Investors are less risk averse after the Fed delivers its smallest rate hike in nearly a year, causing a broader rally in equities.
Cryptocurrencies
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
“The only real safe haven for an institutional investor is bitcoin,” Saylor said on MicroStrategy’s fourth-quarter earnings call Thursday.
“A cryptocurrency is not a currency, not a commodity, and not a security,” Munger said Wednesday in a WSJ op-ed. “It’s a gambling contract.”
“A cryptocurrency is not a currency, not a commodity, and not a security,” the 99-year-old Munger said in an op-ed published in the WSJ Wednesday evening.
Cryptocurrencies on the brink of a nervous breakdown Cryptocurrencies have been in retreat for the last quarter of 2022. For the 75 largest of these (excluding
Ark Invest’s bull case for bitcoin is $1.48 million, while its base case is $682,800 by 2030.
The consultation comes amid a turbulent period for cryptocurrency markets, with confidence among investors at a low ebb following the sudden collapse of major exchange FTX and the falling value of Bitcoin, among other challenges.
Twitter is in the process of establishing a payments system that might one day include the use of crypto.