Money

Bitcoin's Decade Ahead: A Vision for 2035

While Bitcoin has faced its share of detractors, its historical performance underscores its remarkable ascent from an obscure digital concept to a global asset valued at nearly $1.8 trillion. In 2025, despite a 7% dip that lagged the broader stock market, the leading cryptocurrency maintains a robust long-term outlook, according to expert analysis. Investors, accustomed to traditional business valuations, must adopt a creative approach to project Bitcoin's future price, as it operates without a conventional management structure or revenue-generating activities.

A compelling analogy for understanding Bitcoin's value proposition is its comparison to gold, sharing fundamental characteristics such as being borderless, global, decentralized, fungible, and scarce. Although gold boasts a millennia-long history as a reliable store of value, reflected in its 71% price surge in 2025 and increasing central bank reserves, Bitcoin possesses distinct advantages. Its absolute scarcity, with a fixed supply of 21 million units enforced by predictable halving events, contrasts sharply with gold's fluctuating supply, which can increase in response to demand through enhanced mining efforts or future technological advancements like asteroid mining. Moreover, Bitcoin's purely digital existence makes it inherently superior for a technologically driven world, facilitating commerce more efficiently than physical gold. The ease with which Bitcoin can be transacted, as demonstrated by companies like Block enabling seamless acceptance among its merchants, further highlights its practical superiority in the modern economy.

The digital asset's divisibility into tiny units, known as satoshis, also offers a flexibility that physical gold cannot match, unless gold is melted down and reminted into precise weights. Considering gold's estimated above-ground value of $31.4 trillion against Bitcoin's current $1.8 trillion market cap, the notion of Bitcoin closing this gap and experiencing a 17-fold increase within the next decade might seem ambitious. However, with supportive regulatory frameworks, enhanced liquidity, and ongoing innovation, the digital asset is projected to eventually surpass gold's total value over the very long term. A more immediate and plausible forecast suggests Bitcoin could achieve a 10-fold price increase in the coming decade, translating to an impressive 26% annual gain, albeit a moderation from its past decade's 70% annualized growth as it matures and gains wider acceptance.

The journey of digital currencies like Bitcoin illuminates the profound impact of innovation on traditional financial paradigms, inspiring us to embrace new frontiers and challenge conventional wisdom. This evolution signifies not just a technological leap, but a call to envision a future where digital advancements empower global inclusivity and economic accessibility, fostering a spirit of progress and collective prosperity.

Nvidia Licenses Groq's AI Chip Technology and Recruits Key Personnel Amid Acquisition Rumors

Nvidia has officially entered into a non-exclusive licensing agreement for Groq's advanced inference technology and will integrate key personnel from the AI chip startup. This move comes after initial speculation about a potential $20 billion acquisition by Nvidia, a report that Groq has since addressed, clarifying the nature of the partnership. The financial markets observed a minor fluctuation in Nvidia's stock price following these developments.

Strategic Technology Licensing and Talent Acquisition

Nvidia's strategic decision to license Groq's cutting-edge inference technology, rather than proceeding with a full acquisition, marks a significant moment in the artificial intelligence hardware sector. This agreement not only grants Nvidia access to Groq's specialized inference capabilities but also brings in a cohort of experienced professionals from the startup. This talent infusion is expected to bolster Nvidia's ongoing research and development efforts in AI, particularly in optimizing computational processes for deep learning models. The partnership underscores a growing trend in the tech industry where established giants seek to integrate innovative technologies and skilled human capital through collaborative models that may not always involve outright takeovers, thus allowing startups like Groq to maintain a degree of independence while leveraging the resources and market reach of larger corporations.

The announcement from Groq detailed a non-exclusive licensing deal, which implies that Groq retains the ability to license its inference technology to other partners, ensuring broader market penetration and potential revenue streams beyond Nvidia. Furthermore, the integration of Groq's top executives into Nvidia's ranks is a strategic play to absorb intellectual leadership and domain expertise, which can be critical for fast-tracking development in highly competitive fields such as AI chip manufacturing. This approach allows Nvidia to benefit from Groq's specialized knowledge and innovation culture without the complexities often associated with a complete corporate merger or acquisition, which can include significant integration challenges and cultural clashes. The market's initial reaction, with Nvidia's stock experiencing a slight downturn, suggests that investors are closely evaluating the implications of this nuanced partnership, contrasting it perhaps with the more definitive impact of a direct acquisition.

