bitcoinrally
Tesla drove another bitcoin rally by purchasing some of the cryptocurrency. The bitcoin rally has slowed now since Tesla’s purchase, although the price remains above $40,000. Tesla CEO Elon Musk appears to have gotten the idea to buy bitcoin from MicroStrategy Chairman and CEO Michael Saylor. Q4 2020 hedge fund letters, conferences and more Tesla drives bitcoin rally after buyingTesla's bitcoin purchase triggered a rally that saw the price approach $50,000 as many investors saw it as moving the cryptocurrency into the mainstream. On Monday, the bitcoin price jumped 20% after Tesla revealed in ...
ValueWalk
The bitcoin rally may be losing steam, but one investment bank suggests the cryptocurrency could rival gold and soar to $146,000. The bitcoin price remains above $30,000 for now, driven by institutional and retail demand. However, the bitcoin rally lost steam after the digital currency peaked above $34,000. Q3 2020 hedge fund letters, conferences and more Bitcoin could rally to $146,000 and compete with goldIn a research note, JPMorgan analysts said bitcoin could rally to $146,000 and compete with gold as an "alternative" currency. However, they add that it will only happen if the cryptocurren...
ValueWalk
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