Another big name may be entering the cryptocurrency scene.
Carl Icahn is reportedly interested in getting into cryptocurrency.
The 85-year-old activist investor told Bloomberg TV that he hasn’t bought cryptocurrencies yet, but he studies Bitcoin, Ethereum and the crypto sector to see where the opportunities are.
PayPal first announced its users would be able to buy and sell Bitcoin and other cryptocurrencies on the platform in October.
The news came out of Coindesk’s Consensus 2021 conference on Wednesday.
Cryptocurrency and videogaming helped to power Nvidia to record earnings.
The company’s chips perform artificial-intelligence calculations and mining cryptocurrencies, according to the Wall Street Journal.
Nvidia’s bet on cryptocurrency-mining has been volatile. The company suffered its worst quarterly revenue decline in almost a decade in its fiscal fourth quarter two years ago after cryptocurrency prices fell, making mining unprofitable.