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Market Update Today: S&P500 and Bitcoin

Analysts Expect 32.4% Rise in S&P 500 Before The Year Ends

S&P P= $4496 A= $4519
DOW JONES P=$35290 A= $35457
NASDAQ P= $ 15049 A=$ 15291

*All of the assets went up since yesterday
*Health sector ended Tuesday higher with J&J and Merck &Co and Pfizer at 2%
*Investors are paying attention to high earnings for Q4.
*All eyes are on Apple’s new Macbook Pro line, powered by upgraded M1 chips, which drew positive comments from Wall Street.

Billionaire Investor Carl Icahn Thinks Bitcoin May Be The Best Hedge For Inflation

Previous: 62,056.3
Actual: 64,098.0 +2208.9 +3.57%

Billionaire investor Carl Icahn warned Tuesday that the next market crisis may be on the horizon, and Bitcoin could be the best hedge against inflation.

With the United States government continuing to stimulate the economy, Icahn stated that he fears the dollar is becoming more devalued and that the price of goods is rising.

“In the long run, we are certainly going to hit the wall. I really think there will be a crisis the way we are going, the way we are printing money, the way we are going into inflation. If you look around you, you see inflation all around you and I don’t know how you deal with that in the long term.” Icahn said on Monday with CNBC.

His comments were in line with Federal Reserve Chairman Jerome Powell who mentioned that inflation was rising along with supply issues.

The billionaire still believes there may be an alternative to investing in the stock market, and cryptocurrencies may be worth exploring.

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