Bitcoin Losses Near $200 Billion As JPMorgan Warns It's The 'Least Reliable' Dollar Hedge

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The price of bitcoin is tanking nearly 10% today, tacking on to massive losses as bearish calls from regulators and analysts heighten after a huge surge fueled by still-booming institutional adoption

cryptocurrencies"a particular concern" on Tuesday, suggesting that lawmakers take action to"curtail their use," particularly to ensure they're not used for illicit financing.

That's not stopping institutional players from diving further into the space: Investment giant BlackRock with the Securities and Exchange Commission on Wednesday to include cash-settled Bitcoin futures as eligible investments for two of its funds."Bitcoin is showing some vulnerability at the end of such a strong month: It was seeing some pressure at $34,000 Wednesday and has since buckled, making a run at $30,000 highly likely," noted Oanda Senior Market Analyst Craig Erlam Thursday morning.

 

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Today has been fantastic! Even though there is a slight decrease in the USD due to the recent stimulus package, my money has increased in Canada and tremendously in Mexico! I am becoming wealthier in North America.

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lies

Today has been fantastic! Even though there is a slight decrease in the USD due to the recent stimulus package, my money has increased in Canada and tremendously in Mexico! I am becoming wealthier in North America.

Big issue is how much pollution its production causes.

How are things with the capitol now?

if the threats of regulation from the new Admin on bitcoin haven't made you realize that the DNC does not support economic freedom then you're simply blind.

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