AMC has announced that it plans to accept Bitcoin as payment for movie tickets and concessions at its theaters. Yes, really. The meme stock of a company found a way to attract some new retail holders perhaps — or maybe they’re really interested in Bitcoin?
I don’t always trade stocks, but when I do, I prefer to measure their performance in Bitcoin. Like many other Bitcoiners, I’m now at the point where I’ve started to think about my finances primarily in terms of Bitcoin, not in any fiat currency. It’s time for Bitcoin as unit of account in Robinhood.
GoldenTree has joined the slow march of hedge funds, insurance firms, and publicly-traded companies adding Bitcoin to their balance sheet, according to The Street. The firm has $45 billion in assets under management.
Last month, Elon Musk and Jack Dorsey announced on Twitter that they would be leading a panel at “The B Word” to talk Bitcoin. Today’s the day, and the talk is titled “Bitcoin As A Tool For Economic Empowerment”. It’s happening live on the The B Word’s website, and you can follow our liveblog here.
I don’t blame you if you had a hard time following a recent Twitter exchange between Tesla CEO Elon Musk and Twitter CEO Jack Dorsey. Here’s a translation: Elon is planning to sit down with Jack to talk about Bitcoin at an upcoming Bitcoin event called ‘The B Word’, and the conversation will likely revolve around Bitcoin’s energy use.
El Salvador has announced its plan to make Bitcoin legal tender in the country, marking a first for the decentralized cryptocurrency. CNBC reports: El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender, alongside the U.S. dollar. In a video broadcast to Bitcoin…
Ross Stevens is the CEO and founder of NYDIG, the Bitcoin subsidiary of Stone Ridge, a $10 billion alternative asset manager. He and his firm have had a profound impact on institutions taking advantage of Bitcoin over the last several months. Today, Ross has made his second-ever appearance in an interview with Andrew Tsia at the MacroMinds Charitable Investment Symposium.
Elon Musk wasn’t exactly the most popular person amongst Bitcoiners last week. He spent several days criticizing Bitcoin’s energy usage (so much so that he walked back Tesla’s earlier decision to accept Bitcoin for vehicles), and pumping up his favorite altcoin, Dogecoin. Now, as the Bitcoin market takes a massive plunge, Elon says that he’s not selling Tesla’s Bitcoin holdings.
Bitcoin and the cryptocurrency market as a whole is down massively from its all-time high just a month ago. Bitcoin slid more than 20% today and is down more than 40% over the last 7 days. The cryptocurrency market cap as a whole slid over $1 trillion since last week.
