Elon Musk may soon become the first person with a net worth of $300 billion. The Tesla CEO and world’s richest man added more than $36 billion to his fortune on Monday after the automaker’s shares spiked 12.7% following the announcement that Hertz is ordering 100,000 vehicles to build out its electric vehicle rental fleet by the end of 2022.
Bitcoin had a solid start to 2021, hitting an all-time high of nearly $65,000 in April. But the digital coin closed out the first half of the year down about 47% from its record — and a number of looming risks could result in further pain ahead. While proponents appear to be holding onto bitcoin for now, other investors are wary about wild volatility in the market and what it means for their portfolios.