Latest news for Soma Gold (OTC:SMAGF) Stock

Soma Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. It operates El Bagre Gold Mining Complex. The El Bagre operations consist of a gold processing plant, the La Ye and Los Mangos operating underground gold mines, and the Cordero mine development project. The Company produces dore which contains both gold and silver. The dore is further processed to produce refined metals.

Soma Gold Corp

Best known for providing election polls and analysis, Nate Silver has a new prediction, or rather a suggestion that Vice President Kamala Harris should become president, despite losing the <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">2024 presidential election.</a>
What Happened: Silver doesn't think that Harris should be declared the winner of the 2024 presidential election, but rather should take over for outgoing President Joe Biden for the remainder of his term ahead of Donald Trump's <a href="https://www.benzinga.com/general/social-media/24/11/41784933/donald-trumps-wealth-soars-with-2024-election-win-heres-how-much-president-elect-is-worth-ho">return to the White House.</a>
"Is there any particular reason to assume Biden is competent to be president right now? It's a very difficult job. It's a dangerous world. Extremely high-stakes decisions in Ukraine. He should resign and let Harris serve out the last two months," Silver <a href="https://x.com/NateSilver538/status/1859267392578179197">tweeted</a>.
The comments from Silver come after it was reported that Biden avoided the press while in South America for the G-20 summit, as <a href="https://nypost.com/2024/11/20/us-news/pollster-nate-silver-calls-on-biden-to-resign-after-claiming-he-isnt-competent-let-harris-serve/">reported </a>by the New York Post.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent112124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Age has been an important topic during the 2024 election cycle with Biden 82 years old and President-elect Trump 78 years old.
When Biden leaves the White House, he will break the record for the oldest president at the end of their term by more than four years, surpassing Ronald Reagan who was nearly 78 when he left the White House in 1989.
Trump will break the record for the oldest president at the start of a term, breaking Biden's current record of 78 years, 61 days set in January 2021.
Silver previously argued Biden should be replaced on the Democratic ticket for the 2024 election, an event that came true after Biden withdrew from the race after a poor showing in the first presidential debate.
Biden<a href="https://www.benzinga.com/news/econ-s/24/11/42038707/gold-natural-gas-prices-rally-us-russia-tensions-escalate-over-ukraines-long-range-strikes"> recently authorized</a> Ukraine to use U.S.-supplied missiles in their attacks against Russia, an event that has escalated tensions in Europe and led to more concerns about the president's decisions during his last remaining time in the White House.
If Biden were to step down, Harris would become the first female president of the U.S., although it would come as a short-time event and after American voters have still not elected a female president to the White House.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41752969/nate-silvers-closest-call-yet-how-2024s-election-stands-apart-from-his-predictions-in-2016">Nate Silver&#8217;s Closest Call Yet: How 2024&#8217;s Election Stands Apart From His Predictions In 2016 And 2020</a></li>
</ul>
Photo: Shutterstock

Government

Politics

Global

Nate Silver Says Biden Should Resign, Have Harris Take Over Presidency: 'It's A Very Difficult Job'

