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Mandy Williams



Articles by Mandy Williams

Bitcoin Proponents Against Elon Musk Following Heated Dogecoin vs Bitcoin Tweets

23 hours ago

Last week, Elon Musk and Tesla shocked the entire crypto industry following an announcement that the electric car company will no longer accept bitcoin payments for “environmental reasons.”
A Hard Pill For Bitcoin Maximalists
Giving its reasons, Tesla argued that Bitcoin mining operation requires massive energy consumption, which is generated from fossil fuel, especially coal, and as such, causes environmental pollution.
The announcement caused a market dip which saw over $4 billion of both short and long positions liquidated as the entire capitalization lost almost $400 billion in a day.
For Bitcoin maximalists and proponents, Tesla’s decision was a hard pill to swallow, and that was evident in their responses to the electric car company and its CEO.
While the likes of

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Huobi Group Launches $100 Million Fund For DeFi And NFT Development 

4 days ago

Huobi Group, the holding company of the leading cryptocurrency exchange, Huobi Global, has recently launched a new subsidiary geared towards decentralized finance (DeFi) projects, non-fungible tokens (NFTs), and mergers and acquisitions.
Huobi Devotes $100M to DeFi
In a Thursday press release shared with CryptoPotato, the company noted that it has already deployed $100 million to this new venture investment arm dubbed “Huobi Ventures.”
The ultimate goal of this new subsidiary of Huobi Group is to increase the company’s investment portfolio, provide several innovative blockchain-related projects with long-term support, in addition to mergers and acquisitions. 
The press release also noted that the $100 million fund would provide support for new blockchain and DeFi projects

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Cardano DeFi Project deFIRE Secures $5M in Funding Round

4 days ago

DeFIRE is a decentralized smart order routing engine being built for the Cardano ecosystem incubated and supported by Occam and powered by the industry leader in cross-chain liquidity provision, Changelly. 
It offers execution services across decentralized exchanges (DEX) such as token swaps, order routing services across DEXs, and providing intermediary services between order flow originators and ultimate execution venues. 

deFIRE’s goal has managed to draw the attention of several reputable investors within the Blockchain space, including Morningstar, SwissBorg Ventures, Lotus Capital, MoonWahle, GenBlock, Sheesha Finance, IBA, CoinsGroup, and more, who contributed to the success of the pre-IDO fundraising.
The project intends to use the newly acquired capital to

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Bitstamp Plans U.S. Expansion Following 570% Growth in Signups

14 days ago

Popular cryptocurrency exchange Bitstamp has announced that it will be expanding its United States operations, following a groundbreaking feat recorded in the country in the first four months of the year.  
Massive Growth in Q1
Highlighting its achievements within the period, Bitstamp said in a press release shared with CryptoPotato today that new customer signups from U.S. residents surged by 570%. 
The third-largest exchange noted that transaction volume, including trading and deposits in the region, also increased monthly by 348%. 
Furthermore, U.S. customers’ assets under management (AUM) rose to 281% in Q1 2020, as well as a 325% growth was recorded in the firm’s mobile app usage within the U.S. environs. 
Notably, U.S. customers alone account for 11% of the firm’s

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Polygon Rolls Out $100 Million DeFi Adoption Fund

19 days ago

Polygon, an easy-to-use platform for Ethereum scaling and infrastructure development, has recently launched a $100 million fund intended to improve the accessibility of the decentralized finance (DeFi) space to more users.
According to a press release shared with CryptoPotato, the fund, known as “#DeFiforAll,” is geared toward effectively introducing millions of users to the various decentralized products and platforms available.
Polygon’s Fund to Support DeFi for 3 Years
The DeFi space is one of the most rapidly growing markets in the crypto industry. With this in mind, Polygon created the DeFiforAll fund with the sole purpose of ensuring that the larger user base, who are often intimidated by the price of taking part in DeFi, can have access to its numerous benefits.
The

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Retail Investors Entering Crypto: The Reason Behind Recent Extreme Price Volatility?

