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After breaching a record-high of $58,000 last Sunday, bitcoin slid to $47,000 on Friday.
Despite regulatory uncertainty, three CEOs of money managers are still bullish.
They explain why bitcoin is still in its early stages and set to mature into a gold-like market cap.
Is bitcoin entering a bear market ?
After the digital currency slid from its record high of $58,000 last Sunday to $47,000 as of Friday afternoon, its biggest weekly loss since a 33.5% decline last March, some skeptics are saying bitcoin is on the verge of falling into, if not already, in a bear market.
The unprecedented $1.9 trillion stimulus package will support massive consumer acceleration, says investment bank Cowen.
Insider breaks down the 3 key drivers for consumer acceleration, according to Cowen analysts.
And list the 14 consumer-focused stocks set to benefit from the stimulus checks.
Senate Democrats are preparing to pass President Joe Biden s $1.9 trillion coronavirus stimulus this week with or without Republican support, after the House voted to pass the American Rescue Plan Act.
The bill includes $1,400 stimulus checks, $400 federal unemployment benefits, and aid to state and local governments.
The unprecedented $1.9 trillion stimulus package supports massive consumer acceleration, according to investment bank Cowen in a February 16 research note.
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Daljit Dhaliwal is a skilled trader profiled in Jack Schwager s book Unknown Market Wizards.
Over his nine-plus years of trading, the macro trader averaged an annual compounded return of 298%.
Dhaliwal breaks down his trading strategy and shares nine trading rules that he lives by.
Daljit Dhaliwal trained to become a professional tennis player growing up, but he found a bigger passion for trading while attending university during the market turbulence from 2008 to 2010.
Despite starting later than his peers and graduating from a mid-level university, Dhaliwal sent out about 30 job applications and hustled his way into a proprietary trading firm.
Price and ETF flows data reveals the ongoing rotation between growth stocks and other areas of the stock market such as industrials and value. With the technical breakdown in the Nasdaq, it might p.