A $20K Bitcoin Likely as Trump Authorizes Biden Transition

Bitcoin is looking to retest its all-time high, near $20,000, as Donald Trump authorizes his administration to cooperate with president-elect Joe Biden’s transition team. The flagship cryptocurrency rose cautiously on Tuesday, hours after the General Services Administration’s head Emily Murphy informed Mr. Biden that Mr. Trump had approved the official government transition process. The statement […]

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Bitcoin Bull Market to Continue in 2021 as Citi Predicts 20% Dollar Crash

Earlier this year, Nasdaq-listed MicroStrategy converted its $425 billion worth of cash reserves to Bitcoin. Explaining its bold call to invest in an asset that remains notoriously volatile and unregulated, the firm’s CEO Michael J. Saylor said it has a better “long-term appreciation potential than holding cash.” Many analysts agreed that MicroStrategy’s investment in the […]

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