The bitcoin price bounced back overnight after falling below $47,000 yesterday. At 7:25 this morning (Dec. 31), the bitcoin price was 0.14% higher at $47,099.47.
The recovery in positive territory followed after the U.S. stock market fell 90 points in the Dow Jones Index in light trading.
Famous investor Kevin O’Leary continues to see crypto as the future and talks about expanding his crypto exposure. Once major hurdles in the regulation of stable coins are overcome and clarified, he intends to hold up to 20% of his portfolio in crypto. The once crypto-critic sees a rosy future, also because he believes that stable coins can be a kind of inflation hedge.
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Friday, December 31, 2021