A Wave of Giants Rushing to Invest in Bitcoin Could Derail the Stock Market

Gavin Brown, Associate Professor in Financial Technology, University of Liverpool.

After Tesla announced it has invested USD 1.5bn in bitcoin and expects to start accepting the cryptocurrency as a payment for its electric vehicles in the near future, the bitcoin price went soaring. It went from around USD 39,400 to an all-time high of over USD 48,000 in less

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