$108,893.00
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6.22%$433.92
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0.90%$2.80
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0.34%$0.95584
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-2.77%Reading
Ron Baron, founder of investment management firm Baron Capital, said he still doesn’t get Bitcoin, describing it as a speculative investment.
“We don’t invest in Bitcoin, we don’t invest in gold. We invest in growth stocks,” Baron said during an interview with CNBC’s Squawk Box, adding, “I’m a relatively sophisticated investor and I still don’t get it. It’s a speculative investment.”
"We don't invest in #bitcoin, we don't invest in gold. We invest in growth stocks," says Ron Baron. "I'm a relatively sophisticated investor and I still don't get it. It's a speculative investment." #btc pic.twitter.com/pARieIiWPa
— Squawk Box (@SquawkCNBC) March 4, 2021
Rather than Bitcoin or gold, Baron said the investment management firm helps clients invest in growth stocks to help afford life events, pay for their children’s education, and for general long term growth.
Baron Capital is an investment management firm that focuses on long term growth. The firm helps clients take a long term approach to investing by offering growth equity investments options.
PayPal is riding high. The company posted blowout fourth quarter 2020 financial results last month thanks to spectacular growth in its core app and Venmo unit, and from the success of its new buy-now-pay-later service. The firm is expecting an even bigger 2021 as the pandemic leads more consumers to embrace e-commerce and to turn away from cash altogether. None of this means that CEO Dan Schulman is resting easy, however. In an exclusive interview with Decrypt, Schulman explained how PayPal is r...
Baron Capital holds more than 7 million shares of Tesla, which, contrary to Baron’s own position, is extremely bullish on Bitcoin. Last month, Tesla invested a whopping $1.5 billion into the cryptocurrency. Tesla CEO Elon Musk has been a big advocate for Bitcoin for some time now, and previously caused a crypto Twitter storm when he updated his Twitter bio to Bitcoin.
But that’s not the only connection Baron has to Bitcoin. During the interview with CNBC, he added that one of his doormen invested $800 dollars into Bitcoin about two or three years ago. Baron added that investment grew to $23,000 before falling to $15,000, at which point Baron suggested the doorman sell his Bitcoin to buy Tesla shares—although he bought a Tesla car instead.
WalletConnect Token (WCT) is launching on Solana, with 5 million WCT set to be airdropped to the blockchain's active users. The launch of WCT as a multichain token aims to open WalletConnect to new users and liquidity, and applications throughout the Solana ecosystem. $WCT is coming to Solana! Powered by @wormhole NTT. To kick off this next chapter, WalletConnect is partnering with @phantom, @jup_dao, @Backpack and @solflare 👀 This is just the beginning. More details coming soon. pic.twitter.c...
The majority of TRUMP meme coin holders that earned VIP status for President Trump’s exclusive gala dinner held none of the tokens in those wallets by the time they arrived for dinner at Trump National Golf Course on Thursday night. On-chain data gathered from Solana block explorer Solscan shows that just eight of the top 25 VIPs maintain a balance of the president’s official Solana meme coin the day after the dinner, with the bulk of registered addresses having transferred tokens to centralize...
More than a hundred protestors gathered Thursday outside Trump National Golf Club in Sterling, Virginia, as President Donald Trump hosted a controversial private dinner for top holders of his meme cryptocurrency, $TRUMP. Demonstrators waved placards reading "Stop Crypto Corruption" and chanted "Shame!" as the president arrived. One group hoisted a giant golden coin bearing Trump’s scowling face, drawing attention to what they labeled a "Grift Gala". The protest was coordinated by advocacy groups...
