Bitcoin and cryptocurrency speculation has exploded this year as finance apps roll out crypto support and stimulus cash floods in.
The bitcoin price has soared along with so-called meme stocks Tesla, Gamestop and AMC through 2021, though the likes of Facebook have also surged as investors pile into technology companies.
In the aftermath of trading restrictions being placed on certain stocks in an attempt to calm markets, “hundreds of millions of dollars” flowed into meme-based cryptocurrency dogecoin, according to the billionaire chief executive of crypto exchange FTX—who has predicted a “convergence” between “crypto and the mainstream.”
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