20 days ago

The extremely volatile nature of cryptocurrencies is one of the major reasons why many traditional investors are still hesitant to join the industry. 
One minute, traders are basking in the euphoria of skyrocketing peaks, and the next they are scratching their heads wondering what happened.
While there are no clear-cut indices to gouge crypto volatility, some of the reasons for it in traditional markets apply – including new developments and speculation.
But new entrants in the crypto market who have little to no experience with huge expectations could be responsible for the latest extreme price volatility in the market, according to the crypto analyst behind the Twitter handle SecretsOfCrypto. 
“Buy Crypto” Searches Hit ATH
The crypto industry has no doubt created wealth

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After the Mavs, Billionaire Mark Cuban Urges the Ellen DeGeneres Show to Accept DOGE Payments 

20 days ago

Popular American billionaire investor and crypto enthusiast Mark Cuban has urged Ellen DeGeneres to integrate Dogecoin (DOGE) as a payment for her daytime television variety comedy talk show.
DOGE Boosting Sales
Speaking in a virtual interview today at the Ellen DeGeneres show, Mark Cuban, the owner of the NBA team – the Dallas Mavericks – said that people are quite fond of the latest payment method introduced by the organization. Ever since the Mavs started accepting DOGE for its tickets and other merchandise, the sales have supposedly gone through the roof. 
Furthermore, the Shark Tank star had a similar proposition for the host and her show:
You should look at [adding the cryptocurrency as a means of payment] for the Ellen Shop. You guys could sell a whole lot of stuff

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IOHK’s Charles Hoskinson Responds to Cardano Scam Allegations

25 days ago

IOHK CEO Charles Hoskinson has replied to critics calling Cardano a scam that has not been able to develop any smart contracts since its launch.
Baseless Allegations Drive Investors Away 
Responding to comments made by Bankless podcast co-owner David Hoffman, Hoskinson noted that over the years, podcasters had used their platform to level baseless allegations on Cardano, calling it a “scam.” 
“It is one thing to say you’re skeptical [about Cardano]. It’s another to call [its developers] criminals,” Hoskinson tweeted yesterday.
He implied that baseless accusations like Hoffman’s comments are one of the reasons why several potential investors have refused to join the cryptocurrency bandwagon. 
“This is crypto in 2021. Figure out why so many people want nothing to do with

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Binance US Appoints Former OCC Head Brian Brooks as CEO

27 days ago

Brian Brooks, the acting head of the Office of the Comptroller of the Currency (OCC) under Donald Trump’s administration, noted in a Wall Street Journal report today that he would be working as Binance US CEO on May 1, 2021. 
Brooks’ Career at the OCC
During his tenure as acting head at the OCC, Brooks was friendly toward cryptocurrencies despite Trump’s public dislike for the asset class, especially Bitcoin. 
The regulator’s support for crypto assets earned him the title “CryptoComptroller” across various social media platforms. One of the measures he took in support of cryptocurrencies was to allow financial institutions in the country to hold the assets on behalf of their customers. 
The move contributed to the growing interest in Bitcoin (BTC) among U.S.-based banks

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Biden Administration Reportedly in Early Stages of Readying Regulation for Bitcoin

27 days ago

With Bitcoin (BTC) gaining widespread adoption globally, the United States government is reportedly in the early stages of developing regulatory guidelines for the popular cryptocurrency and the entire crypto industry.
Sources familiar with the matter told FOX Business’ Charlie Gasparino that the upcoming regulation, which will focus on crypto infrastructure and taxation, is being led by the Treasury Department Secretary, Janet Yellen, and her deputy, Wally Adeyemo. 
Upcoming Regulations Could be Strict
Sources told Gasperino that Gary Gensler, the newly appointed chairman of the U.S. Securities and Exchange Commission (SEC), is awaiting directives from the Treasury Department to develop a more concise regulatory framework for Bitcoin and cryptocurrencies. 
While it is not

