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Ray Dalio Reiterates Bitcoin’s “Merit” As A Portfolio Diversifier, Calls it “Younger Generation’s Alternative to Gold”
Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, with more than $220 billion in Assets Under Management (AUM), yet again spoke in favor of having Bitcoin in an investment portfolio. äàëüøå »
2021-12-16 20:14
Insurance Provider Lemonade (LMND) Discloses Bitcoin Holding on Balance Sheet
Millennial-oriented Insurance provider Lemonade unveiled in its filing with the Securities and Exchange Commission (SEC) that it purchased $1 million worth of Bitcoin in June 2021. In June, Bitcoin price traded between $30k and $40k. äàëüøå »
2021-12-15 17:54
Bitcoin A Smart Hedge For Investors, says Chairman of $100 Billion Starwood Capital Group
While “there's a lot of fascination” for BTC to be worth $100k or $25k to PayPal CEO, it’s programmable money, NFTs, and DeFi that’s “really interesting.” The post Bitcoin A Smart Hedge For Investors, says Chairman of 0 Billion Starwood Capital Group first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-4 18:35
MicroStrategy Buys 7,002 BTC At An Average Price of About $59k for Over $414 Million
MicroStrategy has purchased another batch of Bitcoin. This time the business intelligence company which first started buying Bitcoin in August 2020 added 7,002 BTC to its stash. MicroStrategy’s latest purchase cost them $414. äàëüøå »
2021-11-29 20:30
Hedge Fund Manager, Paul Tudor Jones, Prefers Crypto Over Gold Which is “Clearly Winning The Race”
Much like the crypto community, the billionaire investor said he would rather own Bitcoin itself than the futures-tied ETF but said investors should “take great comfort” that it’s approved by the SEC. äàëüøå »
2021-10-21 19:00
Chainalysis is Seeking Other Cryptocurrencies for Investment After Adding Bitcoin to Its Balance Sheet
Blockchain data analytics platform Chainalysis announced this week that it now holds Bitcoin on its balance sheet. On Tuesday, Chainalysis said Bitcoin technology and financial services firm NYDIG played a critical role in enabling the company to buy and custody Bitcoin. äàëüøå »
2021-10-20 17:47
Beyond Store of Value – How Can Bitcoin Be A Viable Medium of Exchange and Unit of Account?
How can a good store of value (SoV) also be a good medium of exchange (MoE) and unit of account (UoA)? Seems too perfect, right? With Bitcoin expected to rise in value forever, wouldn't it be prohibitive to use Bitcoin for paying for things? This perspective comes from measuring Bitcoin's value in an inferior, depreciating […] The post Beyond Store of Value – How Can Bitcoin Be A Viable Medium of Exchange and Unit of Account? first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-14 20:45
Insurance Giant Sees Bitcoin As A “Store Of Value” And A “Potential For Significant Price Appreciation”
MassMutual CIO says it would take multiple market cycles to determine if Bitcoin serves as an inflation hedge. Meanwhile, Billionaire private equity investor Orlando Bravo asks, “How could you not love crypto?” The post Insurance Giant Sees Bitcoin As A “Store Of Value” And A “Potential For Significant Price Appreciation” first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-1 17:11
Bitcoin ‘Early’ in the ‘Adoption Curve’ and Has ‘Significant Upside Potential’ as Digital Gold, says Miller Opportunity Trust in SEC Filing
Billionaire manager Bill Miller invested in GBTC when it was at a steep discount as it provided “additional upside potential.” Also bought $21.5 mln of COIN shares, calling it “quite a steal.” The post Bitcoin ‘Early’ in the ‘Adoption Curve’ and Has ‘Significant Upside Potential’ as Digital Gold, says Miller Opportunity Trust in SEC Filing first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-5 19:36
Michael Saylor’s MicroStrategy Buys 3,907 BTC for $177M, Holding Nearly 109k Bitcoins ($2.918B)
