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Bitcoin Could ‘Go up Significantly,’ Says CIO of World’s Largest Asset Manager Blackrock

The chief investment officer of the world’s largest asset manager, Blackrock, says he could see bitcoin going up significantly. “I like assets that are volatile that have upside convexity,” he…

Continue ReadingBitcoin Could ‘Go up Significantly,’ Says CIO of World’s Largest Asset Manager Blackrock

Bitcoin’s sharp fall from $50K linked to stronger US dollar, gold — Correlation shows

The sell-off in the Bitcoin market, in particular, intensified due to excessively leveraged bullish bets.

Continue ReadingBitcoin’s sharp fall from $50K linked to stronger US dollar, gold — Correlation shows

First Day of Bitcoin as Legal Tender: El Salvador Buys the Dip, Country’s BTC Stash Grows

Bitcoin is now legal tender in El Salvador, and the country’s bitcoin stash has grown to 550 coins. The Salvadoran government started buying the cryptocurrency Monday ahead of the Bitcoin…

Continue ReadingFirst Day of Bitcoin as Legal Tender: El Salvador Buys the Dip, Country’s BTC Stash Grows