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Hedge fund manager Bob Prince has warned that the recent sell-off in the U.S. government bond market could accelerate and this could “threaten high-flying assets” like cryptocurrencies and blank cheque companies. Prince, who is the co-CIO at Bridgewater Associates, links this looming downturn in the $21 trillion Treasury market to the improving economy as well, … Read more
In a world where CEOs and CFOs no longer matter, meet Tesla’s new Technoking and Master of Coin. Go to Source Powered by WPeMatico
Spacex and Tesla CEO Elon Musk has once again tweeted in support of dogecoin. He wants the crypto exchange Coinbase to list the cryptocurrency and says he will get a Shiba Inu, the dog breed featured as the face of dogecoin. Meanwhile, the coin’s adoption is growing, advocated by celebrities like Mark Cuban. Elon Musk … Read more
The price of the Shiba Inu token rose 300% in the hours following Musk’s tweet. Go to Source Powered by WPeMatico
Asset managers are warning industry giants like Tesla and PayPal that investing in energy-intensive assets like Bitcoin could diminish their popularity among investors. Go to Source Powered by WPeMatico
Ever since Tesla announced the company held $1.5 billion in bitcoin on its balance sheet during the first week of February, the company’s stocks have dropped over 30%. One analyst says that Tesla’s shareholders would be “very supportive” if the company announced it would sell the bitcoin. Additionally, the shares of Microstrategy’s firm have also … Read more
Goldman Sachs’ Gary Black closed his TSLA position after the company purchased $1.5B in BTC, dodging a 28% crash. Now he’s calling for the company to dump Bitcoin for share buybacks. Go to Source Powered by WPeMatico
Is this the moment of truth for the real value of Bitcoin? February seems to have been a watershed moment in its history. Go to Source Powered by WPeMatico
The famous investor picks Netflix among major companies as the most likely to put Bitcoin on its balance sheet. Go to Source Powered by WPeMatico
U.S. citizens can now purchase Dogecoin from ATMs in 45 of the country’s 50 states. Go to Source Powered by WPeMatico