Bitcoin’s ‘inevitable collapse’
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The markets, year-to-date
S&P 500: 6,040.53 ⬆️ 2.70%
FTSE 100: 8,673.96 ⬆️ 5.01%
Bitcoin: $101,985.90 ⬆️ 9.12%
GBP to USD: $1.2401 ⬇️ 0.93%
GBP to EUR: €1.1966 ⬇️ 1.05%
(As of Friday market close.)
A hedge fund warns that Bitcoin “could wreak havoc in ways we cannot yet anticipate”
Last week Moneyin2 told you how Bitcoin is slowly infiltrating traditional finance institutions, and how those institutions are increasingly recommending crypto despite the amount of risk and volatility it adds to your savings and investments.
There is nothing complicated about why they are doing this. Bitcoin has risen from $16,000 per coin in 2023 to $102,000 today. Investors — or gamblers as they ought to be called — have enjoyed great gains and that has created a lot of noise and a lot of demand. The institutions are simply responding to that demand.
U.S. President Trump — who has backed three of his own digital tok…