Why Asset Tokenization Is Inevitable

On-chain real-world assets and the integration of wallet infrastructure will replace intermediaries and become standard in the modern asset management lifecycle, says Mehdi Brahimi, head of institutional business at L1.

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Bitcoin to Become the Global Reserve Asset, Says Bloomberg

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Bitcoin will overshadow Gold’s $10 trillion market cap with ease, says acclaimed stockpiler

According to recent reports, analysts at investment management firm, Ark Invest, firmly believe Bitcoin will effortlessly exceed gold’s $10 trillion market capitalization, assuming the position of the asset with the highest market valuation.

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Digital Asset Manager Grayscale Says It Is ‘100% Committed To Converting GBTC Into An ETF’

On conversion of GBTC into an ETF, the holders of GBTC shares won’t need to take any action, and the management fee, currently at 2%, will be reduced. Meanwhile, the world’s first Bitcoin ETF (BTCC) holds 16,462 BTC without a single outflow since its debut.

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Grayscale Reveals Intentions to Convert the Firm’s Bitcoin Trust Into an ETF

On Monday, the digital currency asset manager Grayscale Investments announced intentions to file for a bitcoin exchange-traded fund (ETF) when permissible. The subsidiary of Digital Currency Group (DCG) says in regard to its crypto trust products that it always been the company’s intention “to convert these products into an ETF.

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Hip-Hop Star Snoop Dogg Says Bitcoin ‘Here to Stay’— Lauds NFTs for Creating Direct Connection Between Artists and Fans

Pioneering hip-hop artist and businessman, Snoop Dogg has said he believes in bitcoin, the (blockchain) technology behind the crypto asset and the global connection it creates. The celebrity adds that while he’s not “too caught up in the value of the coin,” he has been around long enough to “know it’s here to stay.” Not […]

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George Soros Buying Up Bitcoin Infrastructure

“It’s everything from exchanges, asset managers, custodians, to the mundane like tax reporting on your crypto gains and everything in between.” So says Dawn Fitzpatrick (pictured), the chief investment officer of...

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BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’

The popular safe-haven asset gold recently posted the lowest settlement in three weeks, as a firm dollar and bond market yields have weakened support for the precious metal. The financial goliath BNY Mellon also published a report about the differences between gold and bitcoin and the study said that the crypto asset “fits the description […]

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Tether stablecoin is fully backed, says new assurance report

Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman.

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Cryptopia liquidators to begin account holder ID process

Three months on from the launch of its claims portal for account holders, Cryptopia liquidators Grant Thornton says the ID verification process should begin within the next two months - with asset distribution to follow.

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Bitcoin can reach $400K in 2021 as 'risk-off reserve asset' — Bloomberg

With institutions demanding protection from inflation and dollar depreciation, historical trends could see BTC/USD 8X from current prices, says Bloomberg Intelligence.

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Bitcoin no longer a fringe asset due to US dollar debasement, says Soros Fund exec

Soros Fund Management's CIO said that Bitcoin is no longer out on the fringes, thanks to the debasement of the U.S. dollar over the past year.

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Soros Fund Interested in Crypto Infrastructure Says CIO

“We’ve been making some investments into that infrastructure,” she told Erik Schatzker on Bloomberg’s Front Row. “I’d say it’s everything from exchange asset managers, custodians to the mundane, like tax reporting on your crypto gains, and everything in between.

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Most asset managers still in ‘education mode’ on crypto, says Fidelity

Michael Derbin, head of Fidelity Institutional, says that while some wealth managers are by now “sophisticated” and “comfortable” with crypto, many others are still playing catch up.

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Bitcoin is More of a Gold Substitute than the Dollar, Fed Chair Powell Says

The Chair of the US Federal Reserve argues that while Bitcoin (BTC) is too volatile to be considered money and is “backed by nothing,” it could be a substitute for gold. He also recently made a statement on Bitcoin, which has affected the asset’s price seeing it drop by $1,000. Powell’s View on Cryptocurrencies InRead More

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‘Wolf of Wallstreet’ Jordan Belfort Now Bullish on BTC, Says Crypto Asset Will Reach $100,000

Jordan Belfort, the self-proclaimed “Wolf of Wallstreet” has moved away from his bearish views on bitcoin and now predicts the crypto asset might reach $100,000. Belfort, who has reinvented himself as a motivational speaker and consultant, says bitcoin unlike company stocks is more about “pure supply and demand.

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Solana (SOL) is ‘Uniquely Positioned’ to Snatch Market Share from Ethereum & ETH Killers, says VC

With a market cap of $4.3 billion, SOL is the 24th largest crypto asset, trading around $16.12, up 20% in the past 24 hours and 800% YTD. Over the weekend, Sino Global Capital, which invests in blockchain projects, shared their research on why they are bullish on Solana, a high-performance blockchain that was chosen by […] The post Solana (SOL) is ‘Uniquely Positioned’ to Snatch Market Share from Ethereum & ETH Killers, says VC first appeared on BitcoinExchangeGuide.

