The SEC has approved a five-year Innovation Exemption allowing platforms to facilitate tokenized stock trading on the blockchain, moving forward despite the failure of the Clarity Act in Congress.
Financial advisor Ric Edelman compared buying bitcoin today to investing in Amazon in 1999, predicting the cryptocurrency will reach $500,000 by 2030 based on a 1% global asset allocation model.
Peter Schiff argues the bond market broke in 2020, warns rising rates could crush Bitcoin, and debates tokenized gold versus cryptocurrency with Grace Remington and Sean Hagan.
Bitcoin prices stabilized after an expected Federal Reserve rate hike by the U.S. central bank, lifting the benchmark rate to between 3.75% and 4% amid ongoing inflation concerns.