Bitcoin Excitement Extends To Stocks; Now It's Time For MicroStrategy Longs To Add Some Downside Protection
Pseudonymous cartoonist "Stonetoss" on Bitcoin volatility. Haven't we been here before? Bitcoin rallies on a Sunday after some rumor about wider adoption or some other catalyst, and then bounces off the top of its range on Monday. This time, the rumor was about Amazon, Inc. (NASDAQ:AMZN) accepting bitcoin for purchases, a claim Amazon denied on Monday.