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Bitcoin investing: Michael Saylor explains billion-dollar crypto bet

Saylor, the chief executive of business intelligence and software company MicroStrategy (MSTR), raised some eyebrows when he deployed $250 million of its balance sheet to buy bitcoin in August last year. The purchase marked the first time a publicly traded company invested in bitcoin as part of its capital allocation strategy.ย  In September, he upped the ante and bought another $175 million worth of bitcoin. The move was followed by Jack Dorseys Saylor made the boldest move in early December...
New York United States Jack Dorsey Square Michael Saylor Anthony Scaramucci New York Times

Stock-market crash: BofA's top strategist warns of bubble developing

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Bank of Americas "Bull & Bear" indicator showed sentiment climbed on a 1-10 scale to 7.1 last week from 6.7 on December 17. This prompted Bank of Americas chief investment strategist, Michael Hartnett, to say in a January 7 note that investors were rationalizing "increasingly irrational price action on Wall St." Hartnett laid out six warning signs to watch tha...
United States Albert Edwards Michael Hartnett Jeremy Grantham David Hunter Liz Ann Sonders

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Bitcoin investing: CIO breaks down how to value crypto, why to buy

Bitwise Asset Management This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Matt Hougan is the chief investment officer of San Francisco-based Bitwise Asset Management, whose $542 million Bitwise 10 Crypto Index Fund (BITW) has returned 242% since its launch. Hougan and Bitwise researcher David Lawant break down five approaches to valuing bitcoin and cryptocurrencies in a new 64-p...
Paul Tudor Jones David Lawant Chris Burniske Ken Alabi Matt Hougan Cathie Wood

Bitcoin crosses $34,000 first time in 12 years, rises $5,000 in 3 days

Bitcoin crosses $34,000 first time in 12 years, rises $5,000 in 3 days A day after crossing $30,000, Bitcoin reached an all-time high of $34,544.94 on Sunday as the rally continued for the third day of 2021. It later gave up some gains to hover around $33,000 BusinessToday.In | January 3, 2021 | Updated 18:36 IST Bitcoin continued its unabated rally on the third day of 2021. The most popular cryptocurrency surged past $34,000 on Sunday, the day of Bitcoin Networks 12-year anniversary. The deve...
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Bitcoin is irrelevant to financial markets and investors 'are going to weep' if regulators come down hard on crypto, says Kevin O'Leary

ยป Bitcoin is irrelevant to financial markets and investors are going to weep if regulators come down hard on crypto, says Kevin OLeary Bitcoin is irrelevant to financial markets and investors are going to weep if regulators come down hard on crypto, says Kevin OLeary Emily GraffeoDec 27, 2020, 20:29 IST "Shark Tank"/ABC bitcoin is irrelevant to financial markets and at risk of regulation. His comments come as an increasing number of institutions like Guggenheim and SkyBridge capital invest...
Kevin Oleary Steven Mnuchin Macro Opportunities Fund Grayscale Bitcoin Kevino Leary Secretary Steven Mnuchin

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