Bitcoin "ascendant" because the GameStop saga unfolds, says Bitfinex CTO
Bitcoin "ascendant" as the GameStop saga unfolds, says Bitfinex CTO
The sudden surge in stocks like GameStop (NYSE 🙂 have a positive light on (BTC), since according to Paolo Ardoino, CTO of Bitfinex, more and more private investors are trying to "rant" against the financial status quo.
Bitcoin's price peaked north of $ 38,500 on Friday, just like US stocks completed their worst trading week since October. The divergence between BTC and stocks was partly due to a massive short squeeze of institutional investors by a Reddit group called r / WallStreetBets. The Reddit buying frenzy was centered on GameStop, the video games and consumer electronics retailer.
Read on on Coin Telegraph
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading loss you may incur as a result of using this information.
Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.