Bitcoin Billionaires Are Racing to Ride a 3,000% Crypto Boom
Some of the most prominent early investors in Bitcoin are squaring off again. This time they are seeking to capitalize on a massive rally in the yearโs standout major cryptocurrency.
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Some of the most prominent early investors in Bitcoin are squaring off again. This time they are seeking to capitalize on a massive rally in the yearโs standout major cryptocurrency.
JPMorgan Asset Management has included Bitcoin in its long-term capital market assumptions for the first time, forecasting returns that could beat stocks, bonds and gold in a milestone for its Wall Street acceptance.
Bitcoin closed at US$82,046 on Friday 16 October, down 0.61% on the week, while Coinbase fell 5.79% and Strategy 9.56% in a tech selloff. The post Bitcoin Slips 0.6% on the Week to US$82,046 | Crypto, Oct 16 appeared first on The Rio Times.
Bitcoin fell as much as 2.3% toward the lower end of its recent trading range, caught in a broader retreat from risk assets even as crypto analysts have turned sharply more bullish on the token.