With BTC retreating from its eight-day streak of gains and MicroStrategy's most recent bitcoin splurge, CoinDesk’s Market’s Daily is back with another crypto news roundup.
This episode is sponsored by Crypto.com and Nexo.io.
Today's stories:
MicroStrategy Splurges Another $650M in Latest Bitcoin Investment
MicroStrategy is transforming itself into corporate America's boldest bitcoin bull, now owning bitcoin worth over $1.596 billion.
Bitcoin Is a Hedge Against Inflation, but It's Also a Hedge Against 'Crazy'
For many, bitcoin is hedge against inflation. But it's also a safety play for a world where old ideas about economics are up in the air.
A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan
Digital asset investment firm and CoinDesk sister company Grayscale is sucking up so much bitcoin it could sway prices.
