2020-12-17 20:09 |
Also: Paxos' $142 million Series C, Amex' FalconX investment and Core Scientific's massive ASIC purchase. origin »
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With cryptocurrencies getting more attraction from institutional investors, there has been a flurry of companies looking to cash in on that opportunity. American Express, one of the United States' foremost financial institutions, recently joined the fray with a new investment.
2020-12-17 17:35 | |
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Bitcoin, now worth more than most U.S. corporations, first reached "dollar parity" 10 years ago.
Investors may be realizing the same deflationary market mechanisms that apply to bitcoin’s scarcity creates similar opportunities in NFTs.
Bitcoin set a new high above $50,000 after erratic trading earlier this week, though options markets are not anticipating a drawdown anytime soon.
Also: Did the CFTC "pop" the 2017 bitcoin bubble?
A CNBC contributor said the U.S. government wouldn't stomach losing the dollar's supremacy to bitcoin. Others say "the ship has sailed" on an outright ban.
Tesla plowed $1.5 billion into bitcoin, ETH futures went live on CME, Brian Brooks comments on dollar debasement.
Also: Ether is jumping off, taking DeFi tokens with it.