Tesla drove another bitcoin rally by purchasing some of the cryptocurrency. The bitcoin rally has slowed now since Tesla’s purchase, although the price remains above $40,000. Tesla CEO Elon Musk appears to have gotten the idea to buy bitcoin from MicroStrategy Chairman and CEO Michael Saylor.
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Q4 2020 hedge fund letters, conferences and more
Tesla drives bitcoin rally after buying
Tesla's bitcoin purchase triggered a rally that saw the price approach $50,000 as many investors saw it as moving the cryptocurrency into the mainstream. On Monday, the bitcoin price jumped 20% after Tesla revealed in a regulatory filing that it had invested $1.5 billion in the cryptocurrency.
Black Bear Value Fund January 2021 Update
Black Bear Value Fund performance update for the month ended January 31, 2021. Q4 2020 hedge fund letters, conferences and more Dear Partners and Friends, Black Bear Value Fund, LP (the “Fund”) returned +1.1%, net, in January. The HFRI returned +0.7% in January. The S&P 500 returned -1.0% in January. Statements should be arriving by
