Cryptocurrency Analysis and News Portal
In brief: Evidence points towards US citizens using there $1,200 stimulus checks to buy Bitcoin (BTC). Grayscale Capital’s recent quarterly report provides a clue as to institutional interest in Bitcoin (BTC). The King of Crypto is hovering around $7,200 and looks set to start a climb up to $8,000. For the last 72 hours,
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A secretive yet reportedly highly lucrative hedge fund now has the green light to invest in Bitcoin (BTC) futures markets. In a brochure originally dated March 30, the United States regulator the Securities and Exchange Commission (SEC) confirmed that Renaissance Technologies’ Medallion Funds now have access to the burgeoning Bitcoin futures
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Bitcoin rebounded by almost 94 percent after bottoming out below $4,000 in mid-March. And the cryptocurrency could extend its upside momentum, according to a prominent investment management firm.Coincident Capital said Tuesday that the bitcoin price could hit $8,000, taking cues from the recovery of global equities amidst an otherwise looming
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In the midst of bitcoin’s explosive surge that took its prices above $9,000 per token, Mohit Sorout of Bitazu Capital reiterated his $13,000 price target of the cryptocurrency.The hedge fund manager tweeted a bitcoin chart that showed the cryptocurrency tailing the path of his bullish prediction from late February. He
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The growing U.S. workforce and retirement of the boomers will force the Fed to double its balance sheet. The expansion of the Fed’s balance sheet will lead to low or even negative yields. These conditions will drive investors to seek assets that are scarce and bitcoin is the number one candidate. By now,
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Mainstream financial entities are beginning to see Bitcoin (BTC) as a non-correlated asset, a concept Morgan Creek Digital Co-founder Anthony Pompliano has been promoting for over a year. “If Bitcoin is not likely to correlate to economic factors, or to traditional equities and fixed income securities, then Bitcoin could serve
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Anthony Pompliano, Co-Founder of digital asset management company Morgan Creek Digital, said his view of Bitcoin (BTC) as a global hedge has solidified over time. “I think it’s always been part of the conversation,” Pompliano told CryptoX in a Jan. 30 interview on his notion of Bitcoin as a traditional
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This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Ari Paul is CIO and managing partner of BlockTower, an investment firm.Cryptocurrency has many value propositions, including censorship resistance, seizure resistance, and global coordination without
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Lightning Capital is a small hedge fund, with roughly $500,000 of assets, but Hwang's prediction adds to a growing number of estimates from investors and analysts trying to gauge the potential impact of the halving - where the number of bitcoin mining rewards created every 10 minutes is sliced in
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Crypto Fund Research, one of the largest databases of crypto hedge funds based in San Fransisco, conducted an analysis and found out that almost 70 crypto hedge funds will be closing this year, as reported by Bloomberg. The hedge funds in focus mainly catered to family offices, pensions and affluent
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