Search results for Third Point
AI & Enterprise
Hedge fund billionaires make opposing bets on Microsoft and Alphabet
U.S. billionaire hedge fund managers Bill Ackman and Daniel Loeb took opposing positions on Microsoft and Alphabet in the first quarter, a filing-based report showed. Ackman’s Pershing Square built a new Microsoft stake of about 5.65 million shares worth roughly $2.09 billion, while Loeb’s Third Point sold its entire Microsoft holding and added about 175,000 Alphabet shares. The split is linked to differing views on AI investment and valuation.
Crypto
Arthur Hayes says bitcoin could reach $125,000 by year-end, cites U.S. liquidity expansion
BitMEX co-founder Arthur Hayes forecast bitcoin could reach $125,000 by the end of the year, citing expanding U.S. credit, higher defence spending and policy structures supporting the Treasury market. Hayes said changes to the enhanced supplementary leverage ratio reduced reserve burdens for major banks, with S&P Global estimating the adjustment could enable about $1.3 trillion in new lending. He also cited shifting market focus and expectations for continued liquidity.
Crypto
Bitcoin unlikely to set new record high in 2026; odds of returning to $120,000 at 15 percent
Bitcoin is increasingly seen as unlikely to set a new all-time high in 2026. Veteran trader Peter Brandt said he does not expect a new price peak in 2026, and likely not until the second quarter of 2027. Polymarket participants put the chance of bitcoin returning to $120,000 in 2026 at 15 percent. Bitcoin was $66,329 at the time of writing, down 3.46 percent in seven days.
