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Bitcoin didn’t have a great year.
After surging to record highs, Bitcoin is now below $88,000 with some traders warning it could drop to less than $40,000. Bloomberg Intelligence strategist Mike McGlone says it could drop to $10,000 in the new year on “post-inflation deflation,” a period when asset prices crash after an inflationary cycle, as noted by DL News.
If you’re also bearish on Bitcoin, you can always short crypto names, such as Strategy (MSTR) and MARA Holdings (MARA). But you can also bet on Bitcoin downside with:
ProShares Short Bitcoin (BITI)
There’s the ProShares Short Bitcoin (BITI), which tracks the S&P CME Bitcoin Futures Index, with profitability computed daily (before fees and expenses) as the inverse (-1x) of the index’s daily performance.
ProShares UltraShort Bitcoin ETF (SBIT)
We can also look at the ProShares UltraShort Bitcoin ETF (SBIT). The ETF seeks daily investment results that correspond, before fees and expenses, to -2x the daily performance of the Bloomberg Bitcoin Index.
As we wrap up 2025, the major indices are flat again.
The S&P 500 is down about five points. The SPDR S&P 500 ETF (SPY) is down a few cents. The Dow is down by about 13, as the NASDAQ sinks by 44 points.
Metals are recovering this morning
In fact, after a brief pullback, gold, silver, and copper prices are soaring again. Gold is up about $58 today and could push even higher with growing geopolitical tension, economic uncertainty, expectations of further interest rate cuts, a weak dollar, and strong interest from central banks.
Silver prices are up about $5 to $76.04. And copper – on pace for its best year since 2009 – is regaining momentum thanks to unstoppable AI demand, and supply fears. Analysts say the rally in copper could continue well into the new year, too.
As noted by The Wall Street Journal, “Goldman Sachs raised its copper price forecast for the first half of next year to an average of $10,710 a ton from $10,415 previously, citing constrained mine-supply growth and structural demand from grid and power infrastructure. It also said physical traders suggest copper shipments into the U.S. could accelerate more than expected in early 2026. Copper prices are also supported by growing expectations that the Federal Reserve will lower interest rates further this year.”
Plus, moving forward, the amount of copper used in data centers globally could grow sixfold by 2050 from about half a million tonnes today. All of which puts even more stress on copper supply and demand issues.
Rocket Lab Soaring at the Open
Shares of Rocket Lab (NASDAQ: RKLB) are pushing higher just days after Needham raised their price target to $90 from $53 with a buy rating. Plus, the U.S. Space Development Agency awarded RKLB a prime contract to design and manufacture 18 satellites for the Tracking Layer Tranche 3 program under the Proliferated Warfighter Space Architecture.
Shares of Elanco Health (NYSE: ELAN) also continue to push higher on insider buying.
Since bottoming out in April at around $8 a share, ELAN is now up to $22.72 and could rally even higher. Most recently, CEO Jeffrey Simmons paid $478,500 to buy 22,000 shares on December 11 at an average price of $21.75 a share. The company, which was spun off from Eli Lilly in 2018, has experienced explosive growth thanks to key product launches, including a chewable parasite preventative for dogs, as well as an anti-itch medication.