Business
ASX sags as banks, CSL weigh; Energy firms soar on Saudi oil cut – The Sydney Morning Herald
The ASX 200 dropped as much as 0.6% at the open as US voters head to the polls for the Georgia Senate run-off. The energy firms were higher but the banks and CSL…
The currency has been firmly on the radar of traditional investors this year.
Bitcoin gained more than 300 per cent in 2020 and has added more than 50 per cent since crossing the $US20,000 mark for the first time about a fortnight ago, as more and more investors bet that the cryptocurrency is on its way to becoming a mainstream payment method.
However, many Australian fund managers remain sceptical of the nascent asset class, viewing Bitcoin as a gamble compared to traditional equities.
Simon Peters,…
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