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Bitcoin News Roundup for Dec. 9, 2020

With bitcoin dropping more than $1,000 in overnight trading and more positive comments from the head of the world's largest hedge fund, CoinDesk's Market's Daily is back with another crypto news roundup.

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With bitcoin dropping more than $1,000 in overnight trading and more positive comments from the head of the world's largest hedge fund, CoinDesk's Market's Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Stories:

A Wells Fargo unit doesn't recommend bitcoin to clients because they can't yet hold cryptocurrency in their accounts. What if that changed?

The founder of the world's largest hedge fund says bitcoin can be part of a diversified portfolio, though he may still prefer gold.

Bitwise has launched the first crypto index fund available to investors in the U.S.

MicroStrategy was trading sharply lower Tuesday after a Citi analyst changed his rating to "sell."