Bitcoin’s Future Looks Bright Thanks to Young Investors!

Suze Orman predicts that Bitcoin's popularity among younger generations will push its price up.

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Danielle du Toit
September 09, 2024

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Here's what we've got for you today:

  • Bitcoin ‘Could Very Well Catch Fire’ as Next Generation of Investors Mature

  • Elon Musk’s DOGE Meme Fuels Speculation of Political Ambitions Under Trump Presidency

  • Bitcoin ETFs Need Time to Be ‘Instrument of Adoption’ - Bianco Research CEO

  • Tether Addresses $102 Million Agricultural Investment: Land is ‘Crucial Asset Class’

🔥 Bitcoin ‘Could Very Well Catch Fire’ as Next Generation of Investors Mature

Suze Osman believes the next generation of investors could define the future of crypto.

  • Suze Orman urged everyone to invest in Bitcoin, and predicts that its popularity among younger generations will push its price up.

  • Although Orman is bullish on Bitcoin's potential, she personally invests through Bitcoin ETFs rather than holding the cryptocurrency directly.

  • Orman is also skeptical about Bitcoin becoming a currency or store of value, but believes its rising appeal among younger investors could drive its long-term growth.

Elon Musk stirred the pot with a social media post hinting at a political role if Donald Trump reclaims the presidency.

  • Elon Musk shared a meme featuring him as head of a fictional "Department of Government Efficiency" (D.O.G.E.). This fueled speculation about his possible involvement in government reform.

  • Trump recently proposed a government efficiency commission that will audit and reform the federal government's finances and performance.

  • Musk quickly responded to Trump’s announcement and made it clear that he would be very willing to be a part of the initiative, but he stopped short of confirming any official role.

Jim Bianco doesn't think spot Bitcoin ETFs have lived up to the pre-approval hype since they launched for trading in January.

  • Bitcoin ETFs in the U.S. are not yet a major adoption driver and are currently seen as a "small tourist tool" by some experts.

  • Recent outflows, investor losses, and a lack of institutional investment indicate that the Bitcoin ETF market still needs more time to mature.

  • Bianco believes that the next Bitcoin halving in 2028 and advancements in on-chain tools will be key to the market's long-term success.

Between July 29 and Aug. 16, Tether's investment division purchased shares worth about $102 million in South America-based agricultural giant Adecoagro SA.

  • Tether now holds 9.8% of Adecoagro's shares, which makes it the third-largest shareholder in the company.

  • Adecoagro is Argentina's largest producer of milk and rice, with operations spanning from sugar cane processing and renewable energy in Brazil, to crop farming in Argentina and Uruguay.

  • Tether's investment in Adecoagro aligns with its strategy of diversifying its profits into crucial asset classes, and compliments its existing investments in Bitcoin and gold.

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