Publicly-listed business intelligence company MicroStrategy which holds Bitcoin on its balance sheet, announced on Tuesday that it had bought an additional 3,907 BTC for $177 million in cash. The company now holds a total of $108,992 Bitcoin, acquired for just over $2. äàëüøå »
2021-8-24 17:14
Auto Insurer Metromile Adds $1 Million worth of Bitcoin to its Balance Sheet
Car insurance company Metromile invested $1 million in Bitcoin during the six months ended June 30, 2021. “During the six months ended June 30, 2021, the Company purchased an aggregate of $1. 0 million in digital assets, comprised solely of bitcoin,” reads the company's SEC filing on Tuesday. äàëüøå »
2021-8-12 20:02
MSTR Stocks Are A “Leverage Long” Bet on Bitcoin, says MicroStrategy CEO Michael Saylor
“We've been very intelligent about the way we put together the leverage,” said Michael Saylor, who is not interested in diversifying into other cryptos because he believes “holding Bitcoin for the long term is the highest upside lowest risk strategy” he can pursue. äàëüøå »
2021-7-31 16:25
MicroStrategy Will Continue to ‘Deploy Additional Capital’ in its Digital Asset Strategy: CEO Michael Saylor
The company will basically continue to pursue its corporate strategy of acquiring and holding Bitcoin, which they see as a “dependable store of value...untethered to sovereign monetary policy.” The post MicroStrategy Will Continue to ‘Deploy Additional Capital’ in its Digital Asset Strategy: CEO Michael Saylor first appeared on BitcoinExchangeGuide. äàëüøå »
2021-7-30 16:02
Allied Payment Network to Put BTC on Balance Sheet & Allow Bill Pay In Bitcoin
Allied has partnered with NYDIG to offer Bitcoin services. According to its CEO, providing access to Bitcoin is a “game-changer.” The post Allied Payment Network to Put BTC on Balance Sheet & Allow Bill Pay In Bitcoin first appeared on BitcoinExchangeGuide. äàëüøå »
2021-7-6 19:46
Mexico’s 3rd Richest Man Bashes Fiat as “Fraud,” says Bitcoin Should be in Every Investor’s Portfolio
Ricardo Salinas Pliego says he is working on making his bank the first in Mexico to accept Bitcoin, which he called “the new gold.” The post Mexico’s 3rd Richest Man Bashes Fiat as “Fraud,” says Bitcoin Should be in Every Investor’s Portfolio first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-29 20:38
Dips ‘Not Yet Eroding’ Bitcoin’s Long-Term Potential for Wealthy Investors Allocating 1%-3%
Members of Tiger 21, a network of over 900 wealthy investors, are putting in more money in cryptocurrency markets though still at low levels. Members are investing more directly in blockchain and cryptocurrencies, giving them the same 1% to 3% allocation in portfolios like gold which has been seen as an instability hedge. äàëüøå »
2021-6-24 15:12
Bitcoin and Gold “Inversely Correlated,” One is a Risk Asset and Other Safe Asset: BofA Head of Commodities
According to Francisco Blanch, bitcoin is good for “creating a new ecosystem of value transfer” and a new economic organization based on the stakeholder economy as opposed to the current shareholder economy. äàëüøå »
2021-6-23 17:10
MicroStrategy Now Owns 105,085 Bitcoin in Total After the Latest Buy at an Average Price of $37,600
Publicly-listed MicroStrategy has bought another 13,005 BTC for about $489 million in cash at an average price of approximately $37,617 per bitcoin. Meanwhile, today the price of Bitcoin dropped as low as $31,750. äàëüøå »
2021-6-22 17:49
To Acquire Even More Bitcoin, MicroStrategy will Now Sell up to $1 Billion of its Shares
MicroStrategy Inc. has filed a “shelf” registration with the U. S. Securities and Exchange Commission (SEC) to sell up to $1 billion in common shares for general purposes. These funds will be used to purchase more Bitcoin. äàëüøå »
2021-6-16 18:30
Paul Tudor Jones Says 5% of Portfolio in Bitcoin; A Store of Wealth the Same as Gold, Cash, and Commodities
