Tesla announced a $1.5B purchase of bitcoin on Monday, less than two weeks after Elon Musk added #bitcoin to his Twitter bio. The large buy adds Tesla to the growing list of public companies buying and holding bitcoin (BTC) in their treasuries.
The stock market was turned upside down last week. Retail investors organized on Reddit and took over, making a killing off of heavily shorted stocks like GME and AMC while major hedge funds lost billions.
As bitcoin (BTC) price reaches new all-time highs, renewed rounds of fear, uncertainty, and doubt (aka FUD) have come with it. On January 20th articles began to circulate claiming there had been a Bitcoin double-spend.
It was a crazy week for bitcoin and for the world. On January 6th the US was thrown into civil unrest after the Capitol Building was stormed. Historically bitcoin didn’t necessarily have a quick reaction to world events, but that [...]
For most of its existence institutions have stayed away from investing in bitcoin, typically citing it as a risky, speculative asset. Over the course of 2020, however, many institutions have started to endorse bitcoin.