Bitcoin touched the highest level since mid-June after Donald Trump expanded his pro-crypto agenda and as expectations for U.S. Federal Reserve interest-rate cuts bolstered investor sentiment.
John Wilson, co-CEO, managing partner and senior portfolio manager at Ninepoint Partners, joins BNN Bloomberg to discuss investing methodology for the 2nd half of 2024.
The largest digital asset rose as much as 2.6 per cent on Monday and changed hands at US$69,462 as of 11:40 a.m. in Singapore. Smaller tokens such as Ether, Solana and meme-crowd favorite Dogecoin also pushed higher. Trump also said that he will order the U.S. government to refrain from selling crypto seized in criminal cases and instead use the tokens as the basis for what he called a strategic Bitcoin stockpile.
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