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Institutional interest in bitcoin sets the latest bull run apart from 2017's retail-driven surge, Goldman's digital asset chief says

Sawitree Pamee / EyeEm/Getty Images Institutional interest in bitcoin sets the latest bull run apart from 2017's retail-driven surge, Goldman says. The head of digital assets has had over 300 conversations with institutional clients about bitcoin. Much of the institutional demand has been driven by fears around asset devaluation. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Institutional interest in bitcoin sets the latest bull run apart from 2017's retail-drive...
Tags: Trends, Markets, Tesla, Bitcoin, Goldman, Btc, McDermott, Goldman Sachs Bitcoin, Cryptocurrency News, Emily Graffeo, Bitcoin price today, Things Before the Opening Bell Institutional, MI Exclusive, Institutional Interest Crypto, Sawitree Pamee EyeEm Getty Images Institutional, Goldman Sachs Matt McDermott


'Big Short' investor Michael Burry has warned of a stock-market bubble and slammed Tesla, Robinhood, bitcoin, and the GameStop frenzy in recent weeks. Here are his 17 best tweets.

Christian Bale as Michael Burry in "The Big Short." The Big Short/Netflix Michael Burry has been warning of market bubbles for months."The Big Short" investor has slammed Tesla, bitcoin, Robinhood, and meme-stock buyers.Here are his 17 best tweets.Visit the Business section of Insider for more stories.Michael Burry has been sounding the alarm on hype and speculation in markets for months, warning that the reckless promoting and buying will result in a devastating crash.The investor has t...
Tags: US, Trends, Tesla, Gm, TSLA, Dominos, Christian Bale, Michael Lewis, Robinhood, Btc, Hersheys, Gamestop, Big Short, United States of America, SPAC, Michael Burry


Bitcoin is not overbought and could reach $75,000 before the current bull market ends, research from Kraken says

Citi said bitcoin is at a "tipping point." NurPhoto/Getty Images Bitcoin is not yet in "overbought" territory and could reach $75,000 before the current bull cycle ends, Kraken says. According to historical price movements of bitcoin, the first quarter of 2021 could be met with massive gains for the token. Bitcoin is up 62% year-to-date as of Friday as it hovers just below $48,000. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin could gain much higher before...
Tags: Trends, Markets, Bloomberg, Btc, Citi, Kraken, Michael Burry, Jesse Powell, Bitcoin bubble, Emily Graffeo, Bitcoin Price Target, BTC price target, BTC price today, Bitcoin price analysis, MI Exclusive, Bitcoin Bull Market


President of the Central Bank of Iceland calls bitcoin “financial pyramid”

Ásgeir Jónsson, the president of the Central Bank of Iceland, criticized the speculation sparked by bitcoin (BTC), according to the...
Tags: Btc, Central Bank of Iceland, Ásgeir Jónsson


'Big Short' investor Michael Burry says governments may 'handicap' bitcoin - and doubts it can disrupt global finance

Michael Burry. Jim Spellman / Getty Images Michael Burry says governments could handicap bitcoin to protect their currencies."The Big Short" investor doubts cryptocurrencies can disrupt the financial system.Burry has slammed bitcoin as a "speculative bubble" with an uncertain future.Visit Business Insider's homepage for more stories.Bitcoin could be sidelined by governments that consider it a threat to their currencies, Michael Burry said in a now-deleted tweet on Tuesday."Regarding #BTC, w...
Tags: Russia, US, Trends, Michael Lewis, Btc, Michael Burry, Burry, China Iran, Theron Mohamed, Michael Burry Jim Spellman Getty


'Big Short' investor Michael Burry slams bitcoin as a 'speculative bubble' - and says a crash is coming

Michael Burry. Bloomberg TV Michael Burry described bitcoin as a "speculative bubble."The "Big Short" investor grouped it with electric vehicles, SAAS, and meme stocks.He compared the boom in those assets to the dot-com and housing bubbles.Visit the Business section of Insider for more stories.Bitcoin's price has surged to unsustainable levels, and buyers have taken on dangerous amounts of debt, Michael Burry cautioned in a recent tweet."$BTC is a speculative bubble that poses more risk tha...
Tags: Finance, Amc, US, Trends, Markets, Bitcoin, Electric Vehicles, Btc, Cryptocurrency, Gamestop, The Big Short, Rbc, Michael Burry, Paul Singer, Munger, Charlie Munger Warren Buffett


