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Massive gamestop short squeeze highlights the fragility of today’s financial system – featured bitcoin news the bigwigs trading stocks on wall street have been upset this week as billion-dollar hedge funds have been crippled by redditors and memes. Not too long ago, the firm gamestop’s shares were plummeting, and wall street veterans lined up a […]. All that said, bitcoin is certainly an entity of a different scale than all of these meme stocks bundled together with a market cap above $560 billion and a 24-hour trading volume of $56 billion. Cjpmorgan strategists have backed the recent $100-million bitcoin investment by insurance giant massachusetts mutual life. Last week, the 169-year-old investment giant announced its purchase of bitcoin through nydig. The investment comes just at a time when bitcoin was under selling pressure. Jpmorgan says this is a clear indication of the rising appetite for bitcoin investment […]. R/satoshistreetbets: like 4chan found a gpu rig – the crypto version of wallstreetbets. Post your gains, losses, coin discussions and memes. Dogecoin, which began as a meme and largely a spoof of bitcoin and other cryptoassets has ballooned into a $250 million dollar enterprise. Various cryptocurrency analysts are still doing dogecoin price predictions on a regular basis and using technical analysis to try and foresee where the cryptocurrency’s price is headed. Tsla’s price rally may emerge as a bullish bet for bitcoin’s price in the long-run as it normalizes wild price swings and high returns in the traditional financial market. Bitcoin may possibly be a futuristic nemesis of most tech stocks, including tsla, but currently, it needs normalization and acceptance by wall street gurus. Over the past few months, there have been expectations of an extremely strong dogecoin (doge) rally. Each and every bull market/trend over the past half-decade plus now has been marked by an extremely strong rally in the doge price. It’s a meme-based cryptocurrency of course, though has done really well. Bitcoin’s recent high was at $41,962. It is as i write $31,265, which is a fall of more than 25%. A 25% fall is, at least in stocks and shares, considered a crash. After accounting for the 49% increase in the price of bitcoin for the month, we can calculate that grayscale added $1. 83 billion usd of bitcoin to their portfolio. Assuming they bought the bitcoin at average price of $24k, that’s 76,250 bitcoin. But only 900 “new” bitcoins are mined a day or 27,000 in thirty days. All that said, bitcoin is certainly an entity of a different scale than all of these meme stocks bundled together with a market cap above $560 billion and a 24-hour trading volume of $56 billion. Dogecoin (doge or ð) once started as a joke and parody on bitcoin, but is quickly becoming a much loved cryptocurrency. Billy markus developed doge in 2013 to be a fun currency and used a popular internet meme know as doge for it’s name and logo. From the financial industry to the sports betting industry, just about every industry has been revolutionized because of bitcoin. It has become extremely popular to bet on sports using bitcoin. Most of the sports allow bitcoin betting. The reason why bitcoin betting is common is because of the fact that bitcoin has made it a lot easier to bet This means you may have to wait a few seconds for your Top Nine to be generated, bet bitcoin it meme.
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