Bitcoin Price Decline Connected To IRS' Tax Day
Tax Day is hanging over U.S. investors, and it's one reason behind bitcoin's latest sell-off, according to an investor letter penned by Pantera Capital, a crypto hedge fund based in California.
Bitcoin Will Be The 'One Online Equivalent To Gold:' Peter Thiel
Peter Thiel has once again endorsed bitcoin, which he recently argued is tantamount to digital gold. And much like gold, the billionaire co-founder of PayPal conjectures that the cryptocurrency is destined to be a store of value rather than a means of payment.
Bitcoin Isn't An Investment Until Buyers Sweat The Fees
When a new “investment” comes along, investors are often too busy counting their anticipated bounty to care about cost. Shrewd purveyors predictably seize the opportunity to charge excessive fees. But reality inevitably falls short of investors’ expectations, and the focus eventually turns to how much they’re paying to invest.
Using Bitcoin To Hedge During A Trade War
Amid fears of possible trade wars, one hedge-fund manager suggests putting your money into bitcoin to protect it. Here's why.
Bitcoin 'Not An Investable Asset Class,' Says BlackRock
Isabelle Mateos Y Lago, global chief multi-asset strategist at BlackRock Investment Institute, says Bitcoin isn't investable "at this stage." She discusses the many issues that are associated with bitcoin and why they're still keeping a close eye on it.
Bitcoin Has No Role Yet For Institutional Investors
Taken on its own, Bitcoin’s eye-popping 1,400 percent rally last year would put most other investments to shame. But even such a monster gain might not be enough to put the cryptocurrency on the radar for institutional investors, according to Sanford C. Bernstein Ltd.
As Bitcoin Tumbles, New Fund Offers Crypto Investors Easy Exit
Managers of a new investment fund have a message for those who made staggering gains from Bitcoin before the recent selloff: diversify and avoid the fate of early dot-com believers who were wiped out when tech crashed.
China Reportedly Wants To Curtail Wasteful Bitcoin Mining
China is reportedly seeking an "orderly exit" from bitcoin mining, according to a leaked document seen by Quartz. The government is reportedly concerned about pollution and the havoc that could be triggered by investors who lose money investing in mining and cryptocurrency.
Bitcoin Climbs Up 1,100% This Year
The price of Bitcoin has climbed past $12,000, reaching its latest record and pushing its year-to-date gain to more than 1,100%. After breaking through this milestone, the digital currency's price kept climbing, extending Bitcoin's gains.
Bitcoin Just Plunged 20% In A Matter Of Hours
Bitcoin plunged as much as 20 percent hours after a rally past $11,000 generated a surge in traffic at online exchanges that led to intermittent outages.