HK Asia Holdings Buys One Bitcoin and Its Stocks Surge by Over 90%. Will BTC ...
HK Asia Holdings announced the purchase of one Bitcoin on February 13, calling this investment “symbolic in scale.” Following the public announcement, the company’s stocks surged by 93% between February 13 and 17. This increase catapulted the stock to 5.50 HKD (Hong Kong Dollars) which is the equivalent of $0.71. While the price has fluctuated […]
Related News
Reports of massive Bitcoin Buyback in China circulating gain credibility http://t.co/PhNidqe4lp shows large buy orders originating from asia. - COINSPRINT (@coinsprint) January 14, 2014. This is the view from fiatleak.com showing a flurry of bitcoin buys in China: Here is an update one hour later:
Jim Cramer, the host of Mad Money and co-founder of The Street, has bought some bitcoin with the intention to keep increasing his holdings. He explained his purchase strategy and said there’s no reason not to wait for bitcoin’s price to come down again. Jim Cramer Bought Bitcoin Jim Cramer is the host of Mad Money on CNBC, a former hedge fund manager, and a co-founder of Thestreet.com, a financial news and literacy website. He tweeted on Friday in response to a comment about a dip in bitcoin’s price. “I think I will buy some,” he wrote. Cramer confirmed a few....
Investment bank Goldman Sachs has compiled a list of 19 large-cap stocks with cryptocurrency exposure that have massively outperformed the S&P 500. “On average, these stocks have dramatically outperformed the S&P 500 during the last several months alongside the surge in the price of bitcoin,” the firm wrote. 19 Stocks With Crypto Exposure That Outperformed S&P500 Goldman Sachs released a research note last week listing 19 large-cap U.S. stocks with blockchain and cryptocurrency exposure that outperformed the S&P 500. Ben Snider, the bank’s strategist and managing....
"This was not Cash App’s decision — we disagree with this move wholeheartedly," tweeted the service. Cash App, the Bitcoin-friendly mobile payments app from U.S. financial services firm Square, restricted buys of some of the stocks connected to the Wall Street shorts for more than four hours today.According to an announcement from Cash App, its clearing broker, Axos, halted the app’s ability to complete purchases of stocks for GameStop, AMC Entertainment, Nokia and Koss Corporation — at least four of the stocks pushed by retail investors on the r/Wallstreetbets subreddit in their fight....
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he buys bitcoin. Citing inflation, he detailed that pension funds are investing in cryptocurrency, adding that they know “fake” money, stocks, and bonds “are toast.”
Robert Kiyosaki on Why He Buys Bitcoin
The author of Rich Dad Poor Dad, Robert Kiyosaki, shared why he buys bitcoin in a couple of tweets Friday.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over....