Best trades on CNBC Wednesday: Cathie Wood on Bitcoin, Zoom Video and Tesla

A summary of Wednesday’s top stock picks on CNBC.

El Salvador plans ‘Bitcoin City’, raise $1 billion via ‘Bitcoin Bond’

El Salvador’s President, Nayib Bukele, points during his speech at the closing ceremony of the Latin Bitcoin Conference (LaBitConf) in Mezata Beach, El Salvador, where he proclaimed the “Bitcoin City”, on November 20, 2021. Marvin Recinos | AFP | Getty Images El Salvador’s President Nayib Bukele announced Saturday that El Salvador is planning to build … Read more

Singapore central bank MAS calls out crypto risks, speculative swings

The Monetary Authority of Singapore (MAS) banners are displayed outside the headquarters of the Central Bank of Singapore. Sam Kang Lee | Bloomberg | Getty Images SINGAPORE – Singapore’s central bank and financial regulator on Tuesday warned of “sharp speculative volatility” and potential risks for retail investors putting money into cryptocurrencies. Speaking to those who … Read more

Digital Currency Group sees $10 billion valuation as SoftBank, Google invest

Barry Silbert, Founder and CEO of Cryptocurrency Group David A. Grosjean | CNBC Digital Currency Group is selling shares to SoftBank and Google’s venture capital arm in a deal that values ​​the cryptocurrency conglomerate at more than $10 billion. The Manhattan-based private company announced a secondary round on Monday, in which existing investors will sell … Read more

CoinList CEO sees bitcoin hitting $100,000 by the start of next year

Representations of the virtual currency Bitcoin are placed on US dollar banknotes in this illustration taken on May 26, 2020. given by ruvich | Reuters The head of a new and fast-growing cryptocurrency offering platform sees Bitcoin reaching $100,000 by the beginning of next year. CoinList CEO Graham Jenkin is bullish on the cryptocurrency, which … Read more

Bitcoin bull Mark Yusko sees trouble at $60,000, says it’s overbought

Bitcoin bull is under watch. Mark Yusko, a hedge fund manager, believes that investors will profit from the sharp rise in the cryptocurrency over the past few weeks. “There are a lot of people who think we can hit $100,000 by the end of the year. The stock-flow model says we should,” Morgan Creek Capital … Read more

SEC is set to allow bitcoin futures ETFs to begin trading

In a massive victory for the crypto industry, the US Securities and Exchange Commission is set to allow the first bitcoin futures trading funds to trade in the US next week, CNBC reported Friday. Sources familiar with the matter told CNBC that the Securities and Exchange Commission (SEC) is unlikely to block futures-based bitcoin ETFs … Read more