Bitcoin Falls to $53,000 as Wall Street Gains Hurt Appeal; What’s Next?
Bitcoin fell towards $53,000 on Tuesday as US stocks rallied, breaking away its tradition of tailing riskier assets even as bond yields and the US dollar dipped.
Related News
A few weeks ago, I opined on why Republicans should love bitcoin. Thankfully, though, the GOP aren't the only ones invited to the party. That's the nature of bitcoin: it has something to offer to everyone. To illustrate, each section of this article begins with a quote taken directly from the Democratic National Platform, followed by a discussion of how bitcoin can address the issue in question. Wall Street. For too long, we've had a financial system that stacked the deck against ordinary Americans. Banks on Wall Street played by different rules than businesses on Main Street and community....
As bitcoin gains mainstream acceptance from centralized financial institutions, will Wall Street come to ruin what is most powerful about the asset?
Wall Street has been embracing the latest wave of Silicon Valley financial tech at a fast rate. Over the past several months, many Wall Street Financial companies have embraced the new wave fintech enterprises with remarkable speed. The blockchain an online ledger that tracks the movement of digital currency, but it can also be used to manage, register and secure anything else that has value. Wall Street companies seem to have seen the true potential of the blockchain technology and many are now rushing to invest and develop new applications with this new technology. Jamie Dimon, JP Morgan....
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 […]
Wall Street has been all over Bitcoin over the past few months due to the growth in the need for an inflation hedge and a relative stagnation in the price of gold relative to other asset classes. This much was confirmed just recently when a Wall Street veteran and former White House staffer launched a […]