Desert Hot Springs campus.</li>
<li>&nbsp;Secured a senior loan facility for up to $13.15 million.</li>
<li>The company's shares began trading on the OTCQB Venture Market under the ticker &#8220;GRAM.&#8221;</li>
</ul>
<h3 class="wp-block-heading">GRAM Price Action</h3>
Gold Flora's shares traded 9.09% lower at $0.04 per share after the market close on Thursday afternoon.
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38212246/woman-owned-gold-floras-strategic-cannabis-blueprint-30-in-house-sales-boost-profit">Gold Flora&#8217;s Strategic Cannabis Blueprint: 30% In-House Sales Boost, Profits, EBITDA Rise</a></li>
</ul>

Cannabis

GRAM

California Cannabis Co. Gold Flora: 241% QoQ Growth In Adjusted EBITDA, Narrows Net Loss By 21%

VanEck CEO Jan van Eck has made waves with a bold forecast: <a href="https://www.benzinga.com/startups/24/10/41434521/tesla-quietly-transfers-765-million-in-bitcoin-putting-musks-cryptocurrency-strategy-under-intense-s">Bitcoin </a>could skyrocket to $300,000 within five to 10 years. This optimistic projection rests on Bitcoin's ability to capture a substantial share of the gold market – a market long valued as a hedge against inflation.&nbsp;
Don't Miss:
<ul>
<li>Over the last five years, the price of gold has increased by approximately 83% – Investors like Bill O&#8217;Reilly and Rudy Giuliani are using this platform to <a href="https://www.benzinga.com/money/american-hartford-gold">create customized gold IRAs to help shield their savings from inflation and economic turbulence. </a></li>
<li>1 in four Americans own a share of Bitcoin according to Nasdaq – <a href="https://www.benzinga.com/money/binance-100">this platform touts returns as high as 12.5% APY and is giving $100 in welcome rewards if you sign up today.</a></li>
</ul>
According to van Eck, the rise of traditional financial institutions (or "TradFi") investing in Bitcoin drives this trend, with many viewing it as a digital alternative to gold. Van Eck suggested that Bitcoin could eventually reach half of gold's current market capitalization, giving the cryptocurrency a total valuation close to $7 trillion.&nbsp;
Recent data from CoinGecko aligns with this bullish outlook. Bitcoin recently set a record above $89,000, although it settled back to around $90,000 shortly after. Individual investors are jumping into Bitcoin ETFs, a trend that JPMorgan analysts expect to continue through 2025. These ETFs are increasingly seen as a sign that retail and institutional investors trust Bitcoin as a potential "digital gold."
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Michael Saylor, CEO of MicroStrategy and a known Bitcoin advocate, pointed out that in the future, bitcoin would be more valuable than gold. "Bitcoin is certainly at least digital gold, it's going to eat gold," Saylor said. "It's got all of the great attributes of gold and it's got none of the defects of gold."
However, Bitcoin's journey toward mainstream acceptance hasn't been without its skeptics. Critics caution that Bitcoin's notorious volatility might limit its role as a stable store of value. Regulatory uncertainty and high energy consumption also cast a shadow over its future.&nbsp;
Yet van Eck remains confident. Calling his prediction of $300,000 per Bitcoin a "reasonable base assumption," he emphasized his belief that the digital asset is increasingly embraced as a long-term store of value.&nbsp;
See Also: If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,<a href="https://www.benzinga.com/money/etoro-doge"> here&#8217;s how much you&#8217;d have today</a>.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40937953/larry-fink-defies-blackrocks-largest-shareholder-to-make-a-bold-bet-on-bitcoin-heres-how-h">BlackRock CEO Larry Fink</a> echoed similar sentiments, describing Bitcoin as "an asset class by itself" and highlighting its potential value if regulatory clarity improves. "There's more to Bitcoin than meets the eye," Fink said, adding that its uniqueness could enhance its future relevance in finance.
The increasing popularity of Bitcoin ETFs supports van Eck's forecast. According to Investopedia,<a href="https://www.benzinga.com/24/11/41869353/massive-day-for-blackrocks-bitcoin-etf-as-trading-volume-reaches-unseen-levels-with-4-1-billion-traded"> BlackRock's Bitcoin ETF, IBIT,</a> has been outperforming its iShares Gold ETF in trading volume and value growth.
October saw some of the highest single-day inflows for Bitcoin ETFs, underscoring growing investor interest. BlackRock's IBIT ETF has shown steady gains, with its recent performance of $1.12 billion inflows, suggesting that demand for Bitcoin is not slowing down anytime soon.
Read Next:
<ul>
<li>Dogecoin millionaires are increasing –<a href="https://www.benzinga.com/money/dogecoin-millionaires"> investors with $1M+ in DOGE revealed!</a></li>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