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What The Stock-To-Flow Model Says About Bitcoin’s Future Price

The stock-to-flow model, which accounts for the availability and production of an asset, can help predict the future bitcoin price.

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Ethereum Could Replace Bitcoin to Become Top Crypto Asset: Researcher

Ethereum, the second-largest blockchain network by valuation, has the potential to jump to replace Bitcoin to become the top digital asset, says Ryan Watkins of Messari. The senior research analyst cited a flurry of catalysts that could lead to the so-called flippening event.

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Cryptocurrencies Getting Closer to the Threshold for Major Institutional Adoption, Says Morgan Stanley

According to the latest report from investment firm Morgan Stanley, cryptocurrencies are getting closer to becoming an emerging investable asset class.  Crypto-Assets Highly Speculative but at a Major Threshold This was revealed in a new investor note handled by the Morgan Stanley wealth management unit dated Wednesday, March 17. The investor note penned by LisaRead More

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US-based crypto users likely still have to pay taxes on NFTs, says CNBC

"If you exchange crypto for any other asset, you immediately recognize a capital gain or loss," said Robert Frank.

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US House Representative Ro Khanna Lauds BTC Which ‘Cannot Be Devalued’- Calls for Less Carbon Intensive Mining

After Elizabeth Warren, the U. S. Senator for Massachusetts called bitcoin a speculative asset, Ro Khanna, the U. S. House Representative for California has spoken in favor of the crypto asset.

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$1 Million per BTC in 10 Years: ‘In Terms of Dollars Bitcoin Is Going to Infinity,’ Says Kraken CEO

While bitcoin prices have been coasting along between $46k to $48k during the last three days a number of proponents are still bullish about the crypto asset’s long-term value. On Thursday, Kraken CEO Jesse Powell said that he thinks bitcoin could easily reach a million-dollar valuation per coin.

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Hyperbitcoinization’s Small Minority: Economist Says Bitcoin’s Growing Success Will Lead to Perverse Consequences

Last Sunday, the price of bitcoin touched an all-time price high at $58,354 per unit and surpassed a $1 trillion market capitalization. Bitcoin’s value has dipped since then, but the decentralized crypto asset’s market still captures a large $900 billion valuation.

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A “BIG Deal:” Stone Ridge Files to Add Bitcoin to its Diversified Alternatives Fund

It “opens the door for every mutual fund to add BTC,” says excited Anthony Scaramucci of SkyBridge on asset manager becoming the open-ended mutual fund to buy Bitcoin. The post A “BIG Deal:” Stone Ridge Files to Add Bitcoin to its Diversified Alternatives Fund first appeared on BitcoinExchangeGuide.

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Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

Bank of Korea Governor Lee Ju-yeol has said that crypto assets like bitcoin have no intrinsic value – put simply, a measure of what an asset is actually worth. ● Speaking in the National Assembly on Feb.

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Indian Billionaire Investor Rakesh Jhunjhunwala Says He’d Never Buy Bitcoin, Calls for Ban on BTC

One of India’s most revered investors has voiced strong criticism against Bitcoin, backing a proposed government ban against the top cryptocurrency. Rakesh Jhunjhunwala believes Bitcoin is a purely speculative asset with no real use.

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Bitcoin Price Drops 18%, Fed Discusses ‘Soft’ Inflation, Analyst Says BTC Sell-Off Attracts More Investors

Digital asset markets are seeing some turbulence on Tuesday as the entire crypto market capitalization has lost 11% in value during the last 24 hours. Bitcoin has slid to a low of $44,846 during the morning trading sessions (EST) losing more than 18% during the last day.

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Speechwriter for Former US President George Bush Says BTC Rally Driven by ‘Historically Low Interest Rates’

A speechwriter for former U. S. President George W. Bush and a bitcoin critic, David Frum has claimed that the low-interest rates are fueling the crypto asset’s rally. Frum suggests that the crypto asset might experience a “fast and deep price crash” if and when interest rates start to rise.

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‘Bitcoin Is the Biggest Jailbreak in Human History,’ Says Philosopher Stefan Molyneux

On February 19, the Canadian podcaster and Freedomain Radio host, Stefan Molyneux, discussed his thoughts about bitcoin following the crypto asset’s tumultuous rise capturing over a trillion-dollar market valuation.

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World’s Largest Asset Manager Blackrock Enters Bitcoin Space — Discusses What’s Driving Up BTC Price

The world’s largest asset manager with almost $9 trillion in assets under management, Blackrock, has started investing in bitcoin. Sharing his view on what’s driving up the price of the cryptocurrency, the firm’s chief investment officer says the technology and the regulation have evolved to where people find bitcoin should be part of their portfolios. […]

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Bitcoin “The Stimulus Asset” Says Billionaire Investor Jeffrey Gundlach

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'Bond King' Jeffrey Gundlach says Bitcoin may be a 'stimulus asset,' not gold

Jeffrey Gundlach, founder of DoubleLine Capital, who had declared that he does not believe in Bitcoin, seems to have changed his opinion about the asset. In his latest tweet, the DoubleLine CEO comparThe post 'Bond King' Jeffrey Gundlach says Bitcoin may be a 'stimulus asset,' not gold appeared first on AMBCrypto.

