Asset Allocation
Battered Stocks and Bitcoin Are Increasingly Correlated
The closer matches between old-school and new-school assets are a switch from a year ago.
Tag: Bitcoin
Regulation
Regulators Unhappy With Bitcoin in Retirement Plans
This comes after Fidelity Retirement announced it would offer bitcoin as an investment for its 401(k) plans.
Asset Allocation
Crypto: Not So Uncorrelated After All, Says Morningstar
Bitcoin and other virtual currencies hew more closely to stocks in downdrafts, a study finds.
Regulation
Crypto Companies Charged in $44 Million Ponzi Scheme
The owners of EmpowerCoin, ECoinPlus and Jet-Coin face charges of wire fraud, money laundering and obstruction of justice, among others.
Risk
Rising Crypto-Equity Correlation Raises Bitcoin Stability Concerns
Am IMF report warns increasing crypto correlation with stocks limits its diversification benefits and increases volatility.
Manager Selection
Sean Bill, CIO of Santa Clara Valley Transportation Authority, to Retire in March
He will be taking a new position as chief investment officer of Bay Area private credit fund Prime Meridian Capital Management.
Asset Allocation
Byron Wien: Gold Price Will Hit Record This Year
The Wall Street sage issues a prediction for the metal among his 10 expected ‘surprises’ for 2022.
Regulation
Crypto Promoter Charged With Scamming Investors Out of Millions
The SEC alleges Ryan Ginster promised ‘astronomical’ returns of 8% per day.
Asset Allocation
Gold and Bitcoin, Seen as Opposites, Will Become Co-Equals, Says Market Savant
To Peter Boockvar, the two seeming rivals have a lot in common, and will ‘complement’ each other in time.
Alternatives
As COVID Recedes, Can Gold Maintain Its Lofty Level?
The commodity has been having a good month despite a recent report of low demand.
Market Moves
New ETF Portends Bitcoin Reaching $160,000, Says Strategist Tom Lee
The top cryptocurrency has had a fresh growth spurt, as news of the new fund spreads.
Alternatives
Whew, Crypto’s Correlation to Stocks Seems to Be Over
Bitcoin has been arm in arm with the S&P 500 for months, raising questions about its use as an alt.
Leader of Cryptocurrency Scam Targeting Doctors Pleads Guilty
The former UBS securities broker faces up to 20 years in prison for defrauding investors out of more than $30 million.
Asset Allocation
Job Posts Suggest Franklin Templeton Is Ramping Up Crypto Investing
The asset manager, which has over $1.55 trillion in AUM, is looking to hire a cryptocurrency trader and cryptocurrency analyst.
Asset Allocation
Richard Nixon Is the Father of Cryptocurrency, Says BTIG
The 37th president planted the seeds that grew into Bitcoin and its ilk today, the investment house explains.