Unless you’re the world’s richest person, you shouldn’t be buying bitcoin. That’s the message from Bill Gates – the third richest.
Browsing: Elon Musk
Tesla’s years-long dominance of electric car sales may soon be over as traditional car makers introduce a slew of new battery-powered models, one of its German rivals said.
Bitcoin fell sharply on Monday after surging to its latest record high a day earlier as a selloff in global equities curbed risk appetite.
Elon Musk’s reign as the the world’s richest person was brief. Tesla shares slid 2.4% on Tuesday, erasing $4.6-billion from its CEO’s fortune and knocking him from the top spot in a billionaires’ ranking.
Bitcoin jumped to a record high after Mastercard and Bank of New York Mellon moved to make it easier for customers to use cryptocurrencies.
Mastercard is planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.
Elon Musk’s decision to invest US$1.5-billion of Tesla’s cash in bitcoin is financial dynamite that unites two speculative bubbles. There’s plenty to suggest the move is inadvisable