Article: Wall Street banks diverge in views on bitcoin boom

Crypto

Montage of physical bitcoin with data chartWall Street banks diverge in views on bitcoin boom

Bitcoin is dividing opinion on Wall Street, with a rush of investment banks expressing widely divergent views on the cryptocurrency boom.

The rally in bitcoin has been supported by the growing interest from institutional investors. Some companies, prominently including Tesla, have also loaded up. US Federal Reserve chair Jay Powell, meanwhile, said at an event on Monday that crypto assets are more for speculation than for payments.

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Article: Bitcoin, crypto investors will be watching these 5 questions facing the Biden administration

Crypto, Governance

Bitcoin, crypto investors will be watching these 5 questions facing the Biden administration

Bitcoin BTCUSD, 0.78% has risen a staggering 548% during the past twelve months, while Ethereum ETHUSD, 1.61%, the second most valuable cryptocurrency, has gained roughly 690% during that time, according to FactSet, compared to a 71% rise for the S&P 500. But the fate of this rally could depend greatly on President Joe Biden and his administration’s regulatory stance to the burgeoning crypto economy, experts tell MarketWatch. Here are the five biggest regulatory questions the Biden administration will face in the coming months and years that will greatly impact cyrpto investors:

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