New research from the world’s largest asset manager argues that Bitcoin offers unique benefits as a portfolio diversifier while sharing a similar risk profile to S&P 500 juggernauts like Google, Amazon, Meta and Apple.
Most in traditional finance have long considered cryptocurrency a joke. Now legions of young meme coin traders are leaning into the absurdity, translating their financial nihilism into a booming—if perilous—$100 billion market.
The record comes about a week after the cryptocurrency hit a seven-month high as it surged in the lead up to Election Day
Blockstream CEO Adam Back was the first person that Satoshi reached out to regarding Bitcoin. Fresh off of a $210 million fundraise, Back plans to bring everything from stablecoins to stocks to the $1.4 trillion blockchain.
Bitcoin prices and Trump’s election betting market odds have been tightly correlated in recent months.
Coinbase’s Brian Armstrong created one of crypto’s central players, a fee-gushing monster that holds more than a tenth of all the Bitcoin ever minted. But now, in the cause of “decentralization,” he’s pursuing a new path.
The bitcoin price has more than doubled over the last year, pushed higher by the world’s largest asset manager BlackRock’s embrace of crypto.
Elon Musk, the Tesla billionaire who is one of the biggest bitcoin and crypto price influencers, has shared details of a secret meeting with El Salvador’s bitcoin-backing president Nayib Bukele.
Few mutual fund managers can come close to this former Legg Mason portfolio manager’s 15-year market-beating record. Below he discusses lessons he has learned, plus his firm’s top ten holdings.
The price of Bitcoin hit its lowest mark since February, reversing months of gains.