Big players in finance prove their believe in Bitcoin by purchasing the cryptocurrency.
Dalio says that Bitcoin’s volatile nature leaves it with fewer use cases as a medium of exchange. He added that he would prefer Gold over Bitcoin.
Bitcoin’s latest market rally has helped it surpass the market cap of some of the top companies. Another 50% of the current levels can put it above Visa, Mastercard, and JPMorgan. Veteran players from the investing world say that big companies will soon have exposure to Bitcoin.
Alphabet (GOOGL) stock price is rising. The stock is trading at around $1,350. However, it is believed that it may reach the level of $1,700.
Bill Miller’s Hedge Fund gained 46% with many attributing the success to the recent surges by Amazon and Bitcoin, as well as strategic investments in other high-performing stocks like Avon Products and ADT.
Bill Miller, a legendary Investor, mints millions by investing 30% of his total hedge fund assets into Bitcoins.
Big players in finance prove their believe in Bitcoin by purchasing the cryptocurrency.