JP Morgan Gives 3 Reasons to Add Bitcoin to Investment Portfolios – Markets and Prices Bitcoin News

JP Morgan has outlined three key reasons why investors should add bitcoin to their investment portfolios. Small allocations to cryptocurrencies would “improve portfolio efficiency due to high returns and moderate correlations,” JPMorgan’s analyst explained. JP Morgan Sees Benefits of Hedging With Bitcoin JPMorgan released a report last week entitled “What cryptocurrencies have and haven’t done for multi-asset portfolios.” Published by the firm’s head of Cross-Asset Strategy division, John Normand, the report explores cryptocurrencies’ use for portfolio diversification. Firstly, the report acknowledges that “Bitcoin has already achieved the fastest-ever price appreciation…

Cathie Wood: More Tech Companies Will Adopt Bitcoin Treasury Reserves

ARK Investment Management CEO Cathie Wood said she believes more companies will load their balance sheets up with bitcoin. In a Saturday interview with Yahoo Finance, the exchange traded fund (ETF) magnate and outspoken bitcoin advocate said large companies have asked her if they should follow Square. Inc’s lead. Square is one of the few public companies to invest in bitcoin as an inflation hedging strategy. “I think we’re going to hear about more companies putting this hedge on their balance sheet,” she said, “particularly tech companies who understand the…

Bitcoin Bulls: ARK invest in Bitcoin l All-Time Highs

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Market Wrap: Bitcoin Hits $34.8K While Ether Volatility Skyrockets

Some bitcoin investors appear to be buying in around $30,000 and taking profits at $40,000, according to one analyst. Meanwhile, ether’s spot market is decoupling from bitcoin and gyrating wildly, according to volatility metrics. Bitcoin (BTC) trading around $32,963 as of 21:15 UTC (4:15 p.m. ET). Gaining 3.5% over the previous 24 hours. Bitcoin’s 24-hour range: $31,650-$34,893 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Jan. 22.Source: TradingView The price of bitcoin…

Alexey Navalny Sees Surge in Bitcoin Donations After Arrest

The standoff between Russia President Vladimir Putin and his main opponent, Alexey Navalny, rose to a new level last week – and so did bitcoin donations to the dissident. Navalny, a Russian politician and vocal critic of Putin, is also a successful bitcoin fundraiser in Russia, receiving 657 BTC in donations over the past five years. The pace of donations accelerated last week, after Navalny was arrested in Moscow and his team published an investigative report describing an over-the-top, luxurious, 168-acre estate with a palace that presumably belongs to Putin.…

Harvard, Yale, Brown Endowments Have Been Buying Bitcoin for at Least a Year: Sources

Some of the largest university endowment funds in the U.S. have been quietly buying cryptocurrency for the past year or so through accounts held at Coinbase and other exchanges, CoinDesk has learned. According to two sources familiar with the situation, Harvard, Yale, Brown and the University of Michigan as well as several other colleges have been buying crypto directly on exchanges. (Several Ivy League endowments took an interest in blockchain technology via crypto-focused venture capital funds back in 2018.) “There are quite a few,” said a source who asked to…

21 Bitcoin Block Rewards from 2010 Wake Up, $236M Worth of ‘Satoshi Era’ BTC Spent in 10 Months – Bitcoin News

On Monday, January 25, 2021, at roughly 2 a.m. (EST), the notorious old school miner from 2010 has spent another consecutive 21 decade-old block rewards with 1,050 bitcoin. This is possibly the same mining entity our newsdesk has been tracking for months. The bitcoin from 2010 moved today follows the exact same pattern as all the block reward strings our team has caught waking up during the last ten months. For quite some time now, news.Bitcoin.com has been monitoring so-called ‘sleeping bitcoins’ that are starting to wake up after ten…

Ethereum Beats Bitcoin Performance Two Years Straight, What’s Next?

Ethereum only just broke its former all-time high, while Bitcoin left took that record back in 2020. However, an investment in the top-ranked altcoin at any point since the 2018 bottom, has resulted in a much higher higher ROI than an equal part USD investment in BTC. Why does this incredible over-performance exist? And will it continue into the future, or is it time for a reversal in the trend? Bitcoin Rising Tide Lifts Greater Crypto Market Once Again The quote “a rising tide lifts all boats” applies well to…

The Bitcoin Whales Won’t Stop Buying

According to a number of different data points, bitcoin whales saw last week’s volatility and price declines as a chance to accumulate. This episode is sponsored by Nexo.io. Today’s grab-bag episode looks at five different topics: Bitcoin whales kept accumulating during last week’s dip Jim Cramer advises Powerball winner to put 5% in bitcoin Previewing the first FOMC meeting of the Biden Administration Earnings week on Wall Street looks good for Big Tech An insider’s look at the state of crypto venture capital Image credit: munandme/Getty Images Plus Original