EquiFi

Bitcoin’s instability, blockchain concerns, and Nobel economist insights / AP Eugene Fama Predicts Bitcoin’s Collapse: Is the End Near? Nobel Economist Raises Concerns About Bitcoin Stability Eugene Fama, a Nobel Prize-winning economist and professor at the University of Chicago, has made a bold prediction regarding Bitcoin. According to Fama, Bitcoin may lose all its value within the next decade. His critical views on cryptocurrencies and blockchain technology have sparked widespread discussions in the financial and technology sectors. During a recent appearance on the Capitalisn’t podcast, Fama highlighted fundamental flaws in Bitcoin’s design, which, according to him, prevent it from being a sustainable medium of exchange. Why Bitcoin May Fail as a Medium of Exchange Fama explained that Bitcoin defies the traditional principles of currency. He argued that its highly volatile value and lack of intrinsic stability render it unsuitable for transactional purposes. "A true...

Company Raises 2025 Earnings Guidance by 7% Amid Growing Demand for Obesity Medications Eli Lilly, the U.S.-based pharmaceutical giant, reported stronger-than-expected earnings for the fourth quarter of 2024, driven by robust demand for its obesity treatment drugs. While revenue slightly missed market forecasts, the company’s optimistic 2025 earnings guidance fueled a more than 3% surge in its stock price, reflecting investor confidence in its long-term growth prospects. On February 6 (local time), Eli Lilly announced that its Q4 revenue reached $13.53 billion, marking a 45% increase compared to the same period last year. Although this figure fell slightly short of the market expectation of $13.57 billion, the company’s adjusted earnings per share (EPS) surpassed forecasts, hitting $5.32 against an expected $4.95. Net income more than doubled, reaching $4.41 billion, showcasing the company’s strong profitability amid rising demand for its key products. Despite exceeding Wall Street’...

How Rising Coffee Costs Affect Major Coffee Chains Long-Term Outlook for Coffee Prices and Industry Trends Coffee prices have skyrocketed nearly 60% over the past six months, with Arabica beans hitting a 50-year peak, raising significant concerns about how this surge in coffee bean prices affects the profit margins of major coffee chains like Starbucks (NASDAQ:SBUX) and Tim Hortons (NYSE:QSR), as well as the resilience of consumer demand for coffee products. Analysts from Bernstein predict that while short-term pressures on coffee supply chains might ease, the long-term coffee price forecast suggests prices will remain above historical averages due to persistent challenges in coffee production. The global coffee industry, producing and consuming around 10 million tons annually, grows at a steady 2% per year, amplifying the stakes for companies navigating these rising coffee costs. Key producing countries like Brazil, Vietnam, and Indonesia have faced severe climate-related disruption...