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.
German carmaker Volkswagen said it plans to introduce 25 new electric vehicle models through 2030. As that roll out begins in earnest, Pablo Di Si, president and CEO of Volkswagen Group of America, provided Cheddar News with a breakdown of what consumers can expect from the line-up.
A federal appeals court has ruled that a 2018 Twitter post by Tesla CEO Elon Musk unlawfully threatened Tesla employees with the loss of stock options if they decided to be represented by a union.
