Wall Street veterans from Paul Tudor Jones to Stanley Druckenmiller blessed it as an alternative asset, adding to the rally. And companies like MicroStrategy Inc. and Square Inc. moved cash reserves into crypto in search of better returns than near-zero interest rates deliver. But with Bitcoin capturing greater attention, it could also garner further scrutiny from regulators, says Guy Hirsch, managing director for the U.S. at online-trading platform eToro. But it’s surged more than 300% in 2020 and many investors say it could continue to gain next year. Going forward, many strategists and investors say, the industry could see more scrutiny and tighter regulation with Biden in the White House.

Source: Mint December 27, 2020 15:11 UTC