Market Response and Future Implications

Following the clarification of the partnership details, Nvidia's stock experienced a modest decline, indicating investor reassessment of the company's immediate strategic trajectory. The initial reports of a $20 billion acquisition had likely set certain market expectations, and the subsequent announcement of a licensing and talent integration deal presented a different, albeit still significant, strategic path. This reaction highlights the market's sensitivity to the specific nature of high-profile technology partnerships, especially concerning valuation and the scope of integration. For Nvidia, this move allows for a more agile incorporation of Groq's technology and expertise, potentially avoiding the higher costs and longer integration timelines associated with a full acquisition. It also reflects a calculated decision to leverage Groq's innovation while maintaining flexibility in its long-term AI hardware strategy.

The subtle dip in Nvidia's stock, though not a severe downturn, suggests that the market is carefully processing the implications of a licensing agreement versus a direct acquisition. An acquisition would have provided Nvidia with full control over Groq's intellectual property and future innovations, potentially offering a more consolidated competitive advantage. However, licensing allows Nvidia to quickly deploy Groq's inference technology to enhance its existing AI ecosystem, while the recruitment of key personnel ensures that the institutional knowledge and creative drive behind Groq's innovations are retained and channeled into Nvidia's projects. This approach could be viewed as a more capital-efficient way for Nvidia to access cutting-edge AI capabilities and talent, focusing on synergistic integration rather than outright ownership. The long-term success of this strategy will depend on how effectively Nvidia integrates Groq's technology and talent to solidify its dominant position in the rapidly evolving AI chip market, ultimately influencing its future stock performance and market leadership.

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Christmas Day Operating Hours: What's Open and Closed?

As families gather to celebrate Christmas on December 25, understanding which services and businesses are operational is crucial for planning. This guide provides a comprehensive overview of establishments that will be closed or open with modified hours during the holiday.

Navigating the Holiday: Essential Business Hours on Christmas Day

Widespread Closures: Federal, Financial, and Major Retail Sectors Halt Operations

On Thursday, December 25th, the nation will observe Christmas Day with a significant number of closures. Most federal and financial entities will cease operations for the holiday. This includes all banking institutions, post offices, and the major stock exchanges, NYSE and Nasdaq, which will not conduct trading. Additionally, prominent shipping and logistics companies, such as United Parcel Service Inc. (NYSE: UPS) and FedEx Corp. (NYSE: FDX), will suspend their regular pickup and delivery services, impacting package flow.

Retail Giants Observe the Holiday: Stores Closed Nationwide

Major retail corporations are also prioritizing their employees' holiday by closing their doors. Consumers will find that large chains like Walmart Inc. (NYSE: WMT), Target Corp. (NYSE: TGT), Costco Wholesale Corp. (NASDAQ: COST), Macy's Inc. (NYSE: M), and Kohl's Corp. (NYSE: KSS) will not be open for business on Christmas Day. This widespread closure among retailers emphasizes the holiday's importance as a time for rest and celebration for many workers.

Essential Services Remain Available: Pharmacies and Convenience Stores Adjust Hours

While many businesses will be closed, certain essential services will remain accessible to the public, albeit with altered schedules. Selected pharmacy chains, including CVS Health Corp. (NYSE: CVS) and Walgreens, plan to operate on Christmas Day. However, customers are advised to confirm local store hours in advance, as pharmacy counters might be closed even if the retail section is open. Convenience stores like 7-Eleven will also welcome customers, typically with adjusted operating times to accommodate the holiday.

Resumption of Normal Operations: Post-Holiday Business Outlook

Following the Christmas holiday, regular business activities are set to resume. Financial markets, banks, and post offices will reopen their doors on Friday, November 28th, returning to their standard operating hours. This quick return to normal ensures that economic and public services experience minimal disruption beyond the holiday itself, allowing for a swift transition back to routine.

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