Want Bitcoin to Moon? You'd Better Start Buying Stocks – CCN.com
It seems like a lifetime ago that the Bitcoin price grazed the $20,000 mark in late 2017, and bulls have been pining for a new breakneck rally ever since. According to Fundstart Global Advisors co-founder Tom Lee, the catalyst for BTC’s march to a new all-time high could come from an unlikely place: the stock market.
Tom Lee: Bitcoin Needs the Stock Market to Stay in ‘Risk-On’ Mode
Lee theorizes that an interesting correlation has formed between the flagship cryptocurrency and equities. To illustrate that, he speculates that Bitcoin may actually become a “risk-on” asset once equities break into new territory.
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This week LeBron James, Bernie Sanders and countless other heavy hitters lent their support to a monumental bill in California that, if passed, could forever alter the business of collegiate athletics and the entire American sports landscape. SB 206 (also known as the Fair Pay to Play Act) would permit collegiate athletes in the state, which include schools like USC, UCLA, UC Berkeley and Stanford, to seek payment for use of their name, image or likeness.
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