Crypto at a glance
Never settle. Bitcoin certainly doesn’t. Not content with bashing through $50,000 like a gorilla through a birthday cake, it continues to surge and has just set a new all-time high over $52,000.
It’s now closing in on another huge psychological landmark – $1 trillion market cap. Will it hit this week?
Bitcoin’s surge comes as influential financial players continue to flood into the space. Yesterday, BlackRock’s chief investment officer of global fixed income, Rick Rieder, hinted to CNBC that the world’s largest asset manager has diversified into crypto, while private financial and investing advice company Motley Fool announced that it has bought $5 million worth of Bitcoin. If it’s doing that with its own money, what’s it advising its clients?