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 …
MoreTag: BTC
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 …
More
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 …
More
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 …
More
Bitcoin and Gold Serve Different Roles in a Portfolio
Both bitcoin and gold have a specific role to play in investors’ portfolios and, as such, bitcoin won’t take over gold’s market capitalization, nor will gold make the flagship cryptocurrency …
More
Crypto investment firm Arca files with SEC to set up a Bitcoin trust
Crypto investment firm Arca is moving ahead with plans to create a bitcoin trust, according to a Thursday filing published by the U.S. Securities and Exchange Commission (SEC). Arca’s trust would join …
More
Bitcoin Exchange Coinbase goes public. What does this mean for BTC / USD?
It is official. Bitcoin exchange Coinbase is going to become a public-traded firm. The US Securities and Exchange Commission (SEC) released Coinbase’s S-1 filing on Thursday, signaling that it has approved the …
More
Bill Gates argues that Bitcoin is bad for climate
During a Clubhouse interview with CNBC’s Andrew Ross Sorkin, Microsoft co-founder Bill Gates slammed Bitcoin for its excessive energy use, arguing that it consumes more electricity than “any other method known to mankind.” …
More
Five Signs That Say Altcoin Season Hasn’t Even Started Yet
Bitcoin has been trading at $50,000 and higher, reviving interest surrounding the cryptocurrency market and especially the altcoin sector. Ethereum and other top coins have all set new price records just as Bitcoin …
More
Traditional Banks get serious about enabling crypto-related services
There has been an ongoing trend among traditional banks that are reportedly hunting for ways to offer digital currencies as services for their customers. The insider sources told media outlet The …
More