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Cathie Wood’s Ark Funds Now Hold Over One Million Coinbase Shares 

April 16, 2021

Cathie Wood’s Ark funds has purchased a total of $352 million worth of Coinbase shares, two days after making its debut on the Nasdaq stock exchange under the ticker, COIN. 
Ark Funds’ COIN Acquisition Spree
Citing data received by email, Bloomberg reports today that Wood’s funds, including the Ark Innovation ETF, Ark Fintech Innovation ETF, and Ark Next Generation ETF together added 341,186 COIN to their holdings yesterday. 
This is the second investment in a roll that Wood’s Funds have made in Coinbase. Ark’s funds earlier purchased 749,205 Coinbase shares moments after it went live on Nasdaq. The shares were acquired at approximately $250 million, with each unit priced around $333.67. 
With the latest acquisition, Wood’s funds now hold a combined 1,090,388 Coinbase

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ENJIN Coin (ENJ) Price Soars 70% Following Coinbase Pro Listing 

April 9, 2021

As the crypto market gradually recovers from Wednesday’s dip, ENJIN Coin (ENJ) received a significant boost in price following its listing on Coinbase Pro, the professional trading platform of the U.S.-based exchange, Coinbase.
Coinbase Lists ENJ and Three Others
The San Francisco-based exchange noted in an announcement this week that ENJ alongside 1INCH, OGN, and NKN will be available for trade today by 4 PM UTC if liquidity conditions are met. 
“Once sufficient supply of 1INCH, ENJ, NKN, OGN is established on the platform, trading on our 1INCH-USD, 1INCH-BTC, 1INCH-EUR, 1INCH-GBP, ENJ-USD, ENJ-BTC, NKN-USD, NKN-BTC, OGN-USD and OGN-BTC order books will launch in three phases, post-only, limit-only and full trading,” excerpts of the announcement reads. 
While trading of

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Russian Investors Are Complying With the Tax Bill on Cryptocurrency Gains  

April 8, 2021

Russian cryptocurrency investors have started complying with authorities to provide information about their crypto dealings and pay the stipulated taxes. 
According to a report by local news outlet Izvestia, several accounting and legal firms, including FTL and PwC, noted that they had recorded a surge in compliance with the tax legislation. 
Cryptocurrencies Are Properties 
The development comes on the heels of Russia’s State Duma approving a bill to legally recognize cryptocurrencies as properties. 
While the initiative would grant Russian crypto owners the right to legal protection, it would also enable regulators to impose a 13% tax on gains made from cryptocurrency investments. 
As part of the legislation, Russian crypto owners residing in and outside the country will

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The Road to 100K BTC: MicroStrategy Buys Bitcoin Worth $15 Million

April 5, 2021

Popular business intelligence and software company MicroStrategy has continued to show no signs of slowing down on its bitcoin buying spree, adding more of the asset to its portfolio at every opportunity.
The company’s CEO, Michael Saylor, recently took to Twitter to announce MicroStrategy’s latest bitcoin purchase, an addition of 253 BTC, to the company’s large bitcoin holding.
MicroStrategy Holds 91,579 BTC
According to Saylor, the bitcoins were bought in cash for $15 million, including fees and other expenses. The average purchasing price for each unit of bitcoin was valued at $59,339.
Currently, MicroStrategy accumulated a total of 91,579 BTC in its portfolio, all of which it had acquired for a whopping $2.226 billion, at an average price of $24,311 per unit of

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Mark Cuban Says 60% of His Crypto Holdings Are in Bitcoin (BTC), Picks ETH as Second-Best

