fix the money, fix the world

5.19.2021

World War Bitcoin

Cathie Wood Says Bitcoin Will Go to $500,000

Ark Investment Management CEO Cathie Wood said in a Bloomberg TV interview that bitcoin will go to $500,000 despite the largest cryptocurrency plunging to a low of almost $30,000 on Wednesday.

Wells Fargo: US bank to start trading in Bitcoin

Wells Fargo said on Wednesday it would introduce professionally-managed funds for its more wealthy clients. In a report, its investment institute said the risks associated with digital currencies meant it would favour "qualified investors".

Musk tweets ‘diamond hands’ emoji amid bitcoin drop, implying Tesla won’t sell

In a tweet Wednesday morning, Musk said that Tesla had diamond hands, implying that the electric vehicle maker would not be shedding its $1.5 billion stake in bitcoin.

Crypto Exchanges See Technical Issues

Coinbase, Gemini and Kraken are all reporting technical issues at press time.

Sour Wall Street May Have Added to Bitcoin’s Dip

Stocks drop on lingering inflation scare. Bitcoin fails to draw hedging bids.

Bitcoin gyrates on fears of regulatory crackdown

Digital asset market under intense pressure after China warns on use of cryptocurrencies.