VanEck CEO Boldly Predicts Bitcoin At $300K Per Coin, Reaching Half Of Gold's Market Cap In The Face Of Growing Demand

Barclays analyst Raimo Lenschow maintains Couchbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BASE#NASDAQ">BASE</a>) with a Overweight and raises the price target from $19 to $23.

BASE

Barclays Maintains Overweight on Couchbase, Raises Price Target to $23

The Arena Group Shares Halted On Circuit Breaker To the Upside, Stock Now Up 259.6%

Here are the major earnings after the close today

In this edition of "Rising High," The Fly conducted an exclusive interview with Adam Wilks, Co-Founder and CEO of Carma HoldCo, a house of brands f...

Rising High: Exclusive talk with house of brands Carma HoldCo

Green Thumb Industries&nbsp; GAAP EPS of $0.04 misses by $0.02, revenue of $287M beats by $4.06M

Green Thumb Industries, Inc. (GTBIF) Q3 2024 Earnings Call Transcript

Green Thumb's Q3 financial metrics were poor across the board.

Green Thumb Q3 Results Show 58% Decline In Net Income And 5% Decline In EBITDA

In a report released today, Mike Hickey from Benchmark Co. maintained a Buy rating on Green Thumb Industries (GTBIF – Research Report), with a pric...

Benchmark Co. Sticks to Its Buy Rating for Green Thumb Industries (GTBIF)

Haywood analyst Neal Gilmer maintained a Buy rating on Green Thumb Industries (GTBIF – Research Report) today and set a price target of C$24.00. Th...

Haywood Sticks to Their Buy Rating for Green Thumb Industries (GTBIF)

In a report released today, Neal Gilmer from Haywood maintained a Buy rating on Green Thumb Industries (GTBIF – Research Report), with a price targ...

Haywood Remains a Buy on Green Thumb Industries (GTBIF)

Weed stocks spike after report on Trump support for marijuana reforms

Cannabis stocks gain as Trump picks pro-marijuana Congressman Gaetz for AG post

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Press Releases

Green Thumb Industries Reports Second Quarter 2024 Results

General

Green Thumb Opens Its 20th Florida Location, RISE Dispensary Jacksonville, on September 13

Financing

Green Thumb Industries Refinances its Senior Debt Via Syndicated Credit Facility

Valley Bank's New Jersey Commercial Banking Team Closes a $150 Million Syndicated Credit Facility to Green Thumb Industries Inc.

Green Thumb Industries Announces $50 Million Share Repurchase Program

Green Thumb Industries to Hold Third Quarter 2024 Earnings Conference Call on November 7, 2024

Restaurants

Magnolia Bakery and incredibles Expand Partnership, Bringing Cannabis-Infused Chocolate Treats to RISE Dispensaries in New York and New Jersey

Management

Agrify Secures Financing from Green Thumb Industries and Announces New Leadership

Green Thumb Expands Florida Retail Footprint with the Opening of RISE Orlando on Good Homes Road on November 8

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