RATE Group | First Mover: Bitcoin’s 2020 Rally Sends Message to Capitalists as Despair on Wall Street…
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First Mover: Bitcoin’s 2020 Rally Sends Message to Capitalists as Despair on Wall Street…

19 May First Mover: Bitcoin’s 2020 Rally Sends Message to Capitalists as Despair on Wall Street…

Posted at 03:45h in Bitcoin News by

Bitcoin’s rally last week as the Standard & Poor’s 500 Index of U.S. stocks floundered served to underscore just how different the conversations are right now in digital asset markets and traditional finance.

As high-profile investors including Stanley Druckenmiller and David Tepper were warning of looming bankruptcies, overvalued stocks and the increasingly distant chances of a rapid economic recovery, bitcoiners celebrated the cryptocurrency’s third halving and held spirited discussions on the future of money during a virtual New York Blockchain Week. 

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Bitcoin trading volumes are averaging their highest levels since last July,…

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