The weekend reads: after the terrible bitcoin week, where will it go next?

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The price of Bitcoin has more than doubled at one point in 2021:

FactSet

Then again, the ProShares Bitcoin Strategy ETF was the worst performing exchange-traded fund selected by ETF Wrap for a week until November 18, while virtual currency plunged 13%.

As you can see from the chart, even for (another) amazing year for bitcoin, this type of withdrawal is typical and even slight.

Cathie Wood, CEO of Ark Investment Management, isn’t put off by a drop in bitcoin – she expects cryptocurrency to climb to $ 500,000 within five years. It closed at $ 56,790 on November 18.

More from Cathie Wood

Wood told Barron’s (sister publication of MarketWatch) that she was negative about Ford Motor Co. and General Motors Co., even though mainstream automakers are determined to make a complete transition to electric vehicles, because “they don’t have the DNA for this brave new world. “

Read on: ‘As long as we don’t fall into a recession’ we’re in a long bull market, says ARK Invest’s Cathie Wood

A failed bitcoin IPO

Investors who jump on an initial public offering expect (or hope) to kill instantly, especially if the company selling the shares is tied to a transformative trend. But after Australian bitcoin miner Iris Energy Ltd. valued its stock at $ 28, the stock fell 13% on its first day of trading on Nov. 17 to $ 23.40. Tomi Kilgore explains the numbers that may have fueled the backlash from Wall Street.

More bitcoin and cryptocurrency coverage Terrence Horan, Dow Jones

Frances Yue writes the Distributed Ledger column. This week, she explains why the decline in virtual currencies is linked to infrastructure legislation signed by President Joe Biden.

Bitcoin and associated coverage:

“One of the dumbest ideas I’ve heard in a long time,” Robinhood CLO castigates crypto regulator Coinbase’s proposal Want to get into crypto investing? First ask yourself these 3 questions Cybersecurity actions

Business spending on cybersecurity is expected to grow at double the overall rate of IT spending. Jeff Reeves lists six actions to play this critically important trend.

Plus: 4 Stock Choices for a Five-Star Fund Manager’s Post-Pandemic ‘Nest’ Economy

The real story of the truck driver ‘shortage’ Getty Images

One of the reasons for the supply shortage affecting so many industries is that trucking companies are struggling to hire enough drivers. A group of congressmen want to solve this problem by spending money to train more drivers. But there are a lot of qualified drivers who have left the industry. Victor Reklaitis shares figures that highlight the real problem underlying the shortage of truck drivers.

Selection of actions: these companies should benefit from efforts to improve the environment

In the wake of the COP26 environmental conference in Scotland, Michael Brush speaks to fund managers who recommend semiconductor stocks related to energy efficiency and water conservation.

Read more about Michael Brush: This fund company was one of the first to believe in Tesla – it’s now making these bets

Medical scandal Travis Paulson of Eveleth, Minn., Examines the insulin-based medications he keeps in his refrigerator. Agence France Presse / Getty Images

When you buy doctor-prescribed drugs, the costs of the manufacturer, distributor, and retailer are all factored in. But it might surprise and scandalize you how much the cost of insulin falls on the middlemen.

For you or your loved ones during the holidays: books on money

Everyone makes mistakes with money – they result from the way our brains are wired. But successful fund managers employ strategies to help them benefit from group thinking, while limiting the downsides. Howard Gold shares five books that can help change the way you think about money and investing.

Thanksgiving is approaching – you better be careful. Photo illustration MarketWatch / iStockphoto

Kristine Nolin explains the particular danger of mixing a frozen turkey with hot oil.

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