With bitcoin hovering around $32K for a fourth straight day and top Ivy League universities said to be accumulating crypto, CoinDesk’s Market’s Daily is back with the latest news roundup.
The brain trust has blessed cryptocurrencies, with endowments for Harvard and other universities reportedly lapping up digital assets. For bitcoin marketeers, it's a new $600B money pot.
"With the U.S. increasingly reliant on foreign capital to compensate for its growing shortfall of domestic saving and with the [Federal Reserve's] open-ended quantitative easing measures creating a massive overhang of excess liquidity, the case for a sharp further weakening of the dollar looks more compelling than ever," former Morgan Stanley Chief Economist Stephen Roach writes in op-ed. (Bloomberg Opinion)