Reported about 7 hours ago
Billionaires are diversifying their investments by selling shares of Nvidia, which has surged in recent years, and increasing their stakes in Bitcoin through the iShares Bitcoin Trust ETF. Notably, investors like Israel Englander and Yan Huo have significantly upped their Bitcoin holdings, believing that its price could soar dramatically in the coming years, as projected by Cathie Wood. With Bitcoin's finite supply and institutional interest growing, it is seen as a potential hedge against inflation and even a rival to gold.
Source: YAHOO