This week (Feb 15th) bitcoin’s market value rose above $1 trillion, but short-term indicators are flashing red. This issue digs into the following additional events that point to continued institutional and individual adoption. Microstrategy (NASDAQ – MSTR) issues ~ $1bn bond to buy bitcoin – bond excess! BlackRock’s Chief Investment Officer (CIO) said they are […]
Market Updates
Dispatch #4: Tesla, BNY Mellon & Mastercard adopt bitcoin/crypto
A slew of high-profile institutional adoption news this week moved the bitcoin price from the $38K area on early Monday (Feb 8th) morning to the ~ $48K range as I type on Friday morning. BNY Mellon’s announcement is most significant for continued institutional adoption, in my view, but it’s hard to argue that Tesla’s $1.5bn […]