'Big Short' investor Michael Burry slams bitcoin as a 'speculative bubble' - and warns a crash is coming

Michael Burry. Bloomberg TV Michael Burry warned that bitcoin is a 'speculative bubble.'"The Big Short" investor grouped it with electric vehicles, SAAS, and meme stocks.He compared the boom in those assets to the dot-com and housing bubbles.Visit the Business section of Insider for more stories.Bitcoin's price has surged to unsustainable levels and buyers have taken on dangerous amounts of debt, Michael Burry cautioned in a recent tweet."$BTC is a speculative bubble that poses more risk...
Tags: Amc, Trends, Btc, Gamestop, Michael Burry, Munger, Charlie Munger Warren Buffett, Burry, Theron Mohamed, Michael Burry Bloomberg


Citi says bitcoin could become the currency of global trade in a 'massive transformation' - or it could implode

Citi said bitcoin is at a "tipping point." NurPhoto/Getty Images Bitcoin could be at the start of a "massive transformation" into the mainstream of finance, Citi said.The bank said it could even become central to global trade if innovation and adoption continues.Yet it said bitcoin is at a "tipping point" and could implode if investors go off the technology.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin could be at the start of a "massive transformation" in...
Tags: Trends, Tesla, Btc, Citi, Harry Robertson, PayPal Mastercard, Sandy Kaul


Bitcoin staged an epic rally in February. Here is a look back at its record-setting month.

Reuters February was a record-breaking month for the world's most popular currency. Bitcoin's price jumped more than 50%, hit a $1 trillion market cap, and smashed above the $58,000-level. Insider takes a look back at what is likely to be remembered as a historic month for the world's most popular cryptocurrency.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell Bitcoin had a momentous run in February, from catapulting to a market capitalization of $1 trillion to s...
Tags: Apple, Elon Musk, Microsoft, Jay Z, India, New York City, Africa, US, America, Trends, Markets, Tesla, European Central Bank, Bitcoin, Square, Janet Yellen


Bitcoin staged an epic rally in February. Here's a look back at its record-setting month.

Reuters February was a record-breaking month for the world's most popular currency. Bitcoin's price jumped more than 50%, hit a $1 trillion market cap, and smashed above the $58,000-level. Insider takes a look back at what is likely to be remembered as a historic month for the world's most popular cryptocurrency.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell Bitcoin had a momentous run in February, from catapulting to a market capitalization of $1 trillion to s...
Tags: Apple, Elon Musk, Microsoft, Jay Z, India, New York City, Africa, US, America, Trends, Markets, Tesla, European Central Bank, Bitcoin, Square, Janet Yellen


Bitcoin's energy use is 'staggering' and a worry for big investors, Kleinwort investment chief says

Bitcoin mining uses vast amounts of electricity Olga Maltseva/Getty Images Bitcoin uses a "staggering" amount of energy each year, the chief investment officer of Societe Generale's UK private bank said.Fahad Kamal said it means bitcoin clashes with the new focus on environmental investing.Yet advocates say that bitcoin mining can be powered by renewable energy.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The energy use of bitcoin is a key factor that makes the c...
Tags: Elon Musk, UK, Trends, Markets, Tesla, Ukraine, Bitcoin, Bill Gates, Argentina, University of Cambridge, Cambridge University, Nasdaq, Cryptocurrencies, ESG, Btc, Cnbc


Here is why booming bitcoin will never be a form of payment, according to 5 experts

The Bitcoin price has risen more than 340% this year, causing some analysts to label it a 'bubble' Dado Ruvic/Reuters As more institutions embrace bitcoin, some experts say the cryptocurrency is not well suited as a method of payment. Janet Yellen on Monday said bitcoin is "an extremely inefficient way of conducting transactions." Insider asked five experts whether they think bitcoin will see widespread use as a form of payment. Sign up here for our daily newsletter, 10 Things Befo...
Tags: America, Trends, Markets, Tesla, Paypal, Bitcoin, Janet Yellen, US Treasury, Cryptocurrencies, Btc, Yellen, USDC, Julius, Stablecoins, William Quigley, Isabelle Lee


