Investment
Features
FeesSafety
Academy
More
Pluang+

VanEck projects Bitcoin will reach $500K by 2029, linked to US Treasury's potential Bitcoin purchases.

Market News
20 Aug 2026
Crypto Briefing
View Source
Bullish
pluang ai news

VanEck forecasts Bitcoin to hit $500,000 by 2029, driven by the proposed BITCOIN Act of 2024 which could have the US Treasury buy up to 1 million BTC. This government demand, combined with growing institutional adoption, could push Bitcoin's market cap above $10 trillion. However, the forecast depends on the act passing and continued crypto-friendly policies. VanEck's longer-term view sees Bitcoin potentially reaching $2.9 million by 2050 if it captures a significant share of global trade and central bank reserves.

More News

Texas Roadhouse CFO sells 819 shares worth $167,000

Texas Roadhouse CFO sells 819 shares worth $167,000

The Chief Financial Officer of Texas Roadhouse sold 819 shares of the company, generating $167,000 from the transaction. Insider sales like this can signal personal financial planning or a shift in confidence, but without further context, it's unclea...

Market News
Bearish
41 minutes ago
Daqo New Energy beats Q2 revenue estimates despite EPS loss from polysilicon price drops.

Daqo New Energy beats Q2 revenue estimates despite EPS loss from polysilicon price drops.

Daqo New Energy Corp. reported Q2 2026 earnings with an EPS of -$1.20, missing analyst expectations due to falling polysilicon prices in the solar industry. However, the company exceeded revenue forecasts, generating $62.7 million, driven by a signif...

Company Fundamentals
Bearish
58 minutes ago
BJ's Wholesale Club set to report Q2 earnings with strong history of beating estimates.

BJ's Wholesale Club set to report Q2 earnings with strong history of beating estimates.

BJ's Wholesale Club will release its Q2 earnings on August 21, 2026, with analysts expecting an EPS of $1.17 and revenue of $5.97 billion. The company has a strong record of surpassing earnings estimates, with an average surprise of 4.5% over the las...

Company Fundamentals
Bullish
1 hour ago
Texas Pacific Land excels with ROIC of 30.14%, quadrupling its capital cost in the Permian Basin.

Texas Pacific Land excels with ROIC of 30.14%, quadrupling its capital cost in the Permian Basin.

Texas Pacific Land Corporation (TPL) stands out for its exceptional capital efficiency, posting a Return on Invested Capital (ROIC) of 30.14%, which is more than four times its Weighted Average Cost of Capital (WACC) of 7.33%. This strong performance...

Market News
Bullish
1 hour ago
Hovnanian misses Q3 revenue and EPS estimates but beats gross margin guidance amid housing market challenges.

Hovnanian misses Q3 revenue and EPS estimates but beats gross margin guidance amid housing market challenges.

Hovnanian Enterprises reported Q3 revenue of $705.75 million and an EPS of -$0.70, both below analyst expectations due to delivery delays and weak joint venture income. Despite the earnings miss, the company exceeded its adjusted gross margin guidanc...

Company Fundamentals
Bearish
2 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App