Wells Fargo report labels Bitcoin as speculative investment which is a 180 from when they were anti crypto a few years back. JPMorgan says Gold will suffer for years because of Bitcoin as Gold ETFs are bleeding cash while Bitcoin funds absorb flows. Bitwise Asset Management, a provider of cryptocurrency index funds to professional investors, announced Wednesday its 10 Crypto Index Fund is now available to U.S. investors as a public-traded cryptocurrency index fund. Business intelligence software company MicroStrategy has announced it is offering $550 million worth of convertible senior notes and intends to use the net proceeds to buy bitcoin.

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