Bitcoin is rising Saturday morning as it flirts with permanently climbing over $60,000 only to fall back under. Bitcoin is up over 22% in the past week and 8% in the past 24 hours. Could Bitcoin continue increasing in value from $60,000 to $100,000 in the future?
JPMorgan (JPM) – Get Report is the latest institutional bank to unveil an investment product with indirect exposures to Bitcoin and other cryptocurrencies.
Grayscale (GBTC) – Get Report halted new subscriptions to its booming crypto investment products this past week after a popular arbitrage trade that hedge funds and other wealth managers engaged in has unraveled. Read more…..
Chart of the Day
Jul.10 — Uber CEO Dara Khosrowshahi talks about taking the company public, the future of driverless cars, expansion plans and whether or not he takes an Uber. He appears on the latest episode of “The David Rubenstein Show: Peer-to-Peer Conversations.” The interview was recorded on June 11 at The Economic Club in Washington.