Cathie Wood Likes Bitcoin as Both Deflationary and Inflationary Hedge
Wood would choose bitcoin over gold “hands down” as an asset to hold for the next deri years.
Wood would choose bitcoin over gold “hands down” as an asset to hold for the next deri years.
The number could grow exponentially, representing a tremendous amount of purchasing power, one observer said.
The whale wallet was the 14th-largest individual bitcoin owner in March, holding 46,500 tokens.
Bitcoin’s recent strong performance at least in part is due to optimism regarding the imminent launch of multiple spot ETF products.
The latest price moves in crypto markets in context for Nov. 3, 2023.
The bitcoin derivatives market shows signs of overheating, one observer noted.
“For the industry to move to the next level, we need to migrate to adult supervision,” said the MicroStrategy executive chairman.
The world’s largest crypto remains in the green over the past 24 hours, but has slumped nearly 4% from its overnight high.
In this week’s issue of Crypto for Advisors, learn why direct ownership of crypto may be in the best interest of the client.
The company booked an impairment loss of $33.6 million on its digital asset holdings in the thrid quarter.