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Tag Archives: Grayscale

Wall Street Giant Guggenheim Fund Seeks SEC Approval to Buy Bitcoin Worth up to $500 Million

Guggenheim Partners is among the largest investment and advisory financial services companies. The Wall Street giant filed a document with the US Securities Exchange Commission (SEC) to enable one of its funds, dubbed the Macro Opportunities Fund, to allocate millions of dollars in bitcoin.According to the filing, the Fund plans to spend 10% of its net assets on bitcoin through the leading cryptocurrency manager – Grayscale.“The Guggenheim Macro Opportunities Fund may seek investment exposure...

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After Buying Bitcoin at $800 in 2016, Mexico’s Second-Richest Man Doubles Down

The Bitcoin billionaire bandwagon has another representative in the likes of Mexico’s second-wealthiest man – Ricardo Salinas Pliego. He recently highlighted the problems with fiat currencies, especially in Latin America, and clarified that his first BTC purchase came four years ago. Mexican Billionaire Points Out Fiat Problems According to a Forbes publication from earlier this year, Pliego is the second-wealthiest man in Mexico with a net worth of approximately $12 billion....

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#1016 Ethereum Rallye auf 1400$, Milliardär Ricardo Salinas Pliego kauft Bitcoin & Grayscale 500.000 BTC

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 1016. Im heutigen Video geht’s um folgende Themen: Ethereum Kurs an der Schwelle einer Rallye zu 1400$, Milliardär Ricardo Salinas Pliego kauft Bitcoin & Grayscale hält über 500.000 BTC. 1.) Ethereum Kurs an der Schwelle einer Rallye zu 1400$ wie 2017?https://cryptomonday.de/ethereum-kurs-an-der-schwelle-einer-rallye-zu-1400-wie-2017-diese-on-chain-metriken-sprechen-fuer-eine-baldige-eth-kursexplosion/...

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500,000 BTC Worth $8.5 Billion Currently Owned By Grayscale

Amongst bitcoin and cryptocurrency fund management firms, Grayscale takes the top spot. And so it has proved again by now becoming the owner of 500,000 BTC worth $8.5 billion. This roughly equals 2.4 percent of the cryptocurrency’s total programmed supply. Grayscale Investments Owns Bitcoin Worth $8.5 Billion A few hours ago, Barry Silbert’s crypto fund management firm Grayscale dropped an update regarding its bitcoin stash, now amounting to a massive 500,000 BTC. Grayscale...

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Game of Thrones’ Maisie Williams Wonders If She Should Long Bitcoin: Elon Musk Responds

Maisie Williams, the actress portraying Arya Stark in the Game of Thrones TV series, asked her 2.7 million followers if she should “go long on Bitcoin.” Apart from thousands of responses she received from the community, Barry Silbert, Mike Novogratz, and even Elon Musk weighed in as well. Arya Stark Looks To Buy Bitcoin? Born in 1997, Margaret (Maisie) Williams in an English actress that made her professional debut in 2011 as Arya Stark in the HBO medieval fantasy drama –...

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Analysis: Bitcoin Can Go 10x From Current Price If November Breaks Monthly ATH Close

A popular Bitcoin analyst and trader pointed out that Bitcoin has historically headed towards massive price surges once it closed higher than the previous monthly high. As a result, BTC could face up to a 1,000% price pump soon if it closes November at or above its current price. BTC To Pump By 1,000% Soon? Bitcoin has been surging in value in the past month. The impressive performance led to several consecutive yearly records and reaching $16,000 last Friday – the highest...

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JP Morgan: Bitcoin Could Rise 10x as it Competes With Gold for Institutional Investors

A JPMorgan report suggested that some investors, such as family offices, have been allocating more funds into Bitcoin rather than gold in recent months. The analysts from the giant multinational investment bank also noted that the comparison between the two assets could propel a massive price increase for BTC. Bitcoin’s Impressive Developments As Of Late In its latest paper exploring Bitcoin’s price and fundamentals, the JPMorgan analysts listed several reasons why the...

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The Amount of BTC Grayscale Manages Just Got A Lot Bigger

Bitcoin’s price isn’t the only thing getting larger in the cryptocurrency space. According to reports, the institutional presence in the space is expanding as well. Grayscale Investments, a crypto management service that handles accounts primarily for institutional investors, recently announced that the digital assets it’s overseeing grew by a whopping $300 million in a single day.Grayscale Sees Its Assets ExpandThe company’s CEO Barry Silbert expressed the news in a tweet, claiming that as...

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Grayscale Study: COVID-19 Made Bitcoin Even More Attractive To US Investors

The number of US-based investors interested in Bitcoin continues to increase according to Grayscale’s Investment 2020 report on the cryptocurrency. The leading digital asset manager also noted that the COVID-19 pandemic has exemplified Bitcoin’s merits and made it even more captivating to investors. US Investors’ Growing Interest In Bitcoin Titled “Bitcoin Investor Study,” Grayscale’s 2020 research aimed at shedding some light on US investors’ perception of Bitcoin and how it...

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Analysis: Are CBDCs a Threat For Bitcoin or The Opposite?

Ever since Facebook announced its plans to create a digital payment currency dubbed Libra, central bankers have tried to counter it with an invention of their own. While Libra is facing regulatory troubles, a BIS report indicated that over 80% of the world’s central banks are currently developing a central bank digital currency (CBDC). The idea and purpose of a CBDC are fundamentally different than everything Bitcoin stands for. As such, the community has been speculating on...

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