Current Price $541.27
Bitcoin has been touted as a hedge more than once as it has increasingly gained recognition as an ideal digital store of value. Strategists at JPMorgan have recommended a 1% allocation of one’s investment portfolio into Bitcoin as a way to hedge against the volatility of traditional asset classes such as stocks, bonds, and commodities. Per a note…
A major trend in the financial market ecosystem of today is Bitcoin (BTC) investments by corporate or institutional investors, a move that has had a huge impact on the global cryptocurrency market. Responding to a Bloomberg crypto summit tweet featuring his speech, MicroStrategy Chief Executive Officer, Michael Saylor provided an explanation as to why firms have been adding BTC to their balance sheets. MicroStrategy also…