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“# ‘It will send BTC’ — On-chain analyst says Bitcoin hodlers are only getting stronger ” According to on-chain analyst Willy Woo, the price of Bitcoin (BTC) could achieve a “conservative” target of $200,000 in 2021. The prediction revolves around the fact that long-time investors seem more confident in the recent rally. There are two…
“# Bitcoin whales selling to institutions as Grayscale adds 7,188 BTC in 24 hours ” Bitcoin (BTC) whales appear to be selling to institutions as the supply squeeze heightens below $20,000. Data from various sources shows that while more BTC returned to exchanges this week, largescale buyers are still creating more demand than supply can…
“# Institutions rushing into $19K Bitcoin as GBTC premium hits 6-month high ” The demand for the Grayscale Bitcoin Trust (GBTC) continues to rise with its premium surpassing 30% on Dec. 3. This indicates that Bitcoin (BTC) is seeing increasing institutional demand as its price consolidates above $19,000. The Grayscale Bitcoin Trust is an institutional…
“# The road not taken: Jealous brother claims twin earned $10M in Bitcoin ” Many late adopters of Bitcoin often lament the fact they missed out on the chance to purchase coins when the price was under $1,000, $100, or even $1. However, one Redditor says his own situation is even worse as he’s forced…
“# Pomp talks Shark Tank’s Kevin O’Leary into buying ‘a little more’ Bitcoin ” Canadian businessman Kevin O’Leary, who appears on the reality TV show Shark Tank, has seemingly softened his stance on Bitcoin after speaking with Anthony ‘Pomp’ Pompliano. In an episode of the Pomp Podcast released today, Shark Tank’s Kevin O’Leary appeared to…
“# Morgan Creek and Exos file Bitcoin fund with SEC ” Morgan Creek and Exos Financial filed a new Bitcoin (BTC) fund with the U.S. Securities and Exchange Commission, or SEC, on Thursday. If approved, the fund will offer institutional investors another way to long the flagship cryptocurrency without the volatility of owning it outright. …
“# Corporate Bitcoin frenzy: companies now hold $15.3 billion in BTC ” As of Nov. 20, companies hold around 842,229 BTC or 4.54% of today’s Bitcoin (BTC) supply, according to the Clark Moody dashboard and data from Bitcointreasuries.org. This is equivalent to a staggering $15.3 billion at the current price of $18,200. Public companies and institutional…
“# Rapper Logic invests $6M in Bitcoin as latest celebrity to catch crypto bug ” Following Game of Thrones actress Maisie Williams’ call for advice as to whether to go long on Bitcoin (BTC) earlier this week, the rapper Logic has dived into Bitcoin headlong. In a video posted to his Instagram story, Logic, real…
“# Another mainstream company is seeking approval to invest in crypto ” Investment firm SkyBridge, founded by former Goldman Sachs’ vice-president Anthony Scaramucci, is one of the latest companies looking to invest in cryptocurrency. The company is putting together a hedge fund that includes Bitcoin investment, according to a United States Securities and Exchange Commission,…
“# $2.3B in Bitcoin exchange outflows dwarfs the amount of new BTC mined ” From Oct. 15 to Nov. 15, Bitcoin (BTC) exchange outflows dropped from 2.5 million to 2.355 million, the lowest levels since August 2018. Approximately 145,000 BTC, worth $2.35 billion at a price point of $16,200, moved out of exchanges. Bitcoin exchange…