Germany&#8217;s medical cannabis imports reached 20.1 tons in Q3 2024, a substantial increase from previous quarters. This surge follows the April 2024 revision of the country&#8217;s narcotics law, which has facilitated greater access to medical cannabis. 
Despite this growth, medical cannabis users still represent less than 0.3% of the population, indicating significant potential for market expansion.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can't afford to miss out if you&#8217;re serious about the business.</li>
</ul>
<h3 class="wp-block-heading">Rejection Rates And Market Dynamics</h3>
Historically, approximately 40% of imported cannabis in Germany has been either rejected or re-exported, with pharmacies purchasing about 60% of imports, according to analyst <a href="https://zuanicgroup.com/">Pablo Zuanic</a> of Zuanic and Associates.
In Q3 2024, as importers rushed to build inventories, rejection rates likely increased, potentially resulting in pharmacies purchasing between 50% and 55% of imports. 
This suggests that out of the 20.1 tons imported, pharmacies acquired between 10 and 11 tons, doubling the levels seen before the April reforms.
<h3 class="wp-block-heading">Shifts In Exporter Market Shares</h3>
<a href="https://www.benzinga.com/topic/canada-cannabis">Canada</a> remains the largest supplier, exporting 8.1 tons to<a href="https://www.benzinga.com/topic/germany-cannabis"> Germany</a> in Q3 2024. However, its market share declined to 40% from 59% in Q1.&nbsp;Several Canadian companies actively operate in Germany's cannabis market, including Aurora Cannabis Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACB#NASDAQ">ACB</a>), Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>), and Tilray Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>), leveraging their expertise in cultivation and distribution to meet the growing demand.
<a href="https://www.benzinga.com/topic/portugal-cannabis">Portugal</a>&#8216;s share increased to 21%, with <a href="https://www.benzinga.com/topic/denmark">Denmark</a> at 13%, and Spain and Uruguay each contributing 5%. Notably, the Netherlands&#8217; share dropped to 2% from 8% in 2023.
Read Also: <a href="https://www.benzinga.com/general/market-summary/24/11/42100955/the-u-s-cannabis-strategy-no-ones-talking-about-inside-canopys-300m-plan">The U.S. Cannabis Strategy No One&#8217;s Talking About: Inside Canopy&#8217;s $300M Plan</a>
<h3 class="wp-block-heading">Implications For The Market</h3>
The annualized value of Germany&#8217;s medical cannabis market is estimated at €352 million (US$375 million). According to Zuanic, "With less than 0.3% of the population currently using medical cannabis, the market remains underdeveloped but has immense growth potential."
Zuanic explains that if Germany reaches a 1% penetration rate, similar to Canada&#8217;s, "that would imply more than 4-5x upside." However, achieving this growth will require <a href="https://www.benzinga.com/general/biotech/24/08/40298228/think-you-can-do-it-all-20-000-reasons-why-automation-outperforms-a-broad-approach-in-cannabis">addressing key challenges</a>. "More consistent and ample supplies across price and quality spectrums, new formats being allowed, and streamlined prescription systems."
Despite these hurdles, Zuanic says he is still optimistic. "It is still early days, but the German medical cannabis market could accelerate as these issues along the supply chain improve," he added, signaling the potential for significant expansion in this nascent market.
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/11/41997646/tilray-joins-german-cannabis-fiesta-with-first-locally-grown-strains">Tilray Joins German Cannabis Fiesta With First Locally Grown Strains</a>

Cannabis

Market Summary

News

Emerging Markets

Entrepreneurship

Eurozone

Retail Sales

Success Stories

Markets

TLRY

German Cannabis: 20 Tons, 10M Grams - And That's Only 0.3% Of The Market, What's Missing?

UBS analyst Colin Bristow maintains Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) with a Neutral and raises the price target from $70 to $96.

Price Target

Analyst Ratings

GILD

UBS Maintains Neutral on Gilead Sciences, Raises Price Target to $96

Since its launch in 2018, CUPRA, the first new automotive brand created within the Volkswagen Group, has sold over 750,000 cars.&nbsp;
&nbsp;

VWAGY

Spain Car Brand CUPRA Says It Is In Preliminary Talks With Penske Automotive Group To Explore Partnership In US

This collaboration provides Inspirato members with access to BLADE's helicopter services, bringing them closer to Inspirato's luxury destinations with unmatched convenience and style.

