Tesla missed Wall Street’s fourth-quarter earnings estimates despite being helped by a gain in the company’s bitcoin holdings. Shares rose anyway in late trading as nothing really changed in the outlook for self-driving cars and new EV models designed to boost growth.

Either MicroStrategy’s Michael Saylor is a visionary, or he’s a delusional egomaniac,” Forbes observed in 1998, during the company’s first incarnation as a Wall Street highflyer.

Bitcoin’s four-year boom-bust cycle could be shaken up as Wall Street has a clearer path to adopt crypto after Donald Trump’s executive order, says Bitwise’s Matt Hougan.

Trump’s executive order fuels $1.9B in crypto inflows, reshaping Bitcoin’s cycle and paving the way for a potential $200K price surge in 2025.

After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets.

Bitcoin ( BTC 1.30%) had a phenomenal year in 2024. The cryptocurrency returned 119%, easily outperforming the 23% gain in the S&P 500 (SNPINDEX: ^GSPC), which itself is commonly seen as a barometer for the overall U.S. stock market. In fact, only five stocks in the S&P 500 created more wealth than Bitcoin last year.

Ethereum used to be seen as the most likely challenger to Bitcoin’s status as the preeminent cryptocurrency, and the one best positioned to make the blockchain a more useful technology.Most Read from BloombergWhat Happened to Hanging Out on the Street?

Electric vehicle manufacturer Tesla reported a $589 million gain from its Bitcoin holdings after an accounting rule change in the US.

Tether has undeniably played a pivotal role in bridging traditional finance with the digital currency world. However, its associations with illicit activities and concerns about transparency may pose systemic risks.

Ethererum was once a serious contender to challenge bitcoin’s status, but it’s struggled to keep up with the Trump-fuelled crypto rally.

Shares of Tesla, Inc. rose over 2% in premarket trading Thursday, recovering from a post-earnings dip after CEO Elon Musk shifted the narrative from a weak fourth quarter to a future dominated by autonomy,