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The latest in financial news: A review of the spot Bitcoin ETFs that were approved about two weeks ago, notes from the World Economic Forum, and Japan’s moon landing.

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Bitcoin ETF Lackluster Start

This concludes the first full week of trading available to investors with the spot Bitcoin ETF. And the results are in, the ETF approval did not shoot the price of Bitcoin to the moon as some investors had hoped. Rather, it has had the opposite effect and decreased in price since the ETFs were approved. The ETFs have seen millions (even billions) of dollars roll into the ETFs as new investors buy the ETFs. The most popular ETF with the largest in-flow of money is Blackrock’s ETF (NYSE: IBIT). IBIT crossed over a billion dollars of assets under management with their ETF.

While there were massive flows of money into the ETFs, the price of Bitcoin still decreased. Some of the macroeconomic factors that could impact this are that the price of Bitcoin had already incorporated the ETFs or that it was some investors were taking profits because of the ETF approval. Many factors can impact the price of stocks or cryptos and people dedicate entire jobs just to analyze price predictions. With the halving approaching within a few months, this will decrease the supply of Bitcoin. There have also been rumors of banks buying Bitcoin as a store of value instead of US treasuries. Many factors are affecting the price of Bitcoin each day and many will affect the price within the next few months.

World Economic Forum Annual Meeting

The World Economic Forum has concluded its Annual Meeting this week. This was the 54^th meeting among global leaders from representatives from all over the world. The four big takeaways are that leaders need to pull together, projections are not destiny, humans are going to have better tools, and urgency is our only savior.

With many countries attending these world forums or meetings to discuss global events on what to do, they say similar things over and over. They iterate the importance of preserving our environment, preventing climate change, sharing of resources globally, and working together. Countries around the world must be working to preserve the environment and share resources, but it isn’t always possible. Over the past few years, there have been major effects on global trade ranging from war (Ukraine affecting grain price), piracy (Red Sea pirates affecting trading routes), and pandemics (COVID-19 affects production and transportation) that the idea of sharing resources with others around the world isn’t feasible. With the disruptions to trade, it can cause delays in food or water. Imagine having to rely on other countries to feed your family. If there is anything that delays or prevents that, there would be potential for famines. There should be a balance between global trade and domestic production. Countries around the world should ensure that they can feed their citizens.

Japan Lands On The Moon

This week, another scientific achievement happened. The Japanese Aerospace Exploration Agency (JAXA), Japan’s version of NASA, was able to successfully land a spacecraft on the Moon. Sadly the mission wasn’t as long as researchers had hoped due to technical issues with the solar panels that limited to life of the rover’s battery to only a few hours. But JAXA and other researchers around the world have taken notes on the way the landing craft was able to land on the Moon. The landing craft used autonomous systems to guide and navigate the landing craft in real-time operations. This is a major step in that this would allow future rovers to implement similar systems to allow researchers to land rovers wherever they want on the Moon to conduct research rather than on certain spots on the Moon.

This is a major advancement for space explorers and researchers around the world. Star Trek has said it best “Space: the final frontier.” With more countries and companies looking to get involved with space to locate distant planets, unknown meteorites, or new galaxies, there is an endless opportunity for what the universe holds. The idea of space exploration may have been science fiction, but it could be possible within the next few decades with the rapid advancements of AI and technology. Couple this with the growing needs of commodities and limited resources, this may cause looks to space for additional resources as the technology to harness resources becomes available.

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