BLDE

ISPO

Inspirato Enters Strategic Partnership With BLADE  Urban Air Mobility

Editor&#8217;s note: This story has been updated to remove references to an individual that lacked context and relevance. 
Crude oil WTI futures saw a slight uptick following a significant phone call between President-elect Donald Trump and Russian President Vladimir Putin.
What Happened: At the time of writing, Crude Oil WTI Futures was up 0.18% at $70.25 per barrel on Monday during pre-market hours.
President-elect Trump reportedly had a phone discussion with President Putin on Thursday, marking their first interaction since Trump&#8217;s election win, The Washington Post <a href="https://www.washingtonpost.com/national-security/2024/11/10/trump-putin-phone-call-ukraine/">reported</a> on Sunday. Trump urged Putin to refrain from escalating the Ukraine conflict, highlighting the substantial U.S. military presence in Europe. The dialogue also included discussions on achieving peace across Europe, with Trump expressing interest in further talks to hasten a resolution to the Ukraine issue. 
These developments could have contributed to a rise in Crude Oil WTI Futures. The market often responds to potential de-escalation in geopolitical tensions, which can ease supply concerns and potentially lower prices.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41869034/skyrocketing-bitcoin-nears-80000-milestone-on-optimism-over-trump?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Surges Past $80,000 Milestone For First Time On Optimism Over Trump</a>
Why It Matters: The phone call between <a href="https://www.benzinga.com/news/global/24/11/41865062/putin-congratulates-trump-on-2024-election-victory-russian-leader-said-president-elect-manly-for-how-he-handled-assassination-attempt">Trump and Putin</a> comes amid heightened scrutiny of Russian oil trade. The U.S. Justice Department has been intensifying efforts to enforce sanctions on Russia&#8217;s energy exports. 
Additionally, Russian oil has found its way to U.S. shores through a <a href="https://www.benzinga.com/news/earnings/24/02/36888966/russian-oil-hits-us-shores-under-sanction-busting-loophole">sanction-busting loophole</a>, despite a ban on its import following Russia&#8217;s invasion of Ukraine. 
Oil prices have been volatile lately, with <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41715076/oil-prices-spike-by-over-3-as-opec-delays-production-increases-ahead-of-us-electi">OPEC+ recently delaying production </a>increases ahead of the U.S. elections, causing a spike in prices.
Meanwhile, Oil prices remained relatively stable on Monday as concerns over potential supply disruptions from a U.S. storm subsided, and China's recent stimulus measures underwhelmed investors hoping for a boost in fuel demand from the world's second-largest oil consumer. Brent crude futures edged up by 4 cents, reaching $73.91 per barrel by 0714 GMT, while U.S. West Texas Intermediate (WTI) crude slipped 7 cents to $70.31 per barrel.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41868204/cryptocurrencies-rally-following-trump-victory-el-salvadors-bitcoin-bet-pays-off-and-more-top-crypto-updates-this-week?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cryptocurrencies Rally Following Trump Victory, El Salvador&#8217;s Bitcoin Bet Pays Off And More: Top Crypto Updates This Week</a></li>
</ul>
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Photo by Evan El-Amin and Frederic Legrand &#8211; COMEO on Shutterstock

Commodities

General

Trump Reportedly Urges Russian President To Deescalate War With Ukraine: Here's How Crude Oil WTI Futures Are Reacting (UPDATED)

MicroStrategy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares are climbing after-hours after the company announced it completed its previously announced offering of its 0% convertible <a href="https://www.benzinga.com/pressreleases/24/11/b42122992/microstrategy-completes-3-000-000-000-offering-of-0-convertible-senior-notes-due-2029">senior notes due 2029.&nbsp;</a>
The Details: MicroStrategy said the aggregate principal amount of the notes sold in the offering was $3 billion, which includes $400 million aggregate principal amount of notes issued pursuant to an option to purchase.&nbsp;
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a>
The net proceeds from the sale of the notes were approximately $2.97 billion, after deducting the initial purchasers&#8217; discounts and commissions and estimated offering expenses payable by the company.&nbsp;
MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and for general corporate purposes. MicroStrategy holds a total of 331,200 Bitcoin purchased at an average price of approximately $49,874 per coin as of Nov. 17.
What Else: MicroStrategy shares fell more than 16% in Thursday's regular session after short-seller Citron Research's Andrew Left announced he took a new <a href="https://www.benzinga.com/24/11/42118133/short-seller-andrew-left-targets-microstrategy-stock-as-hedge-against-bullish-bitcoin-bet-completely-detached-from-btc-fundamentals">short position</a> in the stock which has rallied more than 50% since President-elect Donald Trump won the election on Nov. 5.&nbsp;
"Fast forward to today: $MSTR has skyrocketed to over $5,000 (adjusted) … while Citron remains bullish on Bitcoin, we&#8217;ve hedged with a short $MSTR position," Left said. "Much respect to @saylor, but even he must know $MSTR is overheated," Citron Research wrote in a post on X.&nbsp;
MSTR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, MicroStrategy shares are up 5.48% after-hours at $410.05 at the time of publication Thursday.&nbsp;
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Photo: Courtesy of MicroStrategy, Inc.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Short Sellers

After-Hours Center

Movers

$BTC

MSTR

What's Going On With MicroStrategy Stock After The Bell?

