“I know starting more or less next week, you’re going to see an absolute drumbeat of pretty game-changing milestones from some of these firms.” — Stone Ridge co-founder We are on the brink of Bitcoin’s mass adoption, says the CEO of Bitcoin investment firm NYDIG Robby Gutmann. Gutmann, also the co-founder of $10B asset manager…
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Investors should reduce dollar exposure, the billionaire says, as MicroStrategy’s Saylor describes Bitcoin as the “obvious solution.” The United States and other countries could “impose prohibitions” on Bitcoin (BTC) as part of “shocking” tax changes, investor Ray Dalio has warned. In his latest article on LinkedIn, Dalio, a recent convert to Bitcoin as an investment…
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People who invested their first stimulus check into Bitcoin in April 2020, would now have more than $10,000. A Twitter account named “$1200 Stimulus Is Now Worth” has been tracking how much the first US $1200 stimulus would be worth if you invested in Bitcoin when the funds were sent out from April 15, 2020.…
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Another domino falls in crypto’s institutional takeover According to a report from Bloomberg news this morning, Morgan Stanley is the latest major financial institution to consider an investment in Bitcoin. Citing “people with knowledge of the matter,” the report says that Cointerpoint Global, a subsidiary of Morgan Stanley Investment Management with $150 billion in assets…
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Tesla’s stock fell 7% following its announcement that it invested $1.5 billion of its cash reserves in the cryptocurrency. Electric car manufacturer Tesla has seen more than $55 billion wiped from its market cap since announcing the purchase of $1.5 billion in Bitcoin four days ago — but Twitter and MasterCard have headed in the…
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The Bitcoin-to-gold price ratio could shoot to 100x with the digital asset’s volatility possibly dropping to gold levels by 2024. Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone. By 2024, he believes its volatility could…
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The recent Bitcoin rally is driving crowds of new retail investors to crypto markets, and the Main Street itself deserves the credit. One of the tropes that observers commonly invoke to explain the forces behind the crypto markets’ surge at the end of 2020 and in early 2021 is that the process has been mainly…
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Mystery filings using Grayscale’s name suggest the multi-billion dollar firm may be looking to expand the number of Trusts. Grayscale Investments could be set to launch a raft of new products including a Chainlink Trust, if freshly unearthed filings are to be believed. According to the State of Delaware’s Division of Corporations, someone set up…
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As Bitcoin’s impressive run continues, it would not be surprising to see crypto FOMO reach institutional investors as well. With the crypto sector currently riding a wave of bullish sentiment, as demonstrated by Bitcoin (BTC) passing its all-time high value of $19,892 at the start of the month, causal as well as institutional investors all…
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“I think a new investor could put 5% into Bitcoin. Bitcoin’s not going back to zero.” Galaxy Digital founder and CEO Mike Novogratz is encouraging investors to devote a larger percentage of their portfolios to crypto. In an interview with CNN’s Julia Chatterley today, Novogratz said he had “changed his tune” on previous advice that…
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