Paul Tudor Jones says “Go All-In” and “Buy Crypto”, Gold & Commodities if Fed Doesn’t Create A “Taper Tantrum” This Week The post Paul Tudor Jones Says 5% of Portfolio in Bitcoin; A Store of Wealth the Same as Gold, Cash, and Commodities first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-14 18:23
Senator Ted Cruz: Investors Attracted to “Bitcoin as a Hedge” Against Inflation Due To Biden’s $7T Spending
Senate Foreign Relations Committee member Ted Cruz, R-Texas, believes Bitcoin has a lot of potential. In an interview with Sean Hannity on Fox News, when asked about the cryptocurrency, Sen. Cruz said its growth is the result of inflation caused by monetary policy. äàëüøå »
2021-6-13 16:21
Big Tech Critic at the White House is Revealed to Be A Bitcoin Millionaire
Tim Wu, who called Bitcoin a “bubble” at the height of the 2017 bull market while seeing its potential as a “store of value,” currently has Bitcoin as the largest holding in his financial portfolio. äàëüøå »
2021-6-8 17:32
Michael Saylor Launches MacroStrategy Subsidiary to Hold Bitcoin, Raising $400M Debt to Buy More BTC
Michael Saylor’s publicly listed analytics and business intelligence company wants to add more Bitcoin to its coffers which already holds approximately 92,079 BTC. Interestingly, these BTC will be held by a newly formed subsidiary, MacroStrategy LLC. äàëüøå »
2021-6-7 17:55
Bitcoin is An Alternative to Copper As A ‘Risk-On’ Inflation Hedge Instead of ‘Risk-Off’ Gold: Goldman Sachs Analyst
Instead of gold, cryptocurrencies are an alternative to copper as a hedge against inflation, said Jeff Currie, global head of commodities research at Goldman Sachs. Bitcoin has been deemed as a hedge against the rising prices, giving competition to the traditional safe-haven asset precious metal. äàëüøå »
2021-6-3 19:51
Gold Reverses the Trend as Funds Record Biggest Two Weeks of Inflows since October
Bitcoin, meanwhile, has been having its record outflows amidst the recent correction. Gold price is also on an uptrend above $1,900 while BTC is struggling for a strong move. The post Gold Reverses the Trend as Funds Record Biggest Two Weeks of Inflows since October first appeared on BitcoinExchangeGuide. äàëüøå »
2021-5-28 14:56
Billionaire Investor Carl Icahn Looking to Invest in Crypto in ‘Big’ Way, Potentially $1.5 Billion Dollars
But his preference seems to be Ethereum over Bitcoin as while the latter is only a store of value, Ethereum is both a payment system and an SoV. The post Billionaire Investor Carl Icahn Looking to Invest in Crypto in ‘Big’ Way, Potentially . äàëüøå »
2021-5-27 15:56
Latin America IT Giant Globant S.A Stakes $500,000 In BTC Investment
Globant Joins the ‘Bitcoin Express’ In a detailed financial statement forwarded to the Securities and Exchange Commission (SEC), Globant said that it has been making crypto investments for some time now. äàëüøå »
2021-5-26 18:58
Former US Treasury Secretary says Crypto is “Here to Stay” as a “Kind of Digital Gold”
According to Lawrence Summers, “Crypto has a chance of becoming an agreed form that people who are looking for safety hold wealth in.” The post Former US Treasury Secretary says Crypto is “Here to Stay” as a “Kind of Digital Gold” first appeared on BitcoinExchangeGuide. äàëüøå »
2021-5-24 20:02
Bridgewater Associates CEO Ray Dalio Owns Bitcoin, But Cautions its ‘Greatest Risk is its Success’
We’re in the part of the cycle where gold, bitcoin, real estate, everything is going up, but with the US dollar on the verge of devaluation and inflation looming, future expected returns go down after a point, meaning there’s “no longer the incentive to buy those things. äàëüøå »
2021-5-24 18:33
The Wharton School Will HODL its Largest-Ever Donation Received in Bitcoin
