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A New Zealand hedge fund, NZ Funds Management, which had $350 million worth of assets under management at the end of December 2020, says five percent of its money is invested in bitcoin. According to the firm’s CIO James Grigor, bitcoin is also set to be featured in more of its Kiwisaver investment schemes within … Read more
Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.” Go to Source Powered by WPeMatico
Research has revealed crypto investors are more likely to be ‘dog people’ while gold investors are more likely to be ‘cat people’. Go to Source Powered by WPeMatico
The U.S. could repeat its 1930s ban on gold ownership but for Bitcoin. Go to Source Powered by WPeMatico
Mad Money host Jim Cramer, a long-term gold proponent, says that gold has let him down. He has become more bullish on bitcoin, advising investors to put 5% of their portfolios in the cryptocurrency to protect their assets. Jim Cramer Reduces Gold Holdings, Increases Bitcoin Allocation In an interview published Monday with Morgan Creek Digital … Read more
The CNBC host publicly thanks Anthony Pompliano after he made serious returns on a $500,000 BTC investment. Go to Source Powered by WPeMatico
Co-founder of major Indian tech company Infosys Nandan Nilekani has urged the government to help MSMEs access capital using Bitcoin. Go to Source Powered by WPeMatico
Federal Reserve Chairman Jerome Powell sees cryptocurrency as a substitute for gold, rather than the dollar. However, he cautioned that crypto assets, including bitcoin, are highly volatile and not useful as a store of value. Fed Chair Sees Bitcoin as a Gold Substitute During a webinar sponsored by the Bank of International Settlements (BIS) on … Read more
Jerome Powell reiterates his opinion about Bitcoin as a gold substitute, but a sell-off accompanies his other criticisms. Go to Source Powered by WPeMatico
Kraken’s head of growth, Dan Held, thinks Bitcoin could reach $1 million within the current market cycle. Go to Source Powered by WPeMatico