Billionaire investor and Baron Capital CEO Ron Baron says he has given his firm the green light to accumulate 10 figures worth of SpaceX (SPCX) shares.

In a call with other Baron Capital executives, Baron says that since SpaceX is looking to raise $70 billion from the public markets following its debut on June 12th, he wants his investment firm to buy $1 billion worth of SPCX shares to avoid dilution.

“So we own about 1.25% of SpaceX. And if you’re going to raise $70 billion, and I don’t want to be diluted, then we need to have a billion dollars.”

According to Baron, he expects massive demand for SpaceX from multiple sources, starting with big money managers who do not own any or own very little of Elon Musk’s tech firm.

“And there are so many people who are huge money managers, people with $2 trillion, $3 trillion, $1 trillion. They don’t own a share. And the people who have $7 or $8 trillion, they own way less than they can. So you have huge demand coming from people who don’t own enough and have to own more.”

With SpaceX’s expected inclusion in the Nasdaq 100 following the adoption of the “fast-track” rule, the billionaire sees additional demand from passive investors.

“And then you also have these indexes where passive investors have to invest in those indexes, whether they like it or not. If they’re going to duplicate an index, and you have a new company coming into the index, they’ve got to invest in it. So you have demand coming from investors who don’t own any and are large-cap growth, they have to own it.

And then, in addition to that, you have people who are going to be trying to duplicate an index, and they have to own it too. And then you have people like us who say, ‘Boy, I have never in my life seen a business like this,’ and I haven’t. Then, they have to own it too.”

SpaceX is targeting an initial public offering price of $135 at a valuation of $1.77 trillion.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Surf The Daily Hodl Mix

Generated Image: Midjourney

Source link

A crypto analyst has shared a detailed forecast outlining when Bitcoin could regain bullish momentum and climb back toward $100,000. The expert mapped out the asset’s expected monthly price targets throughout 2026, highlighting periods of sharp sell-offs and a potential recovery phase.

While some months point to extreme price declines and market uncertainty, the forecast suggests Bitcoin may gradually rebuild strength and enter a fresh uptrend that could push it back toward six-figure territory.

Related Reading

Bitcoin Price Forecast From June To September 2026

In an X post published on June 3, crypto market analyst Aralez presented his outlook for Bitcoin in 2026, detailing where he believes the leading cryptocurrency could trade throughout the year. The analyst noted that BTC is still in a strong bear market until a final bottom is reached. According to him, both the second quarter (Q2) and third quarter (Q3) are likely to remain bearish, with Bitcoin set for further declines.

At the time of writing, Bitcoin is trading near $60,000 after shedding more than 17% over the past week. During this period, BTC has struggled under mounting selling pressure, weakening market sentiment, and broader geopolitical uncertainty tied to the ongoing US-Iran conflict. Aralez believes this downturn may not be over, forecasting that Bitcoin could finish June with a major bearish sweep toward the $60,000 level.

Supporting his bearish stance with a well-detailed chart, the analyst expects an even steeper decline for Bitcoin in July. He predicts that BTC could fall to as low as $53,000, marking a drop of more than 11% from the $60,000 support area.

Aralez described the projected move as a major bear trap, where traders are lured into expecting a prolonged breakdown before the market eventually reverses to the upside.

Drawing from this, the crypto expert sees the possibility of a short-lived relief rally by August. He predicted that Bitcoin could rebound into the $65,000-$68,000 range, though that move may end up becoming a significant bull trap, as the analyst’s outlook for next month points to another sharp decline.

Notably, Aralez’s October forecast appears to mark the end of Bitcoin’s bearish cycle. The analyst projects a final market bottom near $46,000, a level representing a decline of more than 23% from Bitcoin’s current price of near $60,000. According to his projection, this capitulation event could set the stage for a broader market recovery later in the year.

BTC Recovery Plan Targets $100,000 By December 

For all of Q4 2026, Aralez forecasts a strong recovery for Bitcoin, with prices potentially climbing back toward $100,000. He predicts this rebound to begin in October, with the price officially breaking out of its current downtrend and steadily moving upward.

