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Ark's Cathie Wood told CNBC Tesla and Square made the right decision to invest in bitcoin. However, she said bitcoin will need to mature before more corporations
"We don't see it as a currency, or something that's going to be useful in the world at any time," Kiran Ganesh, a strategist at UBS Wealth Management.
Nouriel Roubini told CoinDesk he believes Elon Musk should be investigated by the SEC for "market manipulation." The economist, known as Dr. Doom for his pessimistic
This speculation could have significant knock-on effects. "These are all what I would describe as typical signs of excess and definitely things that make us take a cautious view on the overall market," Russell said. "What's difficult to really put across is the fact that this excess is pretty much contained into large, but specific, pockets of the market." Though the overall index could fall, it doesn't necessarily mean everything will go down in value, Russell said. Russell is still investing in traditional businesses, such as retail, energy and financial companies, while avoiding momentum...
Jim Cramer told CNBC on Tuesday that he believes it's "almost irresponsible" for companies not to consider owning bitcoin. The "Mad Money" host said he personally