Business
Profit-booking prevents bitcoin’s tryst with $US50,000 – The Australian Financial Review
After long being shunned by traditional financial firms, bitcoin and other virtual currencies appear to be increasingly entering the mainstream.
The institutional side and corporate America is showing that this movement is not going away any time soon, said Edward Moya, senior market strategist at OANDA. Theres still a raft of big money thats going to jump onto this bandwagon.
Mayor Francis Suarez of Miami also said on Friday the Florida city was seeking to embrace bitcoin in its operations, a move that could bring dividends in terms of attracting technology companies.
In January, BlackRock, the worlds largest asset manager, added bitcoin…
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