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Morgan Stanley: US Dollar Has No Credible Challengers; Reserve Currency Status to Endure

Morgan Stanley: US Dollar Has No Credible Challengers; Reserve Currency Status to EndureThe U.S. dollar is likely to remain the world’s dominant reserve currency due to the absence of credible challengers. Morgan Stanley suggests that the Chinese yuan, often considered a potential rival to the U.S. dollar, currently falls short and is unlikely to dethrone the greenback. Reserve Managers to Grapple With U.S. Dollar According to the […]

Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund

Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins

Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More BitcoinsNine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm’s CEO, Michael Saylor, announced the purchase of an additional 1,045 bitcoins. The business intelligence (BI) company now holds a total of 140,000 bitcoins, worth $3.97 billion. Microstrategy Buys Another Batch of Bitcoins Microstrategy has begun acquiring bitcoin (BTC) again, after purchasing 6,455 bitcoins […]

Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund

Famed Economist Doubts Bitcoin Will Become Global Currency

Famed Economist Doubts Bitcoin Will Become Global CurrencyMohamed El-Erian, chief economic advisor at financial services company Allianz, says that bitcoin is not going to be a global currency and will not replace the U.S. dollar. However, he believes the cryptocurrency will always exist in the ecosystem and will not be regulated out of existence. Bitcoin Won’t Become Global Currency Rivalling US Dollar, […]

Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund