Bitcoin plummeted below the $9,000 mark on Thursday. This drop marks a two-month low for the cryptocurrency. Autonomous Partners Managing Director Arianna Simpson explains her bullish outlook on Bitcoin.
"This has happened time, and time again in the history for Bitcoin and the crypto market," said Simpson. "It's just a question of having patience and realizing that this downturn is to be expected and I'm sure it will rebound."
Bitcoin's decline on Thursday came after India's Minister of Finance raised concerns of banning the cryptocurrency. "Most of the regulation news that has caused dips in the past is something that lasts for a period of time, but then overall we've seen it be quite dovish in general," said Simpson.
Google's head of search testified at the company's trial Thursday as it started presenting its defense. The Justice Department in several states alleged that Google violated antitrust law to achieve its dominance in search.
California regulators have revoked the license of a robotaxi service owned by General Motors after determining its driverless cars that recently began transporting passengers throughout San Francisco are a dangerous menace.
