Wall Street Journal Investment Observer Wary Of Bitcoin IRA
As bitcoin has gained attention as an asset, more people are considering it as an investment for retirement. The Bitcoin IRA came into being last year, a tool that can provide direct ownership in bitcoin. Jason Zweig, the author of The Wall Street Journal’s “The Intelligent Investor,” explored, in a recent article, using bitcoin as a retirement investment and concluded that people should be wary on account of the cryptocurrency’s volatility. Had someone invested $5,000 in bitcoin at the end of 2011, that amount would be worth just under $1.2 million earlier this month when bitcoin reached....
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Wall Street trading firms are a cautious lot, but they can't keep their eyes off of bitcoin. Big trading and investment houses don't want to miss out on possible profit opportunities as bitcoin continues to grow. More of the big proprietary trading firms are dipping their feet into bitcoin, thanks to the profit opportunity it can offer and its ability to streamline transactions, according to an article in The Wall Street Journal. The growing interest of Wall Street trading and investment firms serves to raise Bitcoin's profile in the investment community and the economy at large. "Their....
It’s time for the old-school Wall Street Journal and new media Slate to chip in. As we continue our exploration of the way the American media portrays El Salvador’s decision to make bitcoin legal tender, we find out that it’s not that bad. We could describe it as cautiously optimistic with a touch of plausible […]
Wall Street Chads is the first NFT project to create a decentralized community-run investment platform. Inspired by WallStreetBets, the infamous subreddit community which is credited for the meme-investing craze and coordinating one of the largest short squeezes in history, Wall Street Chads leverages the power of the blockchain to bring the same community-driven investment strategies […]
According to a recent report by the Wall Street Journal, cryptocurrency giant Binance has ceased offering its clients the option to conduct peer-to-peer transactions through sanctioned Russian banks. This decision comes just days after a Wall Street Journal exposé shed light on how the exchange allegedly facilitated the movement of funds from Russia to other […]
This week's Crypto Biz newsletter: The Wall Street Journal questions Tether's business model; venture capitalists are scooping up crypto at rock bottom prices. In the world of crypto, FUD stands for fear, uncertainty and doubt. It’s often evoked intentionally to draw negative attention to a particular project or business. One of crypto’s most enduring legacies has been the constant FUD surrounding Tether, whose USDT stablecoin commands a market capitalization of nearly $68 billion. Whether intentional or not, The Wall Street Journal ran a story this week claiming that Tether was on the....