Bitcoin could undergo corrections near $9,000 as Stan Druckenmiller, a billionaire hedge fund manager, warns about a stock market crash. The former George Soros’ chief strategist said a V-shape recovery for equities is a “fantasy.” The prediction put Bitcoin’s market cap under risks of a similar downsizing, given its growing correlation with the S&P 500 after March 2020. As bitcoin struggles to close above $9,000, a chilling stock market prediction has decreased the cryptocurrency’s possibility […]

Bitcoin is a hedge in a deflationary cycle, said billionaire venture capitalist Chamath Palihapitiya in a Tuesday morning interview with CNBC. The Virgin Galactic chairman and Social Capital CEO commended the cryptocurrency for its lack of correlation with traditional markets. He further cited Paul Tudor Jones, a billionaire hedge fund manager, for taking a similar safe-haven call regarding Bitcoin. ‘Buy Bitcoin‘ is emerging as the mantra against the ongoing global financial crisis. The latest to […]