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Bitcoin fell as much as 11% on Thursday after a report from BitMEX Research suggested that a critical flaw called "double spend" had occurred in the Bitcoin
Bitcoin is the most crowded trade, according to a Bank of America fund manager survey. The cryptocurrency is dethroning tech stocks, which have held the most
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. In September, he upped the ante and bought another $175 million worth of bitcoin. The move was followed by Jack Dorsey's Saylor made the boldest move in early December when he raised $650 million from a convertible bond offering and used the proceeds to buy another ...
This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Bank of America's "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 America's 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 that could signal a bear market is beginning. Investor sentiment has climbed from rock bottom in Mar...
Bitcoin has more than doubled in less than a month, leaving analysts and investors stunned and concerned about a possible market bubble. In many ways the token's