Billionaire venture capital investor Tim Draper is also a noted Bitcoin (BTC) advocate. In fact, he was among the first billionaires to buy Bitcoin. He spent $19 million to buy 30,000 BTC when the U.S. Marshals Service auctioned the cryptocurrency seized from Silk Road in 2014. Draper is also well-known for his investments in popular crypto companies like Coinbase (Nasdaq: COIN) and Robinhood Markets (Nasdaq: HOOD) and other tech giants like Tesla (Nasdaq: TSLA). Related: Billionaire Tim Draper predicts ...

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon in 2025 maintained his skeptical stance towards Bitcoin (CRYPTO: BTC) , even as JPMorgan launched a $100 million Ethereum (CRYPTO: ETH) fund.The Verbal Offensive ContinuesDimon’s public statements in 2025 maintained his reputation as a prominent crypto skeptic. Earlier in January, during a CBS “60 Minutes” interview, he asserted Bitcoin has no intrinsic value and linked it to sex trafficking, money laundering, and ransomware. By July, he compared Bitcoin owner ...

Core Viewpoint - The future of exchanges will be shaped by increased volatility, supportive U.S. economic policies, higher acceptance of digital assets, and increased retail trading, with a focus on comparing Coinbase Global Inc. (COIN) and CME Group (CME) for long-term growth potential [1] Group 1: Coinbase Global Inc. (COIN) - Coinbase is strategically positioned to benefit from President Trump's pro-crypto stance and aims to transform into an "everything exchange" offering a comprehensive range of financial services [3] - The company is expanding its product ecosystem, including enabling Solana on Base, launching decentralized exchange trading, and introducing new offerings like prediction markets and tokenized equities [4][5] - Coinbase's strategy extends beyond trading, promoting stablecoins for online payments and collaborating with Kalshi for prediction markets, reflecting efforts to diversify revenue streams [5][6] - The company is acquiring The Clearing Company to strengthen its presence in prediction markets, marking its tenth acquisition this year [6] - Coinbase has deepened integration with traditional finance by partnering with major institutions and discussing pilot programs for stablecoins and crypto trading services [7] - Despite facing profitability pressure from high operating costs and market volatility, Coinbase's expanding ecosystem and improving regulatory outlook support a long-term growth narrative [8] Group 2: CME Group (CME) - CME Group is the largest futures exchange globally, benefiting from a strong global presence, compelling product portfolio, and focus on over-the-counter clearing services [2] - The company supports global risk management across various asset classes, including digital assets, and is well-positioned for long-term growth through ongoing product innovation [10] - CME is experiencing rising electronic trading volumes and growing adoption of crypto-related products, supported by a favorable regulatory environment under President Trump [11] - The company's ability to grow organically and benefit from heightened market volatility translates into higher trading volumes and revenues [12] - CME's strong network effects and disciplined cost management enhance margins, allowing for regular capital returns through dividends and share repurchases [14] - However, CME faces concentration risk as interest rate and equity products account for a significant portion of revenues, and increasing competition from crypto platforms poses challenges [15] Group 3: Financial Estimates and Performance - The Zacks Consensus Estimate for COIN's 2025 revenues implies a 13.5% year-over-year increase, while EPS is expected to rise 4.7% [16] - In contrast, CME's 2025 revenues are projected to increase by 5.1%, but EPS is expected to decline by 4.3% [18] - COIN shares have lost 3.5% year-to-date, while CME shares have rallied 19% in the same period [21] - Coinbase is trading at a forward P/E multiple of 40.6, lower than its median of 46.1, while CME's forward P/E is at 23.8, higher than its median of 22.4 [22] Group 4: Conclusion - Coinbase benefits from a diversified revenue base, including trading fees, staking, custodial services, and derivatives, driven by growing institutional demand [23] - CME Group is well-positioned for growth through its efforts to expand futures products, diversify derivative offerings, and maintain a strong liquidity position [24]