AESI

Atlas Energy Solutions To Replace Mueller Industries In S&P SmallCap 600

Mueller Industries To Replace Texas Pacific Land In S&P MidCap 400

Cannabis stocks reacted with mixed results on Thursday after Matt Gaetz <a href="https://www.benzinga.com/24/11/42119848/matt-gaetz-withdraws-name-from-ag-nomination-calls-sex-trafficking-controversy-a-distraction">withdrew his nomination</a> for U.S. Attorney General amid <a href="https://www.benzinga.com/news/legal/24/11/42078192/trumps-attorney-general-pick-matt-gaetz-resigned-from-congress-ethics-committee-to-decide-if-report-will-be-released">allegations</a> of sexual misconduct, drug use, lack of legal experience and more. Last week, President-elect Donald Trump <a href="https://www.benzinga.com/news/legal/24/11/41959036/trump-nominates-another-cannabis-supporter-to-cabinet-rep-matt-gaetz-for-attorney-general">nominated</a> Gaetz who is a long-time supporter of cannabis legalization. 
While Gaetz's exit may not be directly tied to the sector's performance, multi-state operators (MSOs) and cannabis ETFs recorded notable declines, reflecting ongoing investor jitters in a politically sensitive market.
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can&#8217;t afford to miss out if you're serious about the business.</li>
</ul>
<h3 class="wp-block-heading">MSOs Slides, Sector Faces Pressure</h3>
The AdvisorShares Pure US Cannabis ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSOS#NYSE">MSOS</a>), often viewed as a benchmark for MSOs, dropped by -4.31%, closing at $4.56. This decline highlights the continued uncertainty in the cannabis space, as investors reassess the implications of a reshuffling political landscape.
Curaleaf Holdings Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTCQX">CURLF</a>), one of the largest MSOs in the U.S., shed -4.10%, finishing the day at $1.99. Trulieve Cannabis Corp. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTCQX">TCNNF</a>) was not far behind, falling -1.93% to $6.11. Meanwhile, Cresco Labs Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTCQX">CRLBF</a>) dropped -5.74%, closing at $1.15.While some MSOs struggled, Green Thumb Industries (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTCQX">GTBIF</a>) managed to stay in positive territory closing at $9.30.
<h3 class="wp-block-heading">Sundial Stands Out</h3>
Sundial Growers Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) defied the broader sector trends, climbing 1.79% to end the day at $1.995. Other gainers included Tilray Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>), which rose 1.94% to $1.315, and Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>), up 2.53% to $3.855.
<h3 class="wp-block-heading">Deep Declines&nbsp;</h3>
Thursday saw significant losses among smaller players, with Cansortium Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CNTMF#OTCQX">CNTMF</a>) plunging -22.72%, closing at $0.0711. iAnthus Capital Holdings Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ITHUF#OTCQX">ITHUF</a>) also struggled, dropping -11.43% to $0.00558.
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/11/42122634/gop-bathroom-battle-cannabis-advocate-nancy-mace-will-stand-in-the-way-of-any-man-who-tries-to-get-into-womens-room">GOP Bathroom Battle: Cannabis Advocate Nancy Mace Will &#8216;Stand In The Way Of Any Man&#8217; Who Tries To Get Into Women&#8217;s Room</a>

ETFs

CNTMF

CRLBF

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

GTBIF

ITHUF

MSOS

SNDL

TCNNF

Cannabis Stocks Feel The Burn: Matt Gaetz Bows Out As Trump's Attorney General Nominee

