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.
The U.S. State Department on Thursday issued a warning that China is capable of cyber attacks targeting critical infrastructure such as rail systems and oil and gas pipelines.
Shares of Nvidia, already one of the world's most valuable companies, skyrocketed Thursday after the chipmaker forecast a huge jump in revenue, signaling how vastly the broadening use of artificial intelligence could reshape the tech sector.