Core Viewpoint - Robinhood's stock has surged over 200% in 2025 due to user base expansion and platform enhancements, but concerns exist regarding its ability to maintain this momentum in 2026 [1][2]. Financial Performance - Robinhood's revenue doubled to $1.3 billion in Q3, with non-GAAP earnings increasing by 259% to $0.61 per share [4]. - The average revenue per user rose by 82% to $191, and total users reached 26.8 million, a 10% increase year-over-year [4]. Market Context - The company's growth is significantly tied to the booming stock market, with the S&P 500 gaining 75% over the past three years and Bitcoin rising over 400% [5]. - Robinhood's revenue is heavily reliant on transactions from crypto investments and options trading, which are considered risky segments [6]. Economic Vulnerability - Robinhood has not yet faced a bear market since going public in 2021, raising concerns about its resilience during economic downturns [7]. - Current economic indicators show rising unemployment at 4.6% and a 22-year high in layoffs for October, suggesting potential economic slowdown [10]. Investment Outlook - Investors may consider holding onto Robinhood shares as long as the company continues to improve, but caution is advised due to potential declines if the U.S. economy slows [9]. - A significant market downturn could lead to a rapid sell-off of stocks, particularly among younger investors who have not experienced a bear market [11]. - It may be prudent for Robinhood investors to take profits soon rather than waiting for further gains in 2026, as the company has not demonstrated its ability to grow during prolonged market declines [12].

Core Insights - Bitcoin and other major cryptocurrencies are currently experiencing a downturn, with Bitcoin being over 5% lower compared to previous highs, while gold and stocks are reaching new highs [1] Group 1: Market Performance - Bitcoin is underperforming, down over 5% recently [1] - In contrast, gold and stocks are achieving new record highs [1] Group 2: Investment Philosophy - The article emphasizes the importance of holding idiosyncratic positions for successful investing [1] - It highlights the significance of position sizing over security selection in managing investment risk [1]

Core Insights - Ethereum (ETH) has been trading sideways around the $3,000 level for the past two weeks, with insufficient demand despite recent purchases from firms like BitMine and Trend Research, indicating a lack of short-term recovery potential [1] Group 1: Exchange Reserves - ETH exchange reserves increased from 16.2 million to 16.6 million, representing a transfer of approximately 400,000 ETH onto exchanges during Christmas week [2] - A significant deposit of 100,000 ETH was made by one "OG whale" into Binance, while BitMine and Trend Research purchased 67,886 ETH and 46,379 ETH respectively, but these purchases are smaller than the total ETH moved onto exchanges [3] Group 2: Selling Pressure - If ETH is transferred to exchanges for liquidation and exceeds buying absorption, selling pressure could intensify, potentially leading to further downside pressure on ETH prices as the year ends [4] Group 3: Leverage Ratio - Ethereum's Estimated Leverage Ratio remains elevated, reflecting higher leverage used by traders, with current readings reaching as high as 0.76, indicating vulnerability to small price moves that could trigger cascade liquidations [5][6] Group 4: Coinbase Premium - Ethereum's Coinbase Premium has turned deeper negative in December, currently at -0.08, the lowest level in the past month, suggesting US investors are selling at discounted prices [7] - The negative Coinbase Premium indicates that ETH prices on Coinbase Pro are lower compared to Binance, which may hinder short-term recovery until the premium turns positive again [8]

Welcome to Motley Fool Money. I'm your host Emily Flippen. Today, I'm joined by Fool analysts Jason Hall and Sanmeet Dao to discuss the IPO market. We'll be taking a look back at what reopened the IPO window over the course of the past year, run the biggest IPOs of 2025 through a rule Breakers lens, and make a few predictions for the 2026 IPO markets, including discussing if it really never makes sense to buy into an IPO. Now, the IPO market in 2025 was obviously much hotter than 2024. The third quarter of ...

SEC Bitcoin ETF, SkyBridge First Trust Bitcoin ETF, SEC rejects bitcoin ETF. Photo by BeInCrypto The US ETF market achieved a historic "triple crown" in 2025, setting records in inflows ($1.4 trillion), new launches (1,100+), and trading volume ($57.9 trillion). This is the first time all three metrics hit records simultaneously since 2021. Three consecutive years of double-digit S&P 500 gains powered the rally. But Wall Street is starting to ask: what comes next? The Ghost of 2022 That precedent carri ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin (CRYPTO: BTC) is down $40,000 from its peak at the start of October. According to new analysis it wasn’t retail traders or overleveraged longs that did the damage—it was whales who bought around the $126,000 all-time high and panic-sold into $84,000. New Whales Dumped At Massive Losses Large holders who bought near the top were forced to realize massive losses, creating sustained selling pressure ...

Key Points Bitcoin has survived every bear market since 2009 and never lost its #1 ranking. Solana was left for dead after the FTX collapse but clawed back to become a top-10 mainstay. Chainlink's price has been flat for five years, but its oracle network is essential infrastructure for DeFi and smart contracts. 10 stocks we like better than Bitcoin › Buying crypto in a bear market is a bit like grocery shopping when you're hungry. Everything looks tempting, but most of it will leave you with re ...