The recent surge in bitcoin's price to above $52,000 has taken the cryptocurrency's market capitalization to roughly $957 billion.
A survey showed that 84% of company finance executives said they will never hold bitcoin. The bitcoin price jumped to an all-time high of above $US51,700 on Wednesday. Chief financial officers remain concerned about the cryptocurrency’s volatility. Visit the Business section of Insider for more stories. Corporate finance executives do […]
"They're on the right side of change when it comes to innovation," Wood said about Tesla and Square during a Wednesday CNBC interview.
A large majority of the finance executives polled said bitcoin's volatility was a concern, along with regulations and board risk aversion.
Tesla has paved the way for more corporations to head down the path to owning and accepting bitcoin, according to Wedbush. The firm says current bitcoin mania is not a “fad,” but the start of a new era of digital currency. PayPal, Square, Mastercard, and Visa could benefit from the […]
Shares of PayPal, Square, Mastercard, and Visa could benefit as more institutions adopt cryptocurrencies, Wedbush said.
A JPMorgan co-president said he’s sure banks will embrace bitcoin “at some point.” An arm of Morgan Stanley is reportedly considering investing in the cryptocurrency. Wall Street firms including BlackRock and BNY Mellon are moving towards bitcoin. Sign up here for our daily newsletter, 10 Things Before the Opening Bell […]
MicroStrategy, Galaxy Digital and other bitcoin holders soared on the markets last week. Tesla’s purchase of $US1.5 billion in bitcoin was the catalyst, bringing more attention to crypto. But bitcoin’s volatility and energy use are obstacles to widespread adoption by firms. Sign up here for our daily newsletter, 10 Things […]
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