Bitcoin plunges as much as 17% as investors grow wary of record-breaking rally

Bitcoin has soared in 2021, but investors pulled back on Monday and Tuesday Dado Ruvic/Reuters The bitcoin price slumped to as low as $45,000 on Tuesday before recovering some ground.Other cryptocurrencies such as ether and XRP also plunged as cash fled the market.Investors have second-guessed the recent market rally, with tech stocks also tumbling.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The bitcoin price briefly plunged as much as 17% on Tuesday to below $4...
Tags: Elon Musk, US, Trends, Tesla, Delta, Treasury, Janet Yellen, Nasdaq, Btc, Cnbc, Craig Erlam, OANDA, Harry Robertson, Binance, Dado Ruvic Reuters, Pankaj Balani


Bitcoin plunges 18% as investors grow wary of record-breaking rally

Dado Ruvic/Reuters Bitcoin slumped as much as 18%, to $45,000, on Tuesday before slightly paring losses.Other cryptocurrencies such as ether and XRP also plunged as cash fled the market.Investors have second-guessed the recent market rally, with tech stocks also tumbling.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin plunged as much as 18%, to $45,000, on Tuesday before slightly paring some losses as sky-high cryptocurrency valuations unnerved investors.Th...
Tags: Elon Musk, US, Trends, Markets, Tesla, Delta, Treasury, Janet Yellen, Nasdaq, Cryptocurrencies, Btc, Cnbc, ETH, Craig Erlam, OANDA, Harry Robertson


Bitcoin briefly falls as much as 17% to under $46,000, as inflation fears rattle cryptocurrencies and tech stocks

Bitcoin tumbled on Monday and slumped again on Tuesday morning. R.Tsubin/Getty Images The bitcoin price slumped to below $46,000 on Tuesday as the cryptocurrency sell-off continued.Other cryptocurrencies such as ether and XRP also plunged as cash fled the market.Investors have second-guessed the recent market rally, with tech stocks also tumbling.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The bitcoin price tumbled for a second straight day on Tuesday, briefly p...
Tags: Elon Musk, US, Trends, Tesla, Delta, Treasury, Janet Yellen, Btc, Cnbc, Harry Robertson, Binance, Pankaj Balani


Bitcoin briefly falls as much as 17% to under $45,000, as inflation fears rattle cryptocurrencies and tech stocks

Bitcoin tumbled on Monday and slumped again on Tuesday morning. R.Tsubin/Getty Images The bitcoin price slumped to below $46,000 on Tuesday as the cryptocurrency sell-off continued.Other cryptocurrencies such as ether and XRP also plunged as cash fled the market.Investors have second-guessed the recent market rally, with tech stocks also tumbling.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The bitcoin price tumbled for a second straight day on Tuesday, briefly p...
Tags: Elon Musk, US, Trends, Tesla, Delta, Treasury, Janet Yellen, Btc, Cnbc, Harry Robertson, Binance, Pankaj Balani


'Big Short' investor Michael Burry says he doesn't hate bitcoin but thinks its 'long-term future is tenuous'

Photo by Kevin Mazur/WireImage Michael Burry sees central governments as bitcoin's biggest adversaries. The investor said in a tweet that "legally violent, heartless central governments with #lifeblood interest in monopolies on currencies" won't allow bitcoin to remain decentralized. Burry said he does not hate bitcoin, but he sees the digital asset's "long-term future" as "tenuous." Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Government regulation is what bi...
Tags: Germany, US, America, Trends, Michael Lewis, Btc, Michael Burry, Burry, Scion Asset Management, Will Daniel, Kevin Mazur WireImage Michael Burry


Bitcoin is increasingly 'cultist' and supported by 'magical thinking', says Barclays wealth investment chief

Will Hobbs is chief investment officer at Barclays Wealth & Investments Barclays Wealth & Investments The zeal around bitcoin is "increasingly cultist" according to Will Hobbs, the chief investment officer of Barclays Wealth & Investments.Hobbs also said a rise in interest rates could dent the world's biggest cryptocurrency.Yet big names like BlackRock are increasingly interested as the bitcoin rally continues.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin ...
Tags: Elon Musk, UK, US, Trends, Markets, Tesla, Bitcoin, Barclays, Reddit, Hobbs, Cryptocurrencies, Btc, Cnbc, Gamestop, Blackrock, Rick Rieder


