Gold advocate Peter Schiff has conducted two polls regarding bitcoin’s value and investors’ actions if the crypto’s price falls significantly. Despite his consistent criticism of bitcoin, the majority of respondents expressed strong commitment to holding their BTC even if the price drops drastically. Schiff maintains that bitcoin’s value proposition is flawed and anticipates a significant […] Original
The approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) in January 2023 has opened the floodgates for significant institutional investment in the newly approved market. However, US states are also rushing to capitalize on the success of these ETFs by allocating a portion of their pension funds to reap profits and diversify their investments. Wisconsin, Jersey City, Michigan Allocate Millions To Bitcoin ETFs The first state to take the plunge was Wisconsin, which in May 2023 allocated approximately $98.6 million, or 2% of its pension fund, to…
Michael Saylor, executive chairman of Microstrategy, believes the U.S. government should hold the majority of the world’s bitcoin, arguing this would strengthen the U.S. dollar. Drawing parallels to historic acquisitions, he views bitcoin as a critical asset for the future. Saylor emphasized: “The country gotta look to the future, and the future of the country […] Original
Crypto analyst RLinda has revealed that XRP is showing impressive strength despite the decline in Bitcoin and Ethereum’s price. She explained why XRP suddenly has such a bullish outlook, considering that the crypto token has underperformed since the start of the year. XRP Is The “Strongest” In The Market RLinda mentioned in a post on TradingView that XRP is the strongest in the market. She noted that the crypto token has been holding quite well as traders and investors are again becoming bullish on XRP due to its “improving fundamental…
While many are excited about the Trump speech, not everyone has excitable views on the topic. Bittrex Global CEO Oliver Linch, who is British, brings a more laissez-faire view on the Trump speech. “Will there be any show stoppers, like the bitcoin reserve? Who knows? There’ll be some red meat for the crypto enthusiasts, because of course there will be, but I think the fact that he’s doing it at all is the story.” Linch added: “In the U.K., neither major party even mentioned crypto” in the leadup to that…
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According to the latest U.S. Securities and Exchange Commission (SEC) 13-F filing from Ark Invest’s and 21shares’ ARKB fund, the State of Michigan Retirement System (SMRS) acquired approximately $6.59 million in ARKB shares. This news follows an announcement by Steven Fulop, the mayor of Jersey City, New Jersey, that the city’s pension fund will invest […] Original
Bitcoin (BTC) is poised for substantial price increases in the coming years, according to a recent survey by Finder. The survey, conducted in July 2024, gathered insights from 32 crypto industry specialists, predicting that bitcoin could reach $87,169 by the end of 2024 and surge to $383,514 by 2030. Crypto Specialists Predict Bullish Long-Term Outlook […] Original
The State of Michigan Retirement System has invested $6.6 million in ARK 21Shares’ ARKB spot Bitcoin exchange-traded fund. The ETF investment, disclosed in a 13-F form filed with the SEC, represents a small fraction — 0.004% — of the state’s substantial $143.9 billion pension fund. Michigan’s decision reflects a broader trend of institutional adoption of Bitcoin (BTC), following the lead of other states. The State of Wisconsin Investment Board recently reported a $99 million Bitcoin investment through BlackRock’s IBIT ETF. Another state pension fund has added Bitcoin to its portfolio.…
Based on Thursday’s data, the 11 U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows following Wednesday’s increases. Statistics indicate that $31.16 million was absorbed primarily by Blackrock’s IBIT, although the amount would have been higher if not for the reduction seen by Grayscale’s GBTC. Bitcoin ETF Market Prints $59B Total Value […] Original