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Crypto Traders Hit Hard; Bitcoin Down Around 30% From Oct. High
Retail investors who piled into Michael Saylor’s grand Bitcoin experiment are paying a heavy price. Strategy Inc. — the company once hailed for wrapping crypto exposure into a public stock — is scrambling to calm markets after its shares plunged more than 60% from recent highs, amid a sweeping digital-currency rout. On Monday, Strategy said it had created a $1.4 billion reserve to fund dividend and interest payments, hoping to calm fears that it may be forced to sell Bitcoin if prices fall further. Today's guests: Grace Peters, JPM Private Bank, Co-Head of Global Investment Strategy; Dan Wang, Author ...
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