The price of the world's most valuable cryptocurrency spiked nearly 10% Wednesday morning to around $55,000, following news that the investment firm founded by billionaire George Soros owns bitcoin.
The price of the world's most valuable cryptocurrency spiked nearly 10% Wednesday morning to around $55,000, following news that the investment firm founded by billionaire George Soros owns bitcoin. Soros, who is famous for making big money on traditional currency investments, is rumored to have been trading in bitcoin for the past few months.The bitcoin surge comes one day after prices popped above $50,000 for the first time in four weeks.
Will cryptocurrency replace the dollar? Scott Galloway explains 03:15Still, several prominent business leaders and investors have expressed reluctance to embrace bitcoin and other cryptocurrencies. Mega-billionaire Warren Buffett continues to criticize bitcoin. And so did JPMorgan Chase CEO Jamie Dimon in a recent appearance on the Axios HBO TV show.
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