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Globe and Mail

7 hours ago

• Globe and Mail

4 Undeniable Factors That Could Push Bitcoin to New All-Time Highs This Summer

Some moments in the market don't need dramatic catalysts; they just quietly build up momentum until something gives. For Bitcoin, (CRYPTO: BTC) the stars are aligning with uncanny precision in ways that are likely to have a stunning result. Four macro forces, each with a history of preceding major rallies in the coin, are once again in play. Here's what's unfolding, and why it might matter more than most investors realize. 1. Surging global liquidity When central banks turn on the liquidity tap and ensure there's more money sloshing around the financial system, that new money generally flows toward riskier assets, such as cryptocurrency, as greater liquidity emboldens investors to take riskier bets. Furthermore, safer asset classes would have already been bid up to the point of being fairly expensive from the perspective of institutional allocators. The global M2 money supply hit roughly $108.4 trillion in April, climbing at a pace last seen right before Bitcoin's 2021 breakout to new highs. The coin's performance tends to lag that liquidity gauge by about one quarter. Liquidity waves eventually peak, but the cash they inject never fully drains from the financial system. If part of that additional base money ends up permanently sequestered in Bitcoin wallets -- as happened after prior monetary easing cycles -- holders will enjoy a higher floor even after central banks commence with new tightening cycles. 2. A weaker dollar When the value of the dollar drops, investors often opt to park their capital in stronger assets that are retaining or increasing in value, like, potentially, Bitcoin. The dollar index is down roughly 10% year to date, its worst six-month slide since 1986. Fund managers are the most underweight to the currency in two decades, per a recent survey conducted by Bank of America. For investors, dollar weakness is more than a near-term tailwind for Bitcoin. A softer greenback often coincides with looser financial conditions abroad, fostering new demand from countries where Bitcoin offers a liquid alternative to depreciating local money. That incremental global bid tends to stick around, because reversing currency weakness usually requires policy shifts that take years to perform. 3. Lower Treasury yields Similar to money supply, interest rates significantly influence Bitcoin's price. As yields on government-backed debt like U.S. Treasury bills drop, and along with it, the cost of borrowing passed on to the financial system, capital needs to flow to riskier assets to secure a return. On that note, benchmark 10-year yields on Treasury bonds have fallen from 4.81% in late January to the low 4% range this week. Every notable Bitcoin surge since 2017 has arrived shortly after real or nominal yields were slipping. That matters for the long haul, because each yield dip trains allocators to view the coin as a portfolio diversifier when bonds offer less income. The habit can persist even after rates rise again, much as gold ownership remained commonplace after real yields recovered in the 1980s. The longer Bitcoin proves able to offset low-yield stretches, the more likely it becomes a fixture in strategic asset mixes rather than a tactical punt. 4. The post-halving supply squeeze Bitcoin's supply situation is also very permissive for the coin to make another run at new all-time highs. The 2024 halving cut miner rewards, decreasing daily issuance to about 450 coins. Demand from institutional investors stemming from their offering of exchange-traded funds (ETFs) holding Bitcoin is running far higher than that flow. Plus, the supply shock math compounds with time. Assuming the price rises even a little, Bitcoin miners will eventually sell even fewer coins to cover their operating costs, and at the same time, new issuance keeps shrinking every four years. That structural throttle on float effectively hands long-term holders an ever-growing share of total outstanding supply, increasing their pricing power, as long as they resist the urge to trade around short-term volatility. The lesson here is that long-term-oriented investors should keep buying Bitcoin, and buckle up, because it has a lot of room to run during this summer and beyond. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor 's total average return is994% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025

Globe and Mail

8 hours ago

• Globe and Mail

Is Lucid Group a Millionaire-Maker Stock?

Smaller stocks are ideal for investors willing to take additional risks for the potential for multi-bagger returns. With a stock price of just $2.22 (corresponding to a market cap of $6.77 billion), Lucid Group (NASDAQ: LCID) fits into this category. But the electric vehicle maker didn't get this cheap by accident. Let's dig deeper to see if it can overcome its operational challenges and generate massive wealth over the long term. What went wrong for Lucid? Looking at Lucid's stock price chart, it is clear that something went terribly wrong for the company. Shares have fallen by a whopping 96% from their all-time high of $58 (reached in early 2021), which means many early investors have been almost completely wiped out. The problem had a lot to do with macroeconomic factors outside management's control. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » For starters, post-pandemic inflation caused the Federal Reserve to aggressively hike interest rates, making it harder for consumers to access credit to afford Lucid's high-priced sedans (the flagship Lucid Air starts at $71,400). Furthermore, EV demand began to slow as early adopters were reached and more competition entered the market. Even the industry leader Tesla has faced pressure, with its automotive revenue dropping by 6% in 2024 -- before Elon Musk's overt political involvement made the situation even worse in 2025. However, unlike Tesla, Lucid lacks the economies of scale to maintain profitability or keep losses under control, leading to spiraling cash burn. While first-quarter revenue grew by a respectable 36% year over year to $235 million, the company still burned through an eye-watering $692 million in just that quarter. Lucid stays afloat through outside sources of capital, such as shareholder dilution (creating and selling more stock). But this has likely contributed to its underperformance. Could Tesla's weakness be Lucid's strength? Tesla's situation worsened in 2025, with first-quarter automotive sales dropping 20% year over year amid consumer boycotts and political backlash related to its CEO. This weakness could create an opportunity for Lucid to capture market share because it competes directly with Tesla's flagship Model S in the full-size luxury sedan segment. This opportunity could be compounded by the possible passing of Trump's "One Big, Beautiful Bill" legislation, which aims to remove the $7,500 tax credit for EV purchases. According to CNN, the bill's current wording might exempt small players like Lucid, giving them a tremendous edge over their larger rivals -- although this legislation is still working its way through Congress, and nothing is finalized yet. Trump's 25% tariff on foreign cars may also advantage Lucid by hurting imported luxury EVs from brands like Audi and Mercedes. Is Lucid stock a buy? Lucid definitely enjoys a lot of encouraging tailwinds from Tesla's political quagmire and Trump's trade and economic policies. That said, whether or not it turns into a millionaire-maker stock will probably depend on the rollout of its new SUV platform, Gravity, launched in late 2024. Gravity is a make-or-break product for Lucid because SUVs tend to be more popular than sedans in the US. The vehicle likely contributed to Lucid's high top-line growth rate in the first quarter. And analysts seem optimistic that this trend can continue with a consensus estimate of Lucid hitting $1.4 billion in total revenue in 2025, which would represent a growth rate of 73.3%. With a price-to-sales (P/S) ratio of 6.7, Lucid's stock looks reasonably priced, considering its growth potential (Tesla has a P/S of 11). And while some investors may want to wait for more information, I think it might finally be time to pull the trigger and bet on a bull run. Should you invest $1,000 in Lucid Group right now? Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor 's total average return is994% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025

Globe and Mail

12 hours ago

• Globe and Mail

Should You Buy Micron Stock Before June 25?

Micron (NASDAQ: MU) is scheduled to report quarterly financial results after the stock markets close on June 25, 2025. That has investors wondering if they should buy the semiconductor stock before the company announces its earnings results. *Stock prices used were the afternoon prices of June 18, 2025. The video was published on June 20, 2025. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Should you invest $1,000 in Micron Technology right now? Before you buy stock in Micron Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Micron Technology wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor 's total average return is995% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. *Stock Advisor returns as of June 9, 2025 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.