Business

Bitcoin is like 'digital gold' and won't be used the same as a traditional currency in at least 5 years, billionaire investor Mike Novogratz says

1 month ago   |   By Business Insider

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Bitcoin is a store of value, like "digital gold," and will unlikely be used as traditional currency for the next five years, the former Goldman Sachs partner and hedge fund manager Mike Novogratz told Bloomberg.
The Bitcoin bull expects the digital currency's price to keep rising as more people pile into the idea of adding it to their portfolios.
He expects several banks and credit-card companies to catch up to PayPal's recent decision to allow customers to transact in cryptocurrencies.
"It's no longer a debate if crypto is a thing, if Bitcoin is an asset, if the...
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The best Cyber Monday 2020 gaming deals include discounts on Xbox...

The best Cyber Monday 2020 gaming deals include discounts on Xbox controllers and new games like 'Assassin's Creed Valhalla'

Summary List Placement Cyber Monday 2020 gaming deals on Nintendo Switch, PlayStation, Xbox, and PC are now live. Despite low stock on consoles, Cyber Monday 2020 is delivering... Read more ...

Slack surges 7% on report that Salesforce takeover will be announced Tuesday...

Slack surges 7% on report that Salesforce takeover will be announced Tuesday afternoon at a premium

Summary List Placement Slack jumped as much as 7% on Monday after CNBC reported the company's deal with Salesforce will be announced after markets close on Tuesday. Salesforce... Read more ...

The Google Nest Hub smart display is $40 off for Cyber Monday 2020

The Google Nest Hub smart display is $40 off for Cyber Monday 2020

Summary List Placement The Google Nest Hub is on sale at retailers like Best Buy for $49.99, which is a 45% reduction on the regular price. You can check the weather, see a... Read more ...

Dow dips, but still on track for best month since 1987 amid vaccine progress

Dow dips, but still on track for best month since 1987 amid vaccine progress

Summary List Placement Stocks traded mostly lower on Monday in light trading. Despite the Dow Jones industrial average's decline, it's still on track for its best monthly gain... Read more ...

Cyber Monday AirPods deals are available now - save more than $50 on the...

Cyber Monday AirPods deals are available now - save more than $50 on the Apple AirPods and AirPods Pro

Summary List Placement Apple's AirPods are some of the most popular wireless earbuds in the world, and they're on sale for Cyber Monday 2020. Whether you're interested in... Read more ...

Nikola slips 17% after striking long-awaited deal with General Motors that...

Nikola slips 17% after striking long-awaited deal with General Motors that doesn't include crucial equity stake

Summary List Placement Nikola Corp. slipped 8% on Monday after it announced a long awaited deal with General Motors. The pair signed a memorandum of understanding that General... Read more ...

Moderna jumps 11% after filing for FDA approval as final results show its...

Moderna jumps 11% after filing for FDA approval as final results show its COVID-19 vaccine candidate is 94% effective

Summary List Placement Moderna jumped 11% on Monday after the company filed for US FDA approval of its coronavirus vaccine to be widely distributed. Studies conducted on 196... Read more ...

S&P Global is close to buying London-based financial data provider IHS...

S&P Global is close to buying London-based financial data provider IHS Markit for $44 billion, report says

Summary List Placement S&P Global is in advanced talks to buy IHS Markit for $44 billion, the Wall Street Journal reported. The mega deal would mark the largest transaction on... Read more ...

Apple was fined $12 million for misleading claims about how waterproof its...

Apple was fined $12 million for misleading claims about how waterproof its iPhones are

Summary List Placement Italy's competition regulator has hit Apple with a 10 million euro fine for making false claims about how waterproof its iPhones are. The Autorità... Read more ...

Best Cyber Monday Deals: Amazon, Walmart, Best Buy, Target and More

Best Cyber Monday Deals: Amazon, Walmart, Best Buy, Target and More

Summary List Placement Some of the best Cyber Monday deals of 2020 only last for a few hours, so it's smart to jump on a good discount whenever you see them - and we're here to... Read more ...