April 2, 2021

Shark Tank and Dallas Mavericks billionaire co-owner Mark Cuban recently disclosed that a significant portion of his crypto holdings are stashed in bitcoin because he believes the cryptocurrency is a better store of value asset than gold. 
Speaking in a recent episode of the Delphi Podcast as published on CNBC, Cuban noted that of his total crypto holdings, 60% are in BTC, 30% in Ether (ETH), and the remaining 10% is allocated to other altcoins. 
Bitcoin Is Superior To Gold
The billionaire investor has held onto his crypto holdings, especially bitcoin, because, according to him, it was more than just a currency, but a store of value asset. 
Cuban noted that he is certain of bitcoin’s superiority to gold as a better store of value asset, and would never sell it for

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Elon Musk Says SpaceX Will Put Dogecoin on the Moon, DOGE Price Skyrockets 35%

April 1, 2021

Tesla boss Elon Musk is known for influencing the sudden growth of cryptocurrencies, which could be in the form of tweets or investments.
SpaceX To Put DOGE On The Moon
After publicly supporting Dogecoin (DOGE), the popular billionaire has once again thrown his weight behind DOGE, causing the cryptocurrency to reach a six-week high.
In a tweet today, Musk noted that one of his companies, SpaceX, will put “a literal Dogecoin” on “a literal moon.”

SpaceX is going to put a literal Dogecoin on the literal moon
— Elon Musk (@elonmusk) April 1, 2021

Indeed, the post led the cryptocurrency to the moon, as it spiked by 35% within minutes after the tweet was made. The meme-inspired token’s value reached a stunning $0.07 before plummeting to $0.06, as at the time of writing.

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Q2 Historically Bullish for Bitcoin With an Average 60% ROI, Will History Repeat?

April 1, 2021

The first quarter of 2021 was no doubt one of the most thrilling in bitcoin history. It started on a high note and closed it with the same vibe. Despite the periodic price drops that BTC experienced, Q1 of 2021 came out the best since Bitcoin’s inception. Historical data shows that Q2 has been even better, raising the question if bitcoin would be heading further north.
The Best Q1 Ever
The end of March signified the end of the first yearly quarter. Bitcoin ended the quarter with 100% gains, making it the best ever.
Various events made this year’s first three months interesting and bullish. On February 8th, Tesla announced a $1.5 billion bitcoin investment, and in March, the Elon Musk-led company started accepting BTC as a payment option. 
As with Tesla’s purchase that

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Goldman Sachs to Launch Its Bitcoin Offering for Wealth Managers In Q2 2021

March 31, 2021

Mary Rich, the investment bank’s incoming global head of digital assets for the private wealth management division, told CNBC in an exclusive interview that they will launch the service in Q2 2021. 
″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near-term,” Rich said.
Full Spectrum Investments
She noted that the bank might also launch a full spectrum of investment tools for bitcoin as well as other cryptocurrencies, which could be in the form of physically-settled BTC or crypto derivatives. 
Although Rich did not disclose the requirement for the upcoming offering, based on Goldman Sachs’ past wealth management business,

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British Finance Minister Calls For Stablecoin Regulation

March 30, 2021

Speaking at a City and Financial Conference today, John Glen said authorities need to regulate stablecoins due to the threat it poses should a major firm dominate the sector. 
“There is the potential for some firms to swiftly achieve dominance and crowd out other players due to their ability to scale and plug into existing online services,” the financial services minister was quoted as saying. 
Regulating the Wider Crypto Market Not Pressing
Despite calls from financial experts to create a legal framework for the broader global crypto market, Glen noted that regulating “wider cryptocurrency markets” is not as pressing as stablecoins. 
According to him, it is imperative to do so because they have, over the years, become the largest cryptocurrency by trading volume with

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Circle Launches Credit Card Payment Solution for the NFT Market

March 28, 2021

Leading crypto fintech startup Circle Internet Financial has announced the launch of a payment solution for the non-fungible tokens (NFTs) market. It will enable investors and content creators to make payments using credit cards and cryptocurrencies.Promoting NFT AdoptionThe company stated in an announcement today that it hopes the initiative would get more investors onboarded into the NFT bandwagon. Jeremy Allaire, Circle co-founder, and CEO said the initiative is important for content creators as well as customers, who want to venture into the NFT market while adding: “Circle looks forward to supporting the industry – creators, platforms, marketplaces, storefronts, and customers – with our solution for enabling a user-friendly, mainstream payments experience with the power of crypto

