Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened: On Feb. 15, 1985, the federal government began allowing Treasury securities to be broken into STRIPS, or Separate Trading of Registered Interest and Principal of Securities.
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Where The Market Was: The Dow Jones Industrial Average closed at 1,282.02, while the S&P 500 closed at 181.60.
What Else Was Going On In The World: Foreigner’s “I Want To Know What Love Is” topped Billboard charts, and a ticket to the No. 1 box office hit “Beverly Hills Cop,” cost just $2.75.
STRIPS Hit The Market: The creation of STRIPS allowed investors to trade on the interest or principal of a note or bond, effectively hedging against interest-rate changes.
Also called “zero-coupon bonds,” returns on the low-risk, fixed-income securities are calculated by the difference between the bond’s trading or maturity value and the STRIPS’ purchase price.
The components can be reassembled into a full security through a financial institution or government securities broker holding all principal and unmatured interest components.
The option ultimately increased liquidity in the government bond market.
Photo by Mohit Singh/Wikimedia.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.