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“# Want to be rich? Data and Bitcoin’s supply cap show you only need 0.01 BTC ” Saving 0.01 Bitcoin (BTC) might cost only $5,000 today but according to the current global wealth distribution and the digital asset’s limited supply, 0.01 BTC just might be enough to make one a millionaire in the future. According…
“# Bitcoin ‘better than gold’ if you study it, fund manager tells mainstream media ” Bitcoin (BTC) is superior to gold if investors take the time to study it, says hedge fund manager Anthony Scaramucci. In an interview with CNBC on March 18, Scaramucci, who is CEO of SkyBridge Capital, reinforced his belief in Bitcoin…
“# Fireblocks crypto startup raises $133M in funding round with BNY Mellon ” According to a March 18 report by the Wall Street Journal, cryptocurrency startup Fireblocks has raised $133 million in a Series C funding round featuring BNY Mellon as well as hedge-fund firm Coatue Management, venture-capital firm Ribbit Capital, and Stripes. BNY Mellon’s…
“# Bitcoin worth the risk for stimulus check recipients despite pressing needs: poll ” Most Americans who expect to receive the next round of relief bill stimulus checks will use the money to buy necessities and pay off debts, but some are still willing to invest in cryptocurrencies like Bitcoin (BTC), a new poll reveals….
“# Asia’s MicroStrategy? Meitu drops another $50M on ETH and BTC ” Chinese tech company Meitu has announced the investment of a further $50 million into Ether and Bitcoin, taking its net spend on crypto up to roughly $90 million this month. The Hong Kong and China listed company purchased 386.08 BTC for $21.6 million,…
“# Bank of America analyst slams Bitcoin : Buying 1 BTC is ‘like owning 60 cars’ ” Bank of America analyst Francisco Blanch has slammed Bitcoin as “exceptionally volatile”, “impractical” and an environmentally disastrous asset that’s useless as a store of wealth or an inflation hedge. For good measure Blanch also asserted the cryptocurrency is…
“# Crypto exchange Kraken says it is ‘too big’ to go public through a SPAC ” San Francisco-based crypto exchange Kraken has not yet confirmed that it will follow in Coinbase’s footsteps by pursuing a public listing, though the company did rule out the possibility of doing so via a special-purpose acquisition company. In a…
“# EU securities regulator warns about risks of ‘non-regulated’ cryptos ” The European Securities and Markets Authority, the European Union’s independent financial authority, has warned about the high risk of cryptocurrency investment. In its latest “Trends, Risks and Vulnerabilities” report published Wednesday, the ESMA analyzed the impact of COVID-19 on financial markets, highlighting the increased…
“# NYDIG head says major firms will announce Bitcoin ‘milestones’ next week ” We are on the brink of Bitcoin’s mass adoption, says the CEO of Bitcoin investment firm NYDIG Robby Gutmann. Gutmann, also the co-founder of $10B asset manager Stone Ridge, told the “On the Brink podcast” on Mar. 15 that we can expect…
“# ‘Inhospitable to capitalism’ US can target those ditching dollar for Bitcoin — Ray Dalio ” The United States and other countries could “impose prohibitions” on Bitcoin (BTC) as part of “shocking” tax changes, investor Ray Dalio has warned. In his latest article on LinkedIn, Dalio, a recent convert to Bitcoin as an investment opportunity,…