Rebecca Patterson, the director of investment research at Bridgewater Associates, said bitcoin could be better compared to gold than a currency due to the similarities between both assets, thus, supporting …
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Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has begun investing in bitcoin. Having previously called the cryptocurrency “garbage,” he has now changed his mind and believes that cryptocurrencies are …
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Dubai crypto fund sells $ 750,000,000 in Bitcoin To Buy Two Altcoins
A crypto investment firm with $1 billion in assets under management is selling Bitcoin to boost its position in two of the largest altcoins by market cap. Managing director Prakash …
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Institutions & miners to accumulate through Bitcoin chop. Whales uncertain
After a violent price reversal last week that saw Bitcoin retreat from all-time highs, traders and analysts are now eyeing major players and investors to gauge BTC’s next move — …
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South Korean Government Will Levy Taxes On Bitcoin Capital Gains Starting 2022
According to South Korea’s amended income tax law, cryptocurrency investors will pay 20 percent tax on profits from digital currencies. As cryptocurrencies continue to pick up steam and encompass the …
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Square CFO: 1 Million Cash App Users Purchased BTC for the First Time
Square, Inc.’s chief financial officer Amrita Ahuja said the company’s popular Cash App product recorded a record number of first-time bitcoin buyers in January. Speaking in an interview with CNBC on Wednesday, …
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Bill Gates on Bitcoin: If you have less money than Elon, beware of it
Over the recent months, Bitcoin has made significant strides towards becoming a mainstream asset, mostly inspired by institutional investors. Tesla’s (NASDAQ: TSLA) $1.5 billion investment in the digital currency largely inspired the new …
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JPMorgan to advise clients to expose 1% of their portfolio to Bitcoin
In a recent note to clients, strategists from JPMorgan suggested a one percent portfolio allocation to Bitcoin and other cryptocurrencies. As reported by Bloomberg, JPM strategists Joyce Chang and Amy Ho opined …
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Bitcoin price ‘macro top’? Not so fast
Bitcoin (BTC) bears thinking that $58,000 was this cycle’s top will be sorely disappointed, fresh investment data from past bull markets shows. Compiled by on-chain analytics resource Whalemap, statistics covering BTC …
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Dubai Fund Sells $ 750 Million Bitcoin To Buy Cardano & Polkadot
Dubai-based crypto fund FD7 Ventures will sell over $750 million worth of Bitcoin in the next month to purchase Cardano and Polkadot instead, it said in a release on Thursday. Both blockchains are high-speed networks that …
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