This week’s price movements for bitcoin (BTC), gold, and our stock picks, Shopify, Mastercard, and GameStop.
Bitcoin had another rocky week, but not quite as tumultuous as the one prior. By May 27, it had reached back above $40,000, only to tumble back down over the course of the next two days.
Bitcoin (BTC) is rebounding despite the ongoing Grayscale Bitcoin Trust (GBTC) unlocking events — and most shares are already released.
According to data from tracking resource Bybt, the remaining unlockings combined involve fewer shares than those which were released on just one day last weekend.
The United States Internal Revenue Service has been hunting crypto vigorously for more than five years now, and the pace is getting faster. A couple of decades ago, the IRS was after offshore accounts, and that effort was among the most successful in the IRS’ history.