🎙️ How the Wealthy Invest

Happy holidays, everyone! Believe it or not, 2024 is just about over.

Let’s jump into some charts and headlines that caught our attention this week before we all log off for the holidays. We’re less than two weeks away from unveiling our revamped newsletter.

Sending peace, joy, and good health to you and your loved ones this holiday season!

— Matthew & Shawn

Here’s today’s rundown:

Charts of the Week

Headlines We’re Watching

💰 MicroStrategy rides ‘red sweep’ to 477% gain in 2024

📈 Banking app Dave, back from the brink, is this year's biggest gainer among financials with 934% surge

🏈 What the top 75 college sports programs are worth

👕 How Vuori reached a $5.5 billion valuation by taking share from Lululemon

😮 Nordstrom to go private in all-cash $6.25 billion deal. Is it a good move?

Quick Poll

Last Monday, we asked: Where do you think Bitcoin will end the year?

— Most investors who responded believe Bitcoin will finish the year somewhere between $100,000 and $120,000. One in five think it might go beyond $120,000, while another 20% (roughly) say it will end 2024 below $100,000.

— Wrote one investor: “It's predicted to reach $200,000 - which it may or may not do. But the trend is strongly upward and should easily reach $130,000 in 12 months. There could be a dip to support at around $60,000 - and bitcoin is notoriously volatile. But $130K is a reasonable target.”

— Added another: “The perpetual bid being created by institutional and nation state buyers will begin to impact available supply to the point where price cannot be manipulated down.”

See you next time!

That's it for today on We Study Markets!

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