Elon Musk called Bitcoin a “physics-based currency” tied to energy and suggested that advances in AI and robotics could eventually make money obsolete.
A Hong Kong man was sentenced to seven years in Canada for participating in a violent, sexually abusive home invasion that stole $1.6 million in Bitcoin from a British Columbia family.
Bitcoin price rebounded to $86,000 after lows of $80,915 last week. Deutsche Bank, Anthony Popliano and Fed Governor Christopher Waller all added some nuance to the recent volatility.
Billionaire investor Ray Dalio reaffirmed his cautious view on Bitcoin, saying he’s held only about 1% of his portfolio in BTC for years due to what he sees as structural hurdles limiting its viability.
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