Bitcoin smashes through $53,000 barrier to record high, boosting its price gain this year to 81%

The bitcoin price has soared in 2021 NurPhoto/Getty Images Bitcoin hit a new high of more than $53,000 on Friday morning.The cryptocurrency's year-to-date gains hit 81% and its market capitalization neared $1 trillion.Interest from big-name firms such as Tesla and BlackRock has powered the stunning rally.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The bitcoin price scaled new heights above $53,000 on Friday morning, taking its year-to-date gains to 81% as the br...
Tags: Elon Musk, UK, Trends, Tesla, Bloomberg, Btc, Cnbc, Blackrock, Musk, Nyu, Copper, Nouriel Roubini, Rick Rieder, Harry Robertson, Dmitry Tokarev, Katharine Wooller


'Big Short' investor Michael Burry says 'prepare for inflation' - and warns bitcoin and gold might be at risk

Michael Burry. Bloomberg TV Michael Burry expects the economy's reopening and more stimulus to fuel inflation."The Big Short" investor warned governments might 'squash' bitcoin and gold to protect their currencies.Burry highlighted Germany's hyperflation in the 1920s as a cautionary tale for the US.Visit Business Insider's homepage for more stories.Michael Burry expects the post-pandemic economic recovery and another round of stimulus to drive up prices, and doesn't see bitcoin or gold a...
Tags: Germany, US, America, Trends, Reddit, Robinhood, Btc, Gamestop, Gfc, Michael Burry, Burry, Theron Mohamed, Michael Burry Bloomberg TV Michael Burry, Jens O Parsson


Bitcoin soars to new high near $53,000, boosting its price gain this year to 80%

The bitcoin price had risen around 80% in 2021 as of Friday NurPhoto/Getty Images Bitcoin hit a new high of close to $53,000 on Friday morning.The cryptocurrency's year-to-date gains hit 80% and its market capitalization neared $1 trillion.Interest from big-name firms such as Tesla and BlackRock has powered the stunning rally.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin scaled new heights above $52,800 on Friday morning, taking its year-to-date gains to 8...
Tags: Elon Musk, Trends, Markets, Tesla, Bloomberg, Bitcoin, Cryptocurrencies, Btc, Cnbc, Blackrock, Musk, Nyu, Nouriel Roubini, Rick Rieder, Harry Robertson, Bitcoin Price


'Insane' Bitcoin price consolidation means $48K is the new BTC support level

Bitcoin price "insane consolidation" means that $48,000 is now doing the job that $35,000 did in January
Tags: Btc


Bitcoin hits new high of above $52,600 before paring gains - as the currency's market value nears $1 trillion

Bitcoin's total market capitalization is approaching $1 trillion. SOPA Images/Getty Images Bitcoin's price rose to an all-time high of just above $52,600 on Wednesday afternoon. Interest from big firms like Tesla, BNY Mellon, and Mastercard has powered the latest rally. But bitcoin still divides opinion sharply, with economist Nouriel Roubini calling it a 'bubble.' Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The price of bitcoin held above $51,000 on Thurs...
Tags: Elon Musk, Trends, Tesla, Bloomberg, Bitcoin, Btc, Mastercard, Nyu, Nouriel Roubini, NEM, MicroStrategy, Harry Robertson, Nicholas Pelecanos, Tesla BNY Mellon, BlackRock BNY Mellon, SOPA Images Getty Images Bitcoin


The world's biggest holder of Dogecoin owns 28% of the cryptocurrency - a position now worth $2.1 billion

Dogecoin is a 'meme' cryptocurrency, seemingly created as a joke Yuriko Nakao/Getty Records reveal that 28% of dogecoin in circulation is owned by a single investor.  The position is worth around $2.1 billion at current prices, the Wall Street Journal first reported. The person or entity has not been identified. Sign up here for our daily newsletter, 10 Things Before the Opening Bell A dogecoin "whale" owns 28% of the meme-based token, according to a report from the Wall Street Jou...
Tags: Elon Musk, Trends, Markets, Bitcoin, Reddit, Cryptocurrencies, Wall Street Journal, Btc, WSJ, Musk, ETH, Snoop Dog, Shake Shack, Coinmarketcap, Dogecoin, Shiba Inu


