Payment Giants Slide on Stablecoin Buzz—Is Now the Time to Buy?

Every economic cycle brings about a popularity contest that many legendary investors discuss. The short-term behavior of financial markets often gravitates toward what’s popular and trending among various investment circles, and that usually spreads to the most unexpected areas, including industries and companies themselves. Today, it seems that the world of cryptocurrencies has taken that path, with companies now holding Bitcoin in their balance sheets as part of a completely unrelated strategy relative to ...