The report noted that the news of SpaceX, led by Elon Musk, writing off a portion of its Bitcoin holdings in the previous quarter, played an added role in fueling the correction within the cryptocurrency markets in August.
Owns Bitcoin Futures Contracts
Owns Bitcoin Futures Contracts latest news, images, analysis about Futures are a type of derivative contract that obligate two parties to exchange an asset—or a cash equivalent—at a predetermined price on a future date. When investors buy and sell Bitcoin futures contracts, they are speculating about BTC’s future price. In essence, two parties make a bet: One believes … See more
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After the market collapsed, Guggenheim Chief Investment Officer Scott Minerd believes there is a lot more downside to crypto. He believes the price of bitcoin will decrease to $8,000.
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