Bitcoin jumps to a new high above $51,700, extending its year-to-date rally to 78%

Chesnot/Getty Images The bitcoin price hit a new high above $51,700 after breaking the $50,000 mark on Tuesday. Yet JPMorgan said the rally looks unsustainable unless bitcoin's volatility falls. Bitcoin's market capitalization has skyrocketed to close to $1 trillion. Visit the Business section of Insider for more stories. The bitcoin price hit a record high above $51,700 on Wednesday after soaring past $50,000 for the first time the previous day. The surge brought the biggest cryptocurren...
Tags: Trends, Tesla, Btc, Mastercard, Jpmorgan, Harry Robertson, BlackRock BNY Mellon


Bitcoin jumps to a new high above $51,700, but JPMorgan says the cryptocurrency's rise could be unsustainable

Bitcoin's market cap approached $1 trillion after the latest price rise Chesnot/Getty Images The bitcoin price hit a new high above $51,700 after braking the $50,000 mark on Tuesday. Yet JPMorgan said the rally looks unsustainable unless bitcoin's volatility falls. BTC's market capitalization has skyrocketed to close to $1 trillion. Visit the Business section of Insider for more stories. The bitcoin price hit a record high of above $51,700 on Wednesday, after soaring past $50,000 for t...
Tags: Trends, Tesla, Btc, Mastercard, Jpmorgan, Harry Robertson, Chesnot Getty Images, BlackRock BNY Mellon


Bitcoin reaches new record as celebrities, companies weigh in

Bitcoin (BTC) reached a new record value of $50,000 on Tuesday before falling back below $49,000.
Tags: Finance, Article, Btc, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/currencies, Fox-business/markets/currencies/bitcoin, Fox-business/topic/cryptocurrency, Audrey Conklin, 6799a984-8684-54aa-b54f-6d467bbec48c


Here's what 4 experts have to say about bitcoin's momentous record-setting rally above $50,000

A visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course's graph Chesnot/Getty Images Bitcoin surpassed the $50,000 mark for the first time on Tuesday, extending its year-to-date gain to 72%.The digital asset's price has surged this year on increased adoption by big-ticket players like Tesla.Four cryptocurrency experts give their take on the 400% rally in the price over the last year.Sign up here for our daily newsletter, 10 Things Befo...
Tags: Google, US, Samsung, Trends, Tesla, Bitcoin, Morgan Stanley, Btc, Bitpay, Exxon, Tesla JPMorgan, Sumit Gupta, Shalini Nagarajan, Chesnot Getty Images Bitcoin, Samantha Yap Founder, Antoni Trenchev Co


Here's what 5 experts said about bitcoin's momentous record-setting rally above $50,000

A visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course's graph Chesnot/Getty Images Bitcoin surpassed the $50,000 mark for the first time on Tuesday, extending its year-to-date gain to 72%.The digital asset's price has surged this year on increased adoption by big-ticket players like Tesla.Five cryptocurrency experts gave their take on the 400% rally in the price over the last year.Sign up here for our daily newsletter, 10 Things Befo...
Tags: Google, US, Samsung, Trends, Tesla, Bitcoin, Morgan Stanley, Btc, Bitpay, Exxon, Tesla JPMorgan, Sergey Nazarov, Sumit Gupta, Shalini Nagarajan, Chesnot Getty Images Bitcoin, Samantha Yap


Bitcoin briefly breaks the $50,000 barrier as Coinbase’s direct listing looms

The hodl-crew are having quite the moment as bitcoin passed the $50,000 mark earlier today for the first time. Data pegs the peak at just over $50,500. The price of bitcoin, the world’s best-known cryptocurrency, has historically proven a reasonable proxy for consumer interest in the cryptocurrency space, and for trading activity amongst blockchain-based assets. Bitcoin’s price has retreated since the milestone, and is now worth just over $49,000. Bitcoin has been on a tear this year, rising fro...
Tags: Tech, Jack Dorsey, Jay, Coinbase, Btc, Cardano