Related Reading

By November, Aralez projects Bitcoin could rally above $85,000, a level that would confirm a renewed bull market. After clearing this resistance, stronger bullish momentum could extend into December, with the analyst suggesting a possible move toward the $100,000 psychological level, representing roughly a 65% gain from current levels. 

Featured image from Unsplash, chart from TradingView

Source link

The brokerage, investing and financial advisory arm of Wells Fargo is highlighting one market sector that could benefit immensely from growing investments in artificial intelligence (AI) and data centers.

Wells Fargo Advisors says that the current stock market performance is being driven by investments in artificial intelligence (AI) and data centers. According to Wells Fargo Advisors, utilities are one of the key beneficiaries of this burgeoning investment.

“As a key supplier in the data center landscape, the Utilities sector is riding this demand wave and has produced strong returns, a trend we expect to continue.”

Wells Fargo Advisors says that electric utilities are “likely to see the greatest data center benefit” relative to other subsectors.

“As owners of power generation and distribution assets, utilities — electric utilities in particular — stand to benefit from this long-term infrastructure buildout. In fact, many have already raised long-term annual earnings growth outlooks into the high-single- to low-double-digit range. When paired with 2% to 3% dividend yields, this supports attractive total return prospects, in our view.”

Besides electric utilities, Wells Fargo Advisors says other utility subsectors are also going to benefit, but on a reduced scale.

“Electric utilities, however, do not have a monopoly on data center power demand. Natural gas distributors (also utilities), producers (energy companies), and pipeline operators are also benefiting by supplying fuel or building on-site power generation at data center campuses.”

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Surf The Daily Hodl Mix

Generated Image: Midjourney

Source link

XRP has spent much of 2026 trading below the targets often discussed across its community, but one XRP commentator is saying that projections to these price targets are being viewed through the wrong lens. The analyst claims that XRP should not be measured like a traditional stock, especially if the asset functions as it is designed and it becomes tied to institutional settlement, liquidity routing, and high-value financial transfers.

XRP Commentator Says Market Cap Logic Misses The Point

Most XRP price discussions are based on market cap comparisons and circulating supply figures, which are the same models used to analyze stocks. However, according to an XRP commentator account known as CharuSan, this is a stagnant market cap logic being applied to XRP since it fundamentally misunderstands what the cryptocurrency was built to do.

Related Reading

XRP is meant to play as a liquidity and velocity asset; therefore, the cryptocurrency’s price should not rise only because investors are buying it on exchanges. Instead, the projection is that XRP’s price will need to be much pushed higher if institutional systems begin using it as a bridge asset for massive transfers that demand deep liquidity within seconds.

Furthermore, CharuSan XRP pointed to the size of global derivatives, stock markets, debt markets, DTCC volumes, FX settlement, banks, OTC markets, and Nostro/Vostro accounts as areas where liquidity demand could come from if they are fully integrated with the XRP Ledger. Therefore, a $500 billion or $1 trillion market cap would still be too small if XRP were expected to support these institutional trading volumes.

XRP Needs To Be $300 At Least

The price target floated by the analyst is that XRP will be mathematically forced to skyrocket to $300 in order to keep the wheels running. Notably, the $300 prediction is tied to a specific condition of full integration of XRP into major financial transfer systems. Once institutional automated software and APIs begin sending large transfer orders into liquidity pools, the market will no longer be guided mainly by small exchange buy and sell orders.

Based on that setup, the main issue would be the amount of available XRP at the exact moment a transfer needs to be completed. If billions of dollars are moving per second, institutions will not search for cheap XRP sitting on a normal order book. The systems would draw from the deepest available liquidity pool, and the unit price would need to rise if available supply cannot support the transfer volume.

Related Reading

Interestingly, the latest post is part of a series from CharuSan XRP on how XRP could reach $300. In the previous part, he focused more directly on On-Demand Liquidity and the difference between circulating supply and truly available XRP. He gave the example of a $200 billion bank transfer.

If XRP were priced at $20, such a transfer would require 10 billion XRP, which would be difficult to support if the system were handling not just one bank but thousands of banks and institutions at the same time. RippleNet currently has over 300 banking partners, and about 40% are actively using On-Demand Liquidity.

Featured image created with Dall.E, chart from Tradingview.com

Source link