Tesla TSLA chief executive Elon Musk may no longer be the bitcoin community’s favorite tech billionaire but he can still move the bitcoin price. Musk, who has alienated many in the bitcoin space over recent months with his tongue-in-cheek support of “joke” cryptocurrency dogecoin, sent the bitcoin price sharply higher early Sunday afternoon. Sign up…
The bitcoin community cheered Tesla TSLA billionaire Elon Musk’s headfirst dive into crypto this year. Musk sent the bitcoin price sharply higher when Tesla’s surprise bet on bitcoin was announced in February but his outlandish Twitter TWTR persona and growing support for ethereum and the meme-based dogecoin has since antagonized bitcoiners. Now, Twitter chief executive…
We looked at three bubble charts a few weeks ago (bitcoin, Tesla TSLA and lumber), each of which continue to look like the air is coming out. On that note, bitcoin has taken another few punches in recent days. Over the weekend, a big bitcoin event was held in Miami that included a lot of…
Tesla TSLA billionaire Elon Musk, after helping the bitcoin price reach never-before-seen highs this year with a $1.5 billion bet on bitcoin, appears to have abandoned the cryptocurrency for ethereum and meme-based dogecoin. “I pretty much agree with Vitalik,” Musk posted to Twitter this week, replying to a wide-ranging YouTube interview with the ethereum cofounder…
EV billionaire William Li is chasing growth overseas. His first step—entering the European market via Norway. In early May, William Li strides onto a Shanghai stage in a navy T-shirt emblazoned with two words: Norway 2021. The founder of Nio greets his new team sitting in Oslo at the virtual event before launching into details…
Tesla billionaire Elon Musk, the meme-loving CEO who also leads rocket company SpaceX, has ramped up his support of “joke” cryptocurrency dogecoin in recent months. The dogecoin price has soared as Musk has flirted with accepting the meme-based dogecoin as payment, promised to put a “literal” dogecoin on the moon, and called a dogecoin-heated hot…
The Fed said this afternoon that it will begin selling its portfolio of corporate bonds. Let’s talk about what that means … Back in March of last year, the Fed’s response to the pandemic started with some massive action on a Sunday night, where they slashed rates to zero and started a big bond buying…
Elon Musk, Tesla’s TSLA chief executive who’s apparently adopted dogecoin as a pet project, is again moving markets. The dogecoin price has soared by around 20% over the last 24 hours, boosted first by major U.S. cryptocurrency exchange Coinbase adding support for dogecoin on its professional trading platform. Now, Tesla billionaire and Twitter meme lord…
On Friday, the April inflation report showed the biggest monthly percentage point jump (in year-over-year core PCE) on record. As I said last week, we are already seeing inflation running at a pace we haven’t seen for at least 40 years. But we haven’t seen anything yet. Wait until the May data starts rolling in.…
Bitcoin, ethereum and most major cryptocurrencies have fallen sharply over the last week as the crypto market roller coaster rolls on. The bitcoin price has fallen almost 10% since last weekend despite rallying earlier this week amid a slew of positive bitcoin and crypto headlines emanating from the annual Consensus conference. Ethereum, the second-largest cryptocurrency…