U.S. stocks are set for a strong start to the week, as bond yields eased from last week’s highs early on Monday.
In our call of the day, Citi analysts said bitcoin was at a “tipping point” between mainstream acceptance or a “speculative implosion.” But recent developments, including electric-car maker Tesla’s TSLA, -0.99% $1.5 billion investment and moves by PayPal PYPL, +2.33%, Visa V, -0.64% and Mastercard MA, -0.20% to accept payments, pointed toward the former.
The report added that bitcoin could eventually become “the currency of choice for international trade,” due to its global reach, neutrality and lack of foreign exchange exposure. However, obstacles ahead along that path include upgrades to the marketplace and the potential for the cryptocurrency space to move closer to the oversight and rules of traditional financial regulators, Citi noted.
Reddit Chief Executive Steve Huffman reiterated his praise for the WallStreetBets forum that has sent Wall Street “meme stocks” reeling in recent weeks. Huffman said the community “exposed a gap” between those who have access to the financial markets and those on the outside.
They pointed to Tesla and PayPal as proof. Almost like Tesla and PayPal had the same founder/owner at one time and they still exert some influence? Citi is the reason we don't have Glass Steagall protections. They've been the most aggressive advocate against regulations.
BTC Bitcoin crypto shitcoin hodler tulipmania
Jump on the train or get dusted.
good
When you can’t say either of it, what’s the value of your views or opinion... you are just guessing lol
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