Bitcoin’s meteoric rise is costing some investors billions
|08/12/2017||Posted by BusinessMediaguide.Com under General World News||
- Companies that make the semiconductors for cryptocurrency mining have been a hot-button topic in the investment world, with the fate of their stocks closely tied to the prices of bitcoin and ether
- Hedge fund Carlson Capital has a fund that’s lost 14.2% this year because of bad short wagers on Nvidia and Advanced Micro Devices
The meteoric rise of bitcoin is rippling through financial markets, and not everyone is enjoying the ride.
The scorching-hot cryptocurrency has tentacles that stretch into many different parts of the investment landscape, and some traders are finding out the hard way how much influence it can wield.
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