Texas Pacific Land  To Replace Marathon Oil In S&P 500

The price of leading cryptocurrency Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continues to hit new all-time highs, breaking several records since the<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42109267/bitcoin-hits-new-all-time-high-above-98000-as-spot-etfs-crack-100-billion-net-asset-value-milestone"> 2024 presidential election.</a>
Investors who bought earlier this year or ahead of the election have generated strong profits, but nowhere near the gains that investors got being early believers in the cryptocurrency.
What Happened: In October 2008, pseudonymous&nbsp;Satoshi Nakamoto<a href="https://www.benzinga.com/markets/cryptocurrency/22/08/28349295/understanding-bitcoins-whitepaper" target="_blank" rel="noreferrer noopener">&nbsp;published a whitepaper</a>&nbsp;titled &#8220;Bitcoin: A Peer-to-Peer Electronic Cash System.&#8221; The whitepaper provided many key details and explained why Bitcoin was created.
In January 2009, Nakamoto mined the genesis block of the first 50 Bitcoins and the cryptocurrency was officially born.
When Bitcoin was released, there were only two ways to get the cryptocurrency: mine the Bitcoin yourself or use a peer-to-peer transaction.
Bitcointalk, a forum created by Nakamoto to host discussions on Bitcoin, was used for several transactions. The transactions were deemed risky at the time because they required trust from both parties and were mostly anonymous.
In October 2009, one of the first-ever recognized Bitcoin transactions happened when a Finnish computer science student sold 5,050 Bitcoin for $5.02 (which represented a value of $0.0009 for each Bitcoin), according to&nbsp;<a href="https://www.forbes.com/advisor/investing/cryptocurrency/bitcoin-price-history/" target="_blank" rel="noreferrer noopener">Forbes</a>. The transaction took place on&nbsp;PayPal.
Less than a year later in May 2010, one of the most famous Bitcoin transactions of all time — and what is widely believed to be the first retail transaction — took place when programmer&nbsp;Laszlo Hanyecz&nbsp;sought out a person to buy him pizza in exchange for Bitcoin. A person in England subsequently spent around $41 to buy pizza from Papa John&#8217;s for Hanyecz in exchange for 10,000 Bitcoin. This represented a value of around $0.0041 for each Bitcoin.
It wasn&#8217;t until 2011 and after the launch of several major crypto exchanges that the cryptocurrency hit a price of $1.
In 2021, Bitcoin&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36083106/heres-how-much-100-invested-in-bitcoin-today-will-be-worth-if-crypto-hits-new-all-time-hig" target="_blank" rel="noreferrer noopener">hit an all-time high</a>&nbsp;of $68,789.63 as part of a year that saw increased interest in the leading cryptocurrency and many other cryptocurrencies.
In 2022, Bitcoin and other cryptocurrencies fell in value and interest with several notable cryptocurrency trading platforms declaring bankruptcy.
The<a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36514679/wall-street-enters-the-crypto-age-sec-issues-historic-approval-of-spot-bitcoin-etfs" target="_blank" rel="noreferrer noopener">&nbsp;approval of Bitcoin ETFs&nbsp;</a>in 2024 has led to increased interest in Bitcoin once again and a surge in the price of the leading cryptocurrency.
Fast forward to today and Bitcoin is trading near the $100,000 milestone with a current price of $98,093.47 at the time of writing. Bitcoin hit a new all-time high of $99,014.21 earlier on Nov. 21, 2024.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36471920/happy-birthday-bitcoin-15-fun-facts-about-leading-cryptocurrency">Happy Birthday Bitcoin: 15 Fun Facts About Leading Cryptocurrency</a>
Investing $1 in Bitcoin:&nbsp;Using the early transactions referenced above, a hypothetical investment in the early days could have provided quite the return for its holder, or in this case a &#8220;hodler.&#8221;
A $1 investment in Bitcoin at the time of the first transaction on PayPal would have netted 1,111.1111 Bitcoin.&nbsp;That investment would be worth $108,992,743.36 today based on a price of $98,093.47 for Bitcoin at the time of writing.
In contrast, a $1 investment in Bitcoin at the time of the Bitcoin-pizza transaction could have bought 243.9024 Bitcoin.&nbsp;That investment would be worth $23,925,232.76 today based on the same price of $98,093.47 for Bitcoin at the time of writing.
While investing in Bitcoin today might never be worth millions of dollars in the future, the hypothetical investment illustrated the large increase in the value of the leading cryptocurrency over time. Ark Invest CEO Cathie Wood<a href="https://www.benzinga.com/general/education/24/11/42017619/heres-how-much-100-in-bitcoin-could-be-worth-in-2030-if-cathie-woods-price-target-is-reached"> has a price target </a>of $3.8 million for Bitcoin by 2030.
A fixed supply of 21 million Bitcoin could also lead to further increases in the asset&#8217;s price as more people seek to take positions.
Many have predicted Bitcoin&#8217;s death over the years, but the cryptocurrency remains the leader in the space and has a market capitalization of over $1 trillion today.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/events/24/11/42071064/exclusive-anthony-pompliano-calls-for-us-to-buy-250b-bitcoin-on-day-1-of-trump-administration-protect-our-future-its-such-a-no-brainer">EXCLUSIVE: Anthony Pompliano Calls For US To Buy $250B Bitcoin On Day 1 Of Trump Administration: &#8216;Protect Our Future, It&#8217;s Such A No Brainer&#8217;</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via Midjourney.

