Bitcoin News Roundup for Nov. 9, 2020

With little technical resistance standing between BTC and new all time highs, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

Bitcoin's Weekly Close Above 2019 High Leaves Runway Clear to $20K 

Bitcoin has closed above last year's high, toppling a final technical barrier on the road to a potential new all-time high.

Veteran Investor Bill Miller Says Every Major Investment Bank Will Own Bitcoin or Something Like It

Following bitcoin purchases by MicroStrategy and Square, Miller said every major investment bank and high-net-worth firm will eventually have exposure to bitcoin or commodities like gold. 

Family Offices May Now See Bitcoin as Alternative to Gold: JPMorgan Report

In a research report by JPMorgan’s global markets team, analysts noted that Grayscale Bitcoin Trust’s flow trajectory outperformed gold ETFs.

Crypto Lender Cred Files for Bankruptcy After Losing Funds in Fraud

In October, the lender published a cryptic letter saying it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.”