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.

Michael Saylor is everywhere, and now he’s on the cover of Forbes in an issue released Jan. 30. The 59-year-old CEO of MicroStrategy was pictured grinning under the bold title, “The Bitcoin Alchemist,

After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets.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

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

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?

XRP continued its consolidation within a bullish pennant as it’s looking to break the pattern's upper boundary resistance. If XRP can break the resistance and hold it as a support, it could rally 27% to set a new all-time high at $4.10. However, it also has to overcome its all-time high resistance at $3.55 for such a move to materialize.

Brian Dixon, CEO of Off the Chain Capital, says Bitcoin is “undervalued” as regulatory momentum shifts under the new administration.

$BEST is the upcoming utility token of Best Wallet, the Swiss army knife of cryptocurrency wallets. You can find it on both Google Play and the Apple App Store.

Standard Chartered placed its forecast for bitcoin at $200,000 for the end of 2025, while global investment manager VanEck believes the first quarter of the year might see bitcoin reaching a high of $180,000. Others like Bernstein estimate that the world’s largest cryptocurrency will scale $200,000 later this year.