Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
As of Wednesday's close, MicroStrategy's stock was up 542.8% year to date. Robinhood is up more than 200%, while Coinbase has nearly doubled. Mara Holdings has underperformed the pack with a 10.5% increase.Legendary Trader Peter Brandt on Bitcoin $100,000: 'I Didn't Understand The Big Deal’MicroStrategy's aggressive Bitcoin acquisition strategy has boosted MSTR stock growth. According to Michael Saylor, MicroStrategy's cofounder and chairman, the company raised $13.
Speaking at the DealBook conference on Wednesday, Federal Reserve Chair Jerome Powell described Bitcoin as"just like gold, only it's virtual, it's digital." He clarified that"people are not utilizing it as a form of money, or as a store of value" and that"it's not a competition for the dollar, it’s really a competitor for gold."Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.