Cathie Wood and Anthony Scaramucci discussed institutional investment in digital assets, brushed off bitcoin's ESG woes, and warned investors about excessive leverage in a recent interview. | Currency News | Financial and Business News

ARK Invest Bitcoin bulls Cathie Wood and Anthony Scaramucci sat down for an interview with Bitcoin Magazine last week. The pair praised bitcoin as a crypto "reserve currency," but warned investors of the risk of leverage. Scaramucci said he sees bitcoin hitting $100,000 by the end of 2021. Here are […]

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Bitcoin is more like risky digital copper than gold as an inflation hedge, Goldman Sachs' top commodities analyst says | Currency News | Financial and Business News

Jakub Porzycki/NurPhoto via Getty Images Bitcoin is closer to "digital copper" than "digital gold", according to Goldman's top commodities analyst. That's because bitcoin and copper act as "risk-on" inflationary hedges, while gold is "risk-off," he said. Commodities remain the best inflation hedge because they rely on demand, the bank's research […]

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Wall Street Set To Open Higher

State Investor Confidence Index for May and Survey of Business Uncertainty for May might be the focus on Wednesday. Since there is a slight decline in global coronavirus, investors are closely monitoring the vaccination progress. As per the World Health Organization’s, there was a 14 percent drop in coronavirus cases. […]

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