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“# Galaxy Digital CEO recommends investing up to 3% of one’s net worth into Bitcoin ” With the price of Bitcoin continuing to test support around $19,000, Galaxy Digital founder and CEO Mike Novogratz recommends HODLing until 2025. In a Yahoo Finance Live interview published on Wednesday, Novogratz said that the current Bitcoin (BTC) rally…
“# Corporate Bitcoin treasuries are here, which can only mean good things ” Holding Bitcoin (BTC) in treasury will soon become a corporate standard. Wall Street firm MicroStrategy recently made headlines when it decided to allocate a large portion of its treasury to Bitcoin, buying over 21,000 BTC in August and almost 17,000 more in…
“# Crypto will be useful but Bitcoin is hard to understand, says SoftBank CEO ” While the ongoing cryptocurrency bull run is boosting crypto adoption, some billionaire investors still find Bitcoin (BTC) to be something of a distraction. Masayoshi Son, a billionaire technology entrepreneur and CEO of Japanese conglomerate SoftBank, claimed that he “doesn’t understand” Bitcoin…
“# SEC gives OK to social media platform to issue stablecoin without registering as a security ” The U.S. Securities and Exchange Commission, or SEC, has issued a rare no-action letter in response to a request from a blockchain-backed platform over the issuance of a digital asset. The SEC letter issued on Nov. 19 says…
“#George Soros says he regrets investing in Palantir as stock surges” George Soros claims he has buyer’s remorse about his investment in Palantir — even though he’s kept his lucrative stake through some of the secretive Silicon Valley firm’s biggest controversies. The left-leaning billionaire’s eponymous fund revealed last week that it owns more than 18…
“# Survey of millionaires finds 73% own or want to invest in crypto ” A survey of more than 700 high net worth individuals, or HNWs, has found that almost three-quarters of millionaire respondents either already own or are looking to invest in cryptocurrencies before the end of 2022. Conducted by financial advisory organization deVere…
“# Time is our best friend: Bitcoin’s 12-month trajectory to $100K ” Back in June, I wrote that Wall Street remaining on the sidelines is not necessarily bad for our industry. While most traditional investors are still observing, Bitcoin’s (BTC) mainstream momentum has been building over the last four months. Currently, the Bitcoin price is…
“# Ray Dalio admits he ‘might be missing something’ about Bitcoin as it surges past $17K ” In a Twitter thread posted on Tuesday, Dalio stated he believed that Bitcoin (BTC) was not an effective medium of exchange nor a store of value due to its volatility. He also asserted that governments could outlaw crypto…
“# Mike Novogratz’s Galaxy Digital to launch new Bitcoin fund in Canada ” Galaxy Digital, a cryptocurrency merchant bank founded by Mike Novogratz, is expanding its crypto offerings in Canada. According to a Nov. 16 announcement, Galaxy Digital has partnered with major Canadian investment company CI Global Asset Management to launch a public Bitcoin (BTC)…
“# Actress Maisie Williams becoming the newest Bitcoiner? ” English actress Maisie Williams, best known for her role as Arya Stark in the HBO series Game of Thrones, may be joining the Bitcoin bandwagon. In a Nov. 16 message on Twitter, the actress asked her 2.7 million followers if she should go “long on Bitcoin.”…