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NFTs Are the Riskiest Asset Class in the Virtual Economy, Says BNP Paribas CEO

March 26, 2021

The recent NFT boom has seen several individuals make so much money from digital collectibles. Everything from artworks, virtual lands to sports cards, and even tweets have now become non-fungible tokens (NFTs). NFT Investments Are Like GamblingWith this raging NFT mania, investors are worried that this might be another bubble. More recently, John Egan, the CEO of French bank L’Atelier BNP Paribas, opined that investing in NFTs is like gambling, adding that they are the riskiest asset class in the virtual economy.In an interview with Bloomberg, Egan noted that while most people are drawn to the NFT space because of the thrills of making so much money and gaining property rights over the digital asset, it is becoming a problem.Ownership IssuesHe pointed out that the issue of ownership is

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THETA Price Crashes 30% in a Day Following Mainnet Postponement

March 25, 2021

According to an announcement from the project, the development team needs more time to “conduct a more thorough review and testing” to ensure that the network will function effectively when it scales over 100,000 Elite Edge Nodes.Theta Mainnet 3.0 To Launch In June Theta Labs has been consistently working on releasing its Elite Edge Nodes with TFUEL staking and burning on the Theta 3.0 Mainnet. The company also intends to “incorporate some building blocks” for an NFT marketplace on the Mainnet.With all these tests and reviews aiming to ensure the smooth running of the network, Theta has decided to move the Mainnet launch date from April 21st to June 30th. Leveraging NFT BoomTheta intends to take advantage of the current NFT boom to build out its NFT marketplace while integrating some of

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UK Financial Authority Says Young People Are Investing in Crypto for Fun

March 24, 2021

The U.K. Financial Conduct Authority (FCA) noted that there has been a rising interest in cryptocurrencies from the younger generation, especially among women under age 40. The regulator said that most of these investors could not withstand the heavy losses associated with this form of investment.Young People Invest In Crypto For The “Thrills” Per the report, the FCA said its study showed that young people mostly delve into crypto investments because of the thrill and idea of owning a stake in the companies they invest in. Also, young people consider crypto investments as some sort of competition over the conventional motive behind investing, which is majorly about securing one’s future. Notably, social media tips and news were pinpointed as the major source of information driving the

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FTX Bags $135M Naming-Rights Deal for Miami Heat Arena

March 24, 2021

Cryptocurrency derivatives exchange FTX is set to win a $135 million naming-rights deal for the sports arena belonging to the Miami-based American professional basketball team – Miami Heat.According to a recent report, the deal, which is organized by the Miami-Dade County Commission as it controls the naming-rights to the arena, will be finalized on Friday, March 26th.Combating Gun Violence And Poverty Miami-Dade County will officially approve the agreement on Friday, changing the arena’s name from AmericanAirlines Arena, which had been its name for over twenty years, to FTX Arena. The iconic American airplane silhouette on the arena’s roof will be promptly stripped.After the deal is finalized, Miami-Dade will receive an undisclosed amount from FTX yearly, and Miami Heat can sell the other

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JPMorgan to Launch Exposure Basket for Crypto-Focused Public Companies

March 10, 2021

Financial services giant JPMorgan Chase & Co filed a prospectus with the United States Securities and Exchange Commission (SEC) to launch a new debt instrument tied to crypto-related companies. JPM’s New Crypto-Related Investment InitiativeAccording to the prospectus filed with the SEC, the debt instrument dubbed J.P. Morgan Cryptocurrency Exposure Basket will enable investors to allocate funds in a basket of crypto-focused companies. Some of those names include Michael Saylor’s MicroStrategy, which holds over $4.5 billion in BTC, Jack Dorsey’s Square, and Riot Blockchain.  At the moment, investors would have access to 11 Reference Stocks of U.S.-listed companies that are directly and indirectly involved in crypto businesses.  The companies are selected based on their bitcoin holdings,