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CEO of $141 Billion Investment Firm Says Bitcoin May Be “The Stimulus Asset”

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Bitcoin May Be Stimulus Asset Unlike Gold, DoubleLine Founder Says, While Grayscale AUM Hits $40 Billion

Founder of DoubleLine Capital hedge fund believes that Bitcoin could be the stimulus asset, not gold, meanwhile Grayscale’s crypto AUM has doubled since January 1

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I Got That One Wrong, Peter Schiff Says About Bitcoin and Gold, Here’s What He Means

Peter Schiff has called Bitcoin a financial asset and admitted he has been wrong about gold and BTC – both on the same day

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Morgan Stanley: Cryptocurrencies Here to Stay as Serious Asset Class, Bitcoin Making Progress to Replace Dollar

Morgan Stanley’s chief global strategist says that “regardless of where the price of bitcoin goes next, cryptocurrencies are here to stay as a serious asset class. ” He added that bitcoin is making progress towards replacing the dollar as a medium of exchange.

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Here’s why Litecoin (LTC) price jumped 13% this morning

Litecoin (LTC) price is trading almost unchanged on the day after the digital asset traded in a volatile manner during the Asian trading session.   Fundamental analysis: PayPal says it will not invest cash in crypto PayPal, which also enables payments as Litecoin, said it does not plan to invest in cryptocurrencies.

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‘Black Swan’ Author Pulls a 180- Nassim Taleb Says ‘Bitcoin’s a Failure, at Least for Now’

On February 12, the well known Lebanese-American essayist and risk analyst, Nassim Nicholas Taleb, declared that the leading digital currency bitcoin is a failure, at least for now. Cryptocurrency fans have been upset by Taleb’s recent statements, after it seems the renowned author has done a complete 180 after supporting the crypto asset for years. […]

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Bitcoin’s Rapid Increase Should Compel Crypto Investors to Own Gold, Says Top Miner

Sandeep Biswas, chief executive officer of Newcrest Mining, one of the world’s biggest gold miners, has said that the sharp increase in bitcoin prices should compel crypto investors to hold gold as a safe-haven asset.

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Stable Gold May Act As A Hedge Against Crypto Volatility Says Top Gold Miner

The age-old safe haven asset is tangible, and crypto holders should consider having some gold, said Newcrest Mining Ltd. CEO Sandeep Biswas. The post Stable Gold May Act As A Hedge Against Crypto Volatility Says Top Gold Miner first appeared on BitcoinExchangeGuide.

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ECB President Says Central Banks Are ‘Very Unlikely’ to Add Bitcoin as a Reserve Asset

In a Business Insider report, European Central Bank (ECB) President, Christine Lagarde, repeated her skepticism on Bitcoin, stating central banks are not looking to add the digital asset as a reserve currency any time soon.

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CME Ether Futures Launch Boosted Institutional ETH Investment Inflows

Crypto asset management firm CoinShares says the optimism generated by the launch of Ether (ETH) futures on the Chicago Mercantile Exchange (CME) triggered an influx of institutional funds into the second-largest crypto by market capitalization.

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“Our Reserves Are Now in Bitcoin” Says Stone Ridge CEO

“For us everything gets cheaper… for us everything is on sale.” So said Ross Stevens, the Founder and CEO of Stone Ridge Asset Management, in revealing their reserves are now...

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Fundamental Investing Is Alive and Well in Crypto

Ironically, digital assets might be one of the best asset classes for true fundamental investment analysis, says our columnist.

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Bloomberg's Mike McGlone says BTC could be headed to $50K as gold loses appeal

The Bitcoin-to-gold price ratio could shoot to 100x with the digital asset’s volatility possibly dropping to gold levels by 2024.

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Michael Saylor Predicts Massive Investor Shift from Gold to Bitcoin After Buying Another $10M Worth of BTC

Michael Saylor, the ‘bitcoin slayer’ that needs no introduction, continues his attacks on everything non-bitcoin, this time unleashing his wrath on gold. It Feels Great, Says Saylor of Owning More Than 71K Bitcoins In an interview with Andrew Henderson of Nomad Capitalist, a legal finance advisory, Saylor, condemning gold as a “dying asset” and “dead […]

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Swiss Crypto Laws Herald New Financial Era, Says Report

Switzerland’s financial landscape is set to witness a new era following the launch of the digital asset’s laws on February 1 2021. This is according to a financial report from top Swiss news platform swissinfo.

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BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51% Attack

Bank for International Settlements (BIS) general manager Agustin Carstens has criticized bitcoin saying the asset was inherently risky and “increasingly vulnerable” to a 51% attack. A long time bitcoin (BTC) skeptic, Carstens stressed that only central banks should be issuing digital currencies.

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