Education

If You Bought $1 Worth Of Bitcoin At Launch, Here's How Much You'd Have Today

Jefferies analyst Omar Nokta maintains ZIM Integrated Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) with a Hold and raises the price target from $25 to $28.

Jefferies Maintains Hold on ZIM Integrated Shipping, Raises Price Target to $28

Jefferies analyst Thomas Chong maintains PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) with a Buy and lowers the price target from $181 to $171.

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Jefferies Maintains Buy on PDD Holdings, Lowers Price Target to $171

Jefferies analyst Stephanie Wissink maintains BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) with a Buy and raises the price target from $105 to $110.

Jefferies Maintains Buy on BJ's Wholesale Club, Raises Price Target to $110

Logistic Properties Of The Americas Inks A USD-Denominated Lease For 41,226 Square Feet At Parque Logístico Callao With A Third-party Logistics Provider

The award of this two-year project is expected to generate revenue for the Company of approximately $125 million. The project is set to begin January 2025 with completion expected in October 2026.&nbsp;

Contracts

North American Construction Says Mikisew North American Limited Partnership Has Secured A Heavy Civil Construction Contract From A Producer In The Oil Sands Region

Compass Point analyst Chase White downgrades MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) from Buy to Neutral and announces $25 price target.

Downgrades

MARA

Compass Point Downgrades MARA Holdings to Neutral, Announces $25 Price Target

Cryptocurrency markets are trading higher, with Bitcoin approaching $100,000, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122387/solana-soars-10-reaches-new-all-time-high-market-cap-what-is-going-on">Solana ETF talks</a> picking up steam and <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122141/xrp-price-up-8-what-is-going-on-with-ripple">XRP gaining</a> on Gary Gensler announcing his resignation on Donald Trump&#8216;s inauguration day.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td> $97,986</td>
<td>+3.1%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td> $3,348</td>
<td>+8.7%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td> $253.64</td>
<td>+7.1%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td> $0.3841 </td>
<td>+1.9%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td> $0.00002454 </td>
<td>+2.2%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 8.5% and daily active addresses up by 0.4%. Transactions greater than $100,000 are up from 11,911 to 13,321 in a single day. Exchanges netflows are down by 89%.</li>
<li>Coinglass data reports 139,421 traders were liquidated in the past 24 hours for $469.70 million.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121936/bitcoin-boom-20-microstrategy-gains-traction-as-a-leveraged-bet-on-crypto-growth">Bitcoin Boom 2.0? MicroStrategy Gains Traction As A &#8216;Leveraged Bet&#8217; On Crypto Growth</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42114875/coinbase-ceo-brian-armstrong-stands-out-as-candidate-for-donald-trumps-reported-crypto-czar-position-cardano-co-founder-says">Coinbase CEO Brian Armstrong &#8216;Stands Out&#8217; As Candidate For Donald Trump&#8217;s Reported &#8216;Crypto Czar&#8217; Position, Cardano Co-Founder Says</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">Gary Gensler To Step Down As SEC Chair On Trump&#8217;s Inauguration Day</a></li>
<li><a href="https://www.benzinga.com/24/11/42103633/chinese-court-affirms-cryptocurrency-ownership-as-legal-as-bitcoin-breaks-97k">Chinese Judge Cites &#8216;High-Pressure Crackdown&#8217; On Speculation In Judgment Declaring Crypto Ownership Legal As Bitcoin Moves Past $97K</a></li>
<li><a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a></li>
<li><a href="Core%20Fusion%20Upgrade%20Introduces%20Dual%20Staking%20And%20Liquid%20Bitcoin%20Staking">Core Fusion Upgrade Introduces Dual Staking And Liquid Bitcoin Staking</a></li>
</ul>
Top Gainers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Optimism (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">OP</a>)</td>
<td> $2.10</td>
<td>+26.3%</td>
</tr>
<tr>
<td>Arbitrum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">ARB</a>)</td>
<td> $0.79</td>
<td>+26.2%</td>
</tr>
<tr>
<td>Starknet (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">STRK</a>)</td>
<td> $0.5031</td>
<td>+18.6%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: With Bitcoin prices chasing the all-time high levels, crypto trader Kaleo <a href="https://x.com/CryptoKaleo/status/1859451257615757647">tweeted</a> "Bitcoin is currently one Ethereum away from $100,000."
Benjamin Cowen explained Bitcoin is tracking the average returns of prior halving years and if this trend continues Bitcoin could reach $120,000.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> is currently tracking the average returns of prior halving years. If the trend continues it would put <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> around $120k <a href="https://t.co/FFGKs9a0Jc">pic.twitter.com/FFGKs9a0Jc</a>
&mdash; Benjamin Cowen (@intocryptoverse) <a href="https://twitter.com/intocryptoverse/status/1859683231089729885?ref_src=twsrc%5Etfw">November 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Crypto trader Kevin explained that despite BTC nearing $100,000, there is minimal hype compared to the 2020-2021 bull run. 
He highlights a lack of live streams, sensational thumbnails, and low engagement across platforms, along with muted sentiment on Google Trends.
He <a href="https://x.com/Kev_Capital_TA/status/1859678748683231451">believes</a> investors' focus on altcoins and frustration with lack of movement could be one factor while market not reaching euphoric stage could signal still far away from cycle's peak.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116183/michael-saylor-predicted-bitcoin-to-hit-13-million-if-it-happens-it-will-entail-massive-hyperinflation-analyst-warns">Michael Saylor Predicted Bitcoin To Hit $13 Million — If It Happens, It Will Entail &#8216;Massive Hyperinflation,&#8217; Analyst Warns</a></li>
</ul>
Image: Shutterstock

