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Canadian Billionaire Says Bitcoin Is Just Speculation

Canadian billionaire Frank Giustra has opined that Bitcoin, the leading cryptocurrency by market cap, is merely a speculative tool: “So far, despite its performance, Bitcoin has not proven it has the qualities of gold. That’s just a fact. It can aspire to be like gold, but that’s speculation. Enjoy the ride,” he said.  Giustra, a…

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Tokenized stocks could top $1T in market cap — Execs

Tokenized stocks are on track to exceed $1 trillion in market capitalization in the coming years as adoption accelerates, two industry executives said at the TokenizeThis conference in New York.  The total addressable market for tokenized stocks — a type of tokenized real-world asset (RWA) —  is difficult to project but is “definitely a bigger…

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Crypto Biz: Is the US Fed prepping the money printer?

The US Federal Reserve under Jerome Powell has developed a reputation for dragging its feet on implementing important policy changes. However, a top central banker has assured that the Fed is “absolutely” ready to do whatever it takes to avoid a financial crisis, whether triggered by the US-led trade war or other adverse developments. Although…

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