$BTC Bitcoin can never go to $0 because Adam Back has a buy order for all 21 million Bitcoin at $0.01.
Adam Back is the cryptographer who invented Hashcash, the proof-of-work system that Satoshi Nakamoto directly cited in the Bitcoin whitepaper. He may be the closest thing to a founding father Bitcoin has outside of Satoshi himself.
The man who helped inspire the entire thing is sitting with a $210,000 order ready to buy every single Bitcoin in existence if the price ever reaches a cent.
Ferrari stock $RACE dropped 7.57% today after unveiling its first fully electric car.
The car is called the Ferrari Luce. 1,050 horsepower. Starting at €550,000. On paper it is extraordinary.
The market is not impressed.
Ferrari's 2030 revenue projection came in at €9 billion, nearly €800 million below what analysts were expecting. Investors are also deeply skeptical that the people who buy Ferraris for the roar of a combustion engine want a silent, heavy electric vehicle regardless of how fast it goes.
The stock is now down 41% from its February 2025 peak. One of the worst stretches in Ferrari's history as a public company.
Cathie Wood just broke down her 5-year Bitcoin price predictions. Base case $750,000. Bull case $1,250,000.
ARK Invest is pointing to three key drivers. Bitcoin replacing gold as a store of value. Bitcoin being used as a global insurance policy against financial instability. And institutional adoption still in its early innings.