$ARB

$DOGE

$ETH

$SHIB

$SOL

$STRK

Bitcoin, Ethereum, Dogecoin Prep For Early Thanksgiving: 'BTC Is Currently (Less Than) One ETH Away From $100,000,' Says Trader

It is payable on December 31, 2024, to the shareholders of record at the close of business on December 13, 2024.

Dividends

STEL

Stellar Bancorp Boosts Quarterly Cash Dividend From $0.13 To $0.14 Per Share

Soma Gold GAAP EPS of C$0.04, revenue of C$22.78M

Soma Gold says CEO Unda to temporarily step down from helm

Soma Gold GAAP EPS of -C$0.06, revenue of C$19.4M

Soma Gold GAAP EPS of C$0.00, revenue of C$19.33M

Soma Gold reports Q2 results

SMAGF

Small Cap

Press Releases

SOMA GOLD CORP. ANNOUNCES Q2 GOLD PRODUCTION AND BLOCKADE AT THE CORDERO MINE AND EL BAGRE GOLD COMPLEX

SOMA GOLD ANNOUNCES SUCCESSFUL RESOLUTION AND THE LIFTING OF THE BLOCKADE AT THE CORDERO MINE AND EL BAGRE GOLD COMPLEX

SOMA GOLD CORP. INTERSECTS 31.4 g/t Au OVER 3.7m, INCLUDING 189.2 g/t Au OVER 0.6m IN LEVEL 1 EXPLORATION DRILLING AT THE CORDERO MINE, EL BAGRE, ANTIOQUIA, COLOMBIA

Earnings

SOMA GOLD REPORTS SECOND-QUARTER FINANCIAL RESULTS AND OPERATING HIGHLIGHTS

SOMA GOLD APPOINTS HECTOR MELENDEZ AS COLOMBIA COUNTRY MANAGER

SOMA GOLD CORP. EXTENDS THE STRIKE LENGTH OF LEVEL 1 BY 68M WITH HIGH-GRADE DRILL INTERCEPTS AT THE CORDERO MINE, EL BAGRE, ANTIOQUIA, COLOMBIA

SOMA GOLD MOBILIZES SURFACE DRILL RIG TO THE EL LIMON MINE, ZARAGOZA, ANTIOQUIA, COLOMBIA

SOMA GOLD ANNOUNCES CHANNEL SAMPLE RESULTS OF 1m @ 29.83 g/t AU FROM THE COLOSSA MINE ON THE MACHUCA PROJECT, ANTIOQUIA, COLOMBIA

SOMA GOLD EXTENDS VENUS VEIN WITH DRILLING INTERSECTS OF 13.9 g/t Au OVER 7.55m, INCLUDING 48.6 g/t Au OVER 1.45m AND 24.7 g/t Au OVER 1.3m, AT THE CORDERO MINE, EL BAGRE, ANTIOQUIA, COLOMBIA

Comments

Soma Gold

News

Latest news for Soma Gold (OTC:SMAGF) Stock

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga