Bitcoin News Roundup for Dec. 9, 2020

With bitcoin dropping more than $1,000 in overnight trading and more positive comments from the head of the world's largest hedge fund, CoinDesk's Market's Daily is back with another crypto news roundup.

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ABOUT

With bitcoin dropping more than $1,000 in overnight trading and more positive comments from the head of the world's largest hedge fund, CoinDesk's Market's Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Stories:

First Mover: Why Wells Fargo Won't Recommend Bitcoin to Clients

A Wells Fargo unit doesn't recommend bitcoin to clients because they can't yet hold cryptocurrency in their accounts. What if that changed?

Bridgewater's Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors' Portfolios

The founder of the world's largest hedge fund says bitcoin can be part of a diversified portfolio, though he may still prefer gold.

Bitwise's Crypto Index Fund Becomes Available To US Investors

Bitwise has launched the first crypto index fund available to investors in the U.S.

Citi Analyst Chides Saylor's Bitcoin Focus, Cuts MicroStrategy to 'Sell'

MicroStrategy was trading sharply lower Tuesday after a Citi analyst changed his rating to "sell."

HOST

Adam B. Levine

Adam B. Levine joined CoinDesk in 2019 as the editor of its new audio and podcasts division. Previously, Adam founded the long-running Let's Talk Bitcoin! talk show with co-hosts Stephanie Murphy and Andreas M. Antonopoulos.

Finding early success with the show, Adam transformed the podcast's homepage into a full newsdesk and publishing platform, founding the LTB Network in January of 2014 to help broaden the conversation with new and different perspectives. In the Spring of that year, he would go on to launch the first and largest tokenized rewards program for creators and their audience. In what many have called an early influential version of "Steemit"; LTBCOIN, which was awarded to both content creators and members of the audience for participation was distributed until the LTBN was acquired by BTC, Inc. in January of 2017.

With the network launched and growing, in late 2014 Adam turned his attention to the practical challenges of administering the tokenized program and founded Tokenly, Inc. There, he led the development of early tokenized vending machines with Swapbot, tokenized identity solution Tokenpass, e-commerce with TokenMarkets.com and media with Token.fm. Adam owns some BTC, ETH and small positions in a number of other tokens.