Microsoft founder Bill Gates has issued a warning to would-be Bitcoin (BTC) buyers looking to follow Elon Musk’s investment strategy. Speaking to Bloomberg’s Emily Chang, Gates suggested Musk had access to sophisticated trade management techniques that the average investor isn’t privy to. When asked about the susceptibility of Bitcoin to tumble in price in reaction to a mere tweet — undoubtedly a reference to Musk’s own social media posts — Gates said Musk was probably insulated from such market crashes: “Elon has tons of money and he’s very sophisticated so, you know, I don’t worry that his Bitcoin would randomly …
Not all analysts are convinced that Tesla’s recent acquisition of $1.5 billion worth of Bitcoin (BTC) will prove to be as beneficial for the tech giant as it was for the BTC coin price. Head of equity strategy at Saxo Bank, Peter Garnry, wrote in a research note that Elon Musk had exposed Tesla and its investors to “immense risk”, as reported by Reuters on Feb. 11. “Elon Musk has exposed Tesla to immense mark-to-market risk,” wrote Garnry, adding that the main concern for investors was valuing Bitcoin’s worth over the long term, given the intense market volatility it’s been …
Bitcoin (BTC) held $65,000 during Nov. 8 as major gains seemed unfazed by Tesla (TSLA) stock losing 5% at the Wall Street open. Bitcoin beats Tesla by market cap Data from Cointelegraph Markets Pro and TradingView showed BTC/USD down around $900 at $65,500 after hitting highs of $66,433 on Bitstamp. Overnight success was tapered by news that Tesla CEO Elon Musk would sell 10% of his Tesla holdings worth around $23 billion — simply because Twitter users voted for him to do so. Markets reacted cautiously, with TSLA initially opening at $1,150 after closing Friday at $1,221 before a modest …
Bitcoin (BTC) tested $65,000 as support as U.S. markets opened Nov. 15 as a weekend surge ended in retracement. Analysts maintain positive BTC price outlook Data from Cointelegraph Markets Pro and TradingView showed BTC/USD giving back a chunk of its overnight gains having hit local highs above $66,000. In a move away from recent patterns, the pair failed to rally further into the start of trading on Wall St., instead eyeing April's old all-time high. For Cointelegraph contributor Michaël van de Poppe, it was higher levels that were more important in order to preserve overall bullish momentum in the short …
In 2021, the market cap of cryptocurrencies skyrocketed 286% year over year, uplifting a $2.17 trillion industry into the stratosphere. But, with this vast creation of wealth comes the explosion of peculiar tales throughout the sector. From the suspicious death of multiple crypto-evangelists and crypto scams involving hacked Twitter accounts of heads of states to much-promoted celebrity NFT drops that bombed at the auction, 2021 was truly a wild year for the cryptocurrency cyberspace. Without further ado, let’s look at the top strangest stories that have captivated blockchain enthusiasts this year. No 1. The death of John McAfee On June …