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“# Not bad for 2020: Up 42% in Q4, Bitcoin price outperforms top bank stocks ” Historically, traditional market analysts and old school investors tend to look at Bitcoin and other cryptocurrencies with a wary eye, and when crypto pundits attempt to make comparisons between the two these investors say it’s an apples to oranges…
“# Corporate giants may not follow MicroStrategy’s Bitcoin adoption play, Raoul Pal explains ” Earlier this year, business intelligence giant MicroStrategy put $425 million of its treasury funds into Bitcoin (BTC). The move was largely seen as a big step in the right direction for mainstream Bitcoin adoption. MicroStrategy, with its CEO and founder Michael…
“# ‘I got Bitcoin!’ — trick-or-treaters rewarded with crypto ” While many children dressed as ghosts, goblins, and witches last night may have been disappointed to find an inedible thin piece of cardboard left out in a goodie bag, a lucky few recognized the treat as a Bitcoin prize. According to an Oct. 31 tweet…
“# Tim Draper seeks to ‘DeFi‘ the venture capital business with Bitcoin ” Two years ago, venture capitalist and noted Bitcoin investor Tim Draper publicly stated that Bitcoin will hit $250,000 by 2022. Yet, as Bitcoin continues to gain interest from investors, Draper revealed to Cointelegraph during an interview that a $250,000 price prediction may…
“# Bitcoin adoption could reach 90% by 2030, investment firm founder claims ” With the recent influx of mainstream financial players into the blockchain space, how long will it take for corporate allocation of Bitcoin (BTC) to become the norm? Brian Estes, founder of investment firm Off The Chain Capital, thinks 10 years. “I think in…
“# Avanti launches crypto-friendly bank in Wyoming ” According to an Oct. 28 announcement from Avanti, The Wyoming State Banking Board voted 8-0 to grant the financial institution a bank charter. The approval will allow Avanti to operate the new crypto-friendly bank under the name Avanti Bank & Trust as well as its “tokenized U.S….
“# Awesome interactive NFT artwork shows effects of sponsoring kids ” A former baseball player has created a non-fungible token, time-sensitive artwork piece that allows crypto holders to donate Bitcoin to enable two African American boys to fulfill their dreams. According to a representative for the artist, former Tampa Bay Rays player Micah Johnson, marketplace…
“# MicroStrategy’s crypto holdings may be paying off more than its business ” Business intelligence firm MicroStrategy’s Bitcoin investment is paying off in a big way, with an estimated $100 million in profit. According to data published Oct. 27 by independent crypto researcher Kevin Rooke, MicroStrategy has earned more from its Bitcoin (BTC) investment than…
“# Bitcoin becoming less-risky as an investment, Novogratz says ” Bitcoin (BTC) has gained significant notoriety in the decade since its 2009 launch. Big mainstream players such as MicroStrategy have recently begun to invest large sums of money into the asset, normalizing its viability as an investment for some. Mike Novogratz, CEO of Galaxy Digital,…
“# Bitcoin investing interest up 19% compared to 2019, Grayscale report says ” Crypto investing firm Grayscale recently released its 2020 Bitcoin Investor Study. The report used data from a survey which digitally polled a sizable number of individuals in the U.S. between June and July. Grayscale found the majority of the surveyed people were keen on…