Bitcoin News Roundup for Dec. 21, 2020

With BTC retreating from its eight-day streak of gains and MicroStrategy's most recent bitcoin splurge, CoinDesk’s Market’s Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com and Nexo.io. Today's stories: MicroStrategy Splurges Another $650M in Latest Bitcoin Investment  MicroStrategy is transforming itself into corporate America's boldest bitcoin bull, now owning bitcoin worth over $1.596 billion. Bitcoin Is a Hedge Against Inflation, but It's Also a Hedge Against 'Crazy' For many, bitcoin is hedge against inflation. But it's also a safety play for a world where old ideas about economics are up in the air. A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan  Digital asset investment firm Grayscale is sucking up so much bitcoin it could sway prices. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.