With his hedge fund, he will be able to capture trading opportunities that require more scale and will have influence over developers, regulators, etc.
Venezuelans are mining Bitcoin as their electricity costs are highly subsidized and there are no Cryptocurrency laws in place making it even an easier affair.
Bitcoin went up fivefold this year but then crashed a bit. It traded at $3524 on Friday which was little lower than usual. Crypto enthusiasts are hopeful that use of Crypto will increase as people see the advantages of...
However, even as Jamie Dimon was busy frowning at the idea and labeling Bitcoin as a fraud, it has been reported by various news sources that his company has purchased Bitcoins.
Elvira Nabiullina who is serving presently as the governor of Bank of Russia, clearly emphasized that she would look down on any policy that would try to give cryptocurrency the same value as a foreign currency.