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.
Source: Digital Coin News (digitalcoinnews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin jumps to nearly 5-month high, topping $55,000 on WednesdayBitcoin extended its rally Wednesday, climbing above $55,000 for the first time in five months. Bitcoin jumps like a frog 🐸 Democracy. Bitcoin is going to infinity ♾ & there’s nothing you can do about it The laws of mathematics and physics govern our universe Thanks to Bruw50 he has been helpful in the field, great tweets, Tips & predictions so far, he works incredibly hard in the space. Go check him out.
Source: CNBC - 🏆 12. / 72 Read more »
Bitcoin rallies above $55,000 for first time in five monthsBitcoin reached an all-time high at around $64,889 in April, according to CoinDesk data.
Source: MarketWatch - 🏆 3. / 97 Read more »
Bitcoin rises 5% to $51,711Bitcoin rose 5.01% to $51,711.21 at 22:01 GMT on Tuesday, adding $2,469.07 to its previous close. Just warming up 😉 ALGORAND $ALGO awaiting a spike rally ... with BITCOIN Bitcoin terrible and it will shut down
Source: Reuters - 🏆 2. / 97 Read more »
Tune-in soars as Tom Brady takes on his former team on NBC's 'Sunday Night Football'The Buccaneers-Patriots game scored the second-highest 'Sunday Night Football' rating ever, lifting NBC to victory in the week of Sept. 27-Oct. 3, 2021. “60 Minutes” was the top non-NFL program. I am with the Tampa Bay Coach, what a bunch of bs thanks
Source: latimes - 🏆 11. / 82 Read more »
George and Amal Clooney Return to the Red Carpet at The Tender Bar PremiereThe couple arrived at the event for George’s latest directorial effort in coordinated looks.
Source: voguemagazine - 🏆 715. / 51 Read more »
Mike Berkowitz, Allysa Mahler to Lead Reworked WME Comedy GroupThe talent agency is looking for more crossover business revenues beyond comedy clubs from touring, TV, film, publishing, digital and celebrity endorsements for its comedic stars.
Source: THR - 🏆 411. / 53 Read more »