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2/23, 3:00 PM (Source: TeleTrader)
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Bitcoin could 'subsume' gold's market cap - MicroStrategy CEO

Michael Saylor, co-founder and CEO of business intelligence company MicroStrategy predicted on Tuesday that Bitcoin could "subsume" the entire market cap of gold.

MicroStrategy currently holds more than 70,000 Bitcoins after it bought more than 300 in January.

After having surpassed the $58,000 threshold during the weekend, Bitcoin turned to losses during the past two days. The world's most well-known cryptocurrency dropped 10.09% over the past 24-hour period to sell for $48,606.21 at 8:57 am ET.

Breaking the News / BU