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Ripple’s CEO: SEC Lawsuit Did Not Affect Business in Asia Pacific

March 5, 2021

Ripple’s CEO Brad Garlinghouse told Reuters in an interview today that the company is still conducting and growing its business in the Asia Pacific region despite the SEC legal case against Ripple and its executives. The last four months have been some of the toughest for Ripple after the company was slammed with a $1.3 billion lawsuit by the United States Security and Exchange Commission (SEC). The regulator alleged that Ripple and its executives, including Garlinghouse, conducted an unregistered securities offering using XRP. News of the lawsuit spurred panic, and some major crypto exchanges offering services to U.S. clients were quick to delist XRP from their platforms. Ripple’s partner Moneygram also pulled the brakes on its alliance with the company following the SEC fiasco.The price

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Ripple’s Brad Garlinghouse, Chris Larsen File Motions To Dismiss SEC Lawsuit

March 4, 2021

Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen have recently appealed to Judge Analisa Torres, filing two separate motions to dismiss the US SEC’s amended complaint against Ripple and its executives.Regulatory OverreachIn a letter dated March 3, 2021, the Attorneys representing Garlinghouse stated that the lawsuit filed by the SEC against Ripple was simply a “regulatory overreach.”They argued that the SEC’s allegations of Garlinghouse aiding and abetting the sale of XRP, which they also alleged of being a security under the Securities Act, failed based on several reasons.The letter reads: “The SEC fails to recognize the economic realities of Defendants’ transactions in XRP, the XRP market, and Ripple’s business, each of which exhibits none of the traditional characteristics of

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Bitcoin Still Has an Uncertain Future: Citibank Analysts

March 1, 2021

In a 100-page deep-dive report dubbed “Bitcoin, at the Tipping Point,” Citibank’s global perspectives and solutions team noted that the cryptocurrency could potentially “become the currency of choice for international trade.”The analysts acknowledged that the massive interest shown by several large institutional investors like Tesla, Microstrategy, and PayPal is one of the major propellants for the digital asset gaining mainstream adoption.The team further noted that several other factors, including a wide range of digital payment options like stablecoins and Central Bank Digital Currency (CBDC), could also increase the chances of bitcoin adoption for cross-border settlements.An Uncertain FutureThe report also pointed out that a side-by-side comparison of the risks associated with bitcoin

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Goldman Sachs Plans to Relaunch Its Cryptocurrency Trading Desk

March 1, 2021

Reports on Reuters today revealed that American multinational investment bank, Goldman Sachs, will offer bitcoin futures and non-deliverable forwards on behalf of its clients starting next week.According to sources familiar with the matter, the move is part of the bank’s effort to take advantage of the fast-growing crypto space, which is gradually becoming an investment of choice for institutional players. Notably, the bank is also considering developing a Bitcoin Exchange-Traded Fund (ETF) soon as part of its commitment to fully venture into the industry. Based on this regard, the unnamed source noted that Goldman Sachs had already “issued a request for information to explore digital asset custody.” Goldman’s First Shot At CryptoIn late 2017, Goldman Sachs became the first Wall Street

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Bitcoin is an Alternative to Gold And Not a Currency, Says Bridgewater Analyst

February 28, 2021

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 the digital gold argument.Bitcoin As Digital GoldIn a recent interview with Bloomberg, Patterson said she wouldn’t call bitcoin an alternative currency, I think if anything, it’s an alternative to gold or digital gold. I think that would be the better comparison.”Despite calling BTC an alternative to the precious metal, Patterson added that the cryptocurrency would have to prove its digital gold status. “As institutional investors, we don’t know yet if it’s going to be digital gold, it may be over time, but I don’t think we can say that with confidence yet. And that affects whether or

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