Between December 22nd and 23rd, the, digital currency asset manager Grayscale added half a billion dollars to its investment products, the majority of which flowed into the Grayscale Bitcoin Trust (GBTC). At press time, Grayscale counts $16.4 billion in assets under management.
Grayscale has served as one of the
Scott Minerd, Chief Investment Officer of asset management and investment advisory firm Guggenheim Investments, believes Bitcoin is severely undervalued.
In a video published by Bloomberg TV on Wednesday, Minerd shared that the firm had "started allocating toward Bitcoin when Bitcoin was at $10,000," adding that he was
After a couple of days at consolidation around $29,000, Bitcoin passed $30,000 on January 2nd and climbed as far as $33,300, before retracing to the $31,000 range. This latest milestone puts the cryptocurrency 50% above its previous all-time high of $20,000. It also marks a
After a couple of days at consolidation around $29,000, Bitcoin passed $30,000 on January 2nd and climbed as far as $33,300, before retracing to the $31,000 range. This latest milestone puts the cryptocurrency 50% above its previous all-time high of $20,000. It also marks a
Between December 22nd and 23rd, the, digital currency asset manager Grayscale added half a billion dollars to its investment products, the majority of which flowed into the Grayscale Bitcoin Trust (GBTC). At press time, Grayscale counts $16.4 billion in assets under management.
Grayscale has served as one of the
Scott Minerd, Chief Investment Officer of asset management and investment advisory firm Guggenheim Investments, believes Bitcoin is severely undervalued.
In a video published by Bloomberg TV on Wednesday, Minerd shared that the firm had "started allocating toward Bitcoin when Bitcoin was at $10,000," adding that he was
As first noted by Grayscale Director Phil Bonello, MassMutual recently purchased $100 million worth of bitcoin. Assuming it bought the cryptocurrency at its current price of $18,150, that would mean the insurance company purchased 5,510 BTC.
MassMutual, also known as the Massachusetts Mutual Life Insurance Company, is a
Up until recently, Wall Street investor Ray Dalio had been known as a Bitcoin skeptic. That appears to be changing.
Dalio is the co-CIO of one of the world's largest investment funds, Bridgewater Associates. He is personally valued at $16.9 billion, according to Forbes.
In a Reddit
On the afternoon of December 4th, MicroStrategy CEO Michael Saylor announced that his company had purchased another $50 million worth of bitcoin, detailing that the company acquired 2,574 coins at an average price of $19,427 each. Bitcoin's current value sits at $19,000 as per Tradingview.
Billionaire hedge fund manager Paul Tudor Jones first made waves in the wider Bitcoin space in May this year when he revealed that one percent of his assets is allocated to Bitcoin, the emergence of which he described as the historic “birthing of a store of value.”
In an interview
According to Vimal Gor, head of bond, income, and defensive strategies of Australian investment manager Pendal Group, the asset manager now has "active positions in bitcoin futures."
Speaking to the Australian Financial Review, Gor said that the best way to play cryptocurrencies right now is Bitcoin. And at
