Robinhood, Reddit App Downloads Surge as Investors Take on Wall Street
Despite breaking download and usage records this week, Robinhood has since been widely criticized for restricting the trades of stocks and cryptocurrencies.As U.S. hedge funds continued to face an army of Redditors from the r/WallStreetBets community on Thursday, statistics released by Apptopia, Inc. suggested that at least some companies at the center of the storm were benefiting from the attention.
In a recent tweet, self-made billionaire Mark Cuban announced that he would run for the office of US President when Bitcoin which has reached $ 1 million. In the past, the investor was critical of Bitcoin. © Provided by Finanz.net Thomas Lohnes / Getty Images
• Mark Cuban wants to be US president if Bitcoin hits $ 1 million • JPMorgan analysts expect Bitcoin to rise to $ 146,000 • Cuban shows Critical of BitcoinIn a tweet, self-made billionaire and owner of the professional basketball team "Dallas Mavericks", Mark Cuban, announced that he would run for the office of US President if the Bitcoin reaches $ 1 million Mark has reached.
India Drafts Bill to Create Government Cryptocurrency, Ban Private Cryptocurrencies, with Exceptions
India's Parliament is expected to consider a bill to ban "private" cryptocurrencies, with some as yet unspecified exceptions, which would allow the government to create a state-sanctioned digital alternative. © Mukesh Gupta/reuters A bank teller counts stacks of 1,000 rupee banknotes inside a bank in Jammu, India, November 25. John Elliott writes that the cancellation of Rs1,000 ($14.80) and Rs500 notes was suddenly introduced by Prime Minister Narendra Modi on November 8.
In the past, according to MSN, Cuban had already toyed with the idea of becoming politically active: At that time, for fun, he had considered running as Trump's vice-presidential candidate after he publicly spoke to the US president in the podcast "Just B with Bethenny Frankel" called "idiots".
Furthermore, in his recently published Twitter post, he calls for 350 Bitcoins to be donated to the United States Treasury Department for each year of his eventual presidency. These are then to be divided among all US citizens - so that each citizen receives one Satoshi per year, which is to be held for ten years. One hundred million Satoshis correspond to one Bitcoin.
JPMorgan expects the value of Bitcoin to increase to 146,000 US dollars in the long term.
The price of the crypto currency Bitcoin continued to rise sharply at the beginning of 2021 - Bitcoin is currently just under 38,000 US dollars. However, JPMorgan analysts expect Bitcoin to soar to a level of $ 146,000 over the long term as it competes with gold as an investment option. "The acceptance of Bitcoin by institutional investors has only just begun, while the acceptance of gold by institutional investors is already very advanced," the JPMorgan strategists write in a study according to "Bloomberg".
Bitcoin at the bank counter: How Visa wants to use technology to turn every bank into a crypto exchange
Bitcoins have been on everyone's lips long before the price rally in December. For a long time, more and more institutional players have been trying to jump on the bandwagon of crypto currencies. With the credit card company Visa, another global player is now relying on blockchain technology. Visa wants to launch an software program with API access in the current year 2021 .
Mark Cuban expresses himself critical of the Bitcoin
self-made billionaire Cuban is very critical of the crypto currency, as numerous Twitter posts and interviews of him show. - Trade Bitcoin with Plus 500 - that's how it works. 76.4% of retail investor accounts lose money when trading CFDs with this provider . You should carefully consider whether you can afford the high risk of losing your money. - In September 2019, for fun's sake, he explained in a YouTube video by Wired that he would rather have a banana than a Bitcoin, because you can at least eat it. In an interview with Forbes, he added, "[Bitcoin] is what it is. Something enough people have agreed on is an investable asset. [But] a banana is more useful, potassium is a valuable nutrient for everyone People on the planet ".
In December 2020 he also emphasized in an email to Forbes that his opinion on Bitcoin had not changed: For him, Bitcoin, like gold, was merely a store of value, "more religion than the solution to every problem is ".
Tesla Discloses $1.5 Billion Purchase of Bitcoin in Latest SEC Filing
Tesla has purchased $1.5 billion in bitcoin, according to its latest SEC filing on Monday. The electric car company made the purchase sometime since January 2021, though the filing doesn’t say what price the company locked into. © Photo: Hannibal Hanschke (Getty Images) From the SEC filing:In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity.
Cuban warns investors against cryptocurrencies
"No matter how much BTC fans want to pretend it is a hedge against end-time scenarios, it is not," Cuban warns Bitcoin investors in an interview with Forbes. According to the US investor, countries will not hesitate to take the necessary measures to protect their currencies and tax policies. "The more people believe that [Bitcoin] is more than a store of value, the greater the risk of government intervention," Cuban told Forbes.
You might also be interested in: NOW NEW - Bitcoin & Co. trade via the finanzen.net app - or for professionals via the Stuttgart Stock Exchange And the US investor will probably not change his mind anytime soon. In an interview with YouTuber and investor Anthony Pompiano, he answered the question of what could change his mind about cryptocurrencies: According to Cuban, Bitcoin must be as easy to use as child's play. Everything has to be completely smooth and understandable for everyone so that even his "grandma could do it". Pauline Breitner / Redaktion finanzen.net
Cost of a single Bitcoin exceeds $50,000 for first time .
SILVER SPRING, Md. (AP) — The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time. The price of Bitcoin has risen almost 200% in the last three months and its volatility was on display Tuesday. After rising above $50,600, it fell back to $48,674 at 2:15 p.m. ET. At that price, with about 18.6 million Bitcoins in circulation, Bitcoin has a market value of nearly $907 billion.Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment.