FACT News | Roxom Stocks

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FA

Mkt Cap

$261.5M

Volume

11.74K

Next Earnings

N/A

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If You Invested $1,000 In Bitcoin When Former Credit Suisse CEO Called It A Bubble, Here's How Much You'd Have NowThe leader of a prominent banking company offered some harsh criticism of Bitcoin (CRYPTO: BTC) in 2017. While criticism is nothing new, the person who made the comments at the time is generating interest in these comments made more than five years ago. What Happened: Swiss bank Credit Suisse AG (NYSE: CS) is among the banking giants that have struggled in recent months. The troubles eventually led to the bank being bought out by Swiss peer UBS Group AG (NYSE: UBS) at a discount. With several banks collapsing and questions about the banking industry, some experts have suggested investment in the leading cryptocurrency, Bitcoin. “Rich Dad, Poor Dad” author Robert Kiyosaki has told investors to buy gold, silver and Bitcoin with banks in trouble. The leader of one of the banks in trouble spoke out against Bitcoin in 2017, something fans of the cryptocurrency haven’t forgotten. Tidjane Thiam, the former CEO of Credit Suisse, called Bitcoin a bubble while speaking at a press conference on Nov. 2, 2017, CoinDesk reported. “From what we can identity, the only reason today to buy or sell Bitcoin is to make money, which ...Benzinga · Mar 21, 2023

Digital World Acquisition Corp Is By Far The Most Shorted SPAC: The Other Top SPACs Short Sellers Are TargetingDigital World Acquisition Corp (NASDAQ: DWAC) shares plunged 20.1% on Wednesday morning after Republican candidates endorsed by President Donald Trump performed poorly in Tuesday's midterm elections. Digital World shares are now down 56.8% overall year-to-date, and short sellers are betting aggressively on more downside ahead. The Numbers: As a whole, SPACs currently have $506 million in total short interest. S3 Partners analyst Ihor Dusaniwsky said Tuesday that SPAC short interest has increased by $10 million in the past 30 days, led by a surge in short interest for Freedom Acquisition I Corp (NYSE: FACT). Related Link: Occidental Petroleum Is The Most Shorted Stock In The Energy Sector: How Do Exxon Mobil And Chevron Compare? "SPAC short covering was also muted over the past thirty days, with no SPACs with more than $5 million of buy-to-covers," ...Full story available on Benzinga.comBenzinga · Nov 9, 2022

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