It’s Crypto Bubble Vs Buffett’sOld Economy: Markets Daily

The speculative fervor triggered by Trump’s victory is cooling quickly: The S&P 500 has given up a third of its post-election gain and is down for the week, while the Nasdaq 100 Index is on a four-day losing streak. It’s a different story in the newfangled world of crypto. While Bitcoin has pulled back from Wednesday’s all-time high, it’s still up almost 30% since the presidential vote.

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