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.
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- U.S. and Canada average revenue per user rose 48 percent year over year (versus 55 percent last quarter) on a tougher comp.
- Global average revenue per user rose 37 percent year over year ex-foreign exchange (versus 39 percent in the fourth quarter).
- Video views per day rose to four billion (from three billion in October). This is important since frequency of video in stream helps determine video ad load.
- Facebook realized one billion daily searches.
- Over two million advertisers operate on the platform.
- Ad platform showing strong engagement.
- Second quarter foreign exchange impact will be greater than the seven percent hit in the first quarter.
- High-end of spending guidance was lowered to 60 percent from 65 percent, capital expenditure remained the same at around $3 billion and the returns on these investments may take years to materialize.
- Investor expectations remain high and some may overestimate the timing of adoption and roll out of new products (i.e Video and Instagram monetization).
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.