Markets

By CCN.com: On May 17, within minutes, the bitcoin price plummeted from around $7,800 to $6,400 in a flash crash, recording an unexpected 18 percent drop.The bitcoin price briefly plunges to $6,400, recovers swiftly (source: coinmarketcap.com)The sudden decline in the bitcoin price led the valuation of the crypto market to plunge from $257 billion to $225 billion, by more than $32 billion in less than 24 hours.What triggered the sudden bitcoin price drop?According to researchers and investors...

You could say Warren Buffett is loaded for bear. The “Oracle of Omaha” says he’d like to make permanent investments in U.S. companies with decent long term prospects, but not while the U.S. stock market is so overpriced. Maybe he should buy Bitcoin instead.Buffett Pines for ‘Elephant-Sized’ AcquisitionIn his 2019 annual letter to Berkshire shareholders, Buffett wrote:“In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own. The...