Dec 17, · Reuters/Lucas Jackson. Bitcoin leaped to a record high of $23, on Thursday as its supercharged rally continued.; The climb brings the token's year-to Author: Ben Winck. rows · Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins. 22 hours ago · Bitcoin is irrelevant to financial markets and investors 'are going to weep' if regulators come down hard on crypto, says Kevin O'Leary Emily Graffeo Dec. 24, , PM.
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They do not put capital to work in bitcoin. His comments come as more institutional players are piling in, validating bitcoin's legitimacy as a store of value and hedge against inflation. O'Leary said that the concept of a digital currency will likely come to fruition in the future, but investors should be careful glorifying bitcoin while it has yet to fulfill a defined role in financial markets and while it could still be regulated.
Though regulations could be coming for the popular token. Treasury Secretary Steven Mnuchin is proposing new rules that would require certain cryptocurrency traders to provide more information about their identities and cryptocurrency transactions.
Grown men are going to weep when that happens. Ether gained as much as 4. XRP spiked Now read more markets coverage from Markets Insider and Business Insider:. Goldman Sachs slashes US growth forecasts as spiking coronavirus cases drive economic slowdown. Hershey drove a record spike in cocoa prices after reportedly sourcing beans from the futures market instead of physical sellers.
Markets Insider. Ben Winck. The price of Bitcoin jumped as much as 3. Cryptocurrencies have garnered new interest from both Wall Street and Main Street in recent weeks as companies and traditional investors embrace digital tokens. The token's rally accelerated in October after PayPal announced it would allow users to buy, sell, and hold cryptocurrencies. Read more: JPMorgan says stocks are primed for sustained gains in a way they haven't been in years - and identifies 43 names to buy for above-average earnings growth in Since bitcoin traded above its record at the start of December, major banks have also warmed to the token as an alternative to popular hedge assets like gold.
JPMorgan strategists said Tuesday that institutional investors' growing interest in bitcoin will pull cash out of gold in the long term. The token's rally is a "vindication" for investors who rode out its infamous boom and bust, said Edward Moya, senior market analyst at Oanda. Now read more markets coverage from Markets Insider and Business Insider:. Buy these 26 stocks poised to surge as China starts to dominate the electric-vehicle landscape, UBS says.