The University of Pennsylvania has received its largest-ever donation of $5 million in Bitcoin. The university hasn’t disclosed the donor's identity, but the donation has been made to support the activities of a research center at its Wharton school of business. äàëüøå »
2021-5-22 22:00
Aker ASA Considering Accepting Bitcoin as Payment; Elon Musk’s Remarks Change Nothing
The company that invests in oil and gas, renewable energy, and green technologies and is interested in Bitcoin for the long term is focused on understanding how Bitcoin “will change behavior patterns and the markets. äàëüøå »
2021-5-15 17:13
Square CFO: “No Plans” to Buy More Bitcoin At This Time After Losing $20M Due to Price Drop
Jack Dorsey’s Square will focus on “other opportunities” to learn with bitcoin and will be part of the crypto needing “innovation in terms of renewables and clean energy.” The post Square CFO: “No Plans” to Buy More Bitcoin At This Time After Losing M Due to Price Drop first appeared on BitcoinExchangeGuide. äàëüøå »
2021-5-15 20:39
Bitcoin Is “One Of The Best Speculations Ever,” Says Billionaire Investor Bill Ackman
While kicking himself for not understanding cryptos, he warned that the inflation is “not temporary” and the Fed is “going to have to raise rates” because at the current level, “there's a very good risk of the economy overheating. äàëüøå »
2021-5-13 19:30
Almost 90% Respondents Interested in their Insurance Products Having Links with BTC: Survey
About 46 million Americans now own Bitcoin, representing about 17% of the population over the age of 18, according to an NYDIG survey. Still, the majority, 53%, don’t own crypto assets, but 55% said that they would consider adding digital assets to their investment portfolio. äàëüøå »
2021-5-13 22:35
Palantir says Bitcoin Is ‘Definitely on the Table’ to be Put on the Balance Sheet
The company, co-founded by Peter Thiel, Joe Lonsdale, and CEO Alex Karp that makes software and analytics tools for large corporations and the defense industry, announced that it accepts Bitcoin during its 1Q21 earnings call, reporting a 49% revenue growth. äàëüøå »
2021-5-11 19:44
Facebook CEO, Mark Zuckerberg’s Cryptic Bitcoin Message Has the Market Excited
Mark Zuckerberg, the co-founder of an $875 billion market cap company holding $62bn cash on its balance sheet, is now rumored to have a big Bitcoin position. The post Facebook CEO, Mark Zuckerberg’s Cryptic Bitcoin Message Has the Market Excited first appeared on BitcoinExchangeGuide. äàëüøå »
2021-5-11 16:13
South American MercadoLibre Adds $7.8 Million worth Bitcoin to its Treasury
The online marketplace company also posted a larger quarterly loss, hit by a higher tax bill. Meanwhile, its fintech arm, Mercado Pago, reported a surge of 81. 8% in total payment volume during the pandemic. äàëüøå »
2021-5-7 17:26
MicroStrategy May Purchase More BTC, But May “Sell” and “Decrease its Overall Holdings of Bitcoin”
Publicly-traded business intelligence company MicroStrategy released its Q1 2021 financial results, revealing “one of the strongest operational quarters” in its business in years. More importantly, MicroStrategy continues to HODL all 91,579 BTC that it has purchased so far. äàëüøå »
2021-4-30 16:55
Larry Summers: Bitcoin and Cryptocurrencies are Emerging as Kind of ‘Digital Gold’
The former Treasury Secretary also wants the Fed to be a “bit more aggressive” in their approach to CBDCs. The post Larry Summers: Bitcoin and Cryptocurrencies are Emerging as Kind of ‘Digital Gold’ first appeared on BitcoinExchangeGuide. äàëüøå »
2021-4-30 15:52
Japanese Gaming Giant Nexon Invests $100 Million in Bitcoin (1,717 BTC)
Online game provider Nexon announced that it had purchased $100 million worth of Bitcoin, representing less than 2% of Nexon’s total cash and cash equivalents on hand. By acquiring 1,717 BTC at an average price of $58,226, Nexon has become the first publicly-traded company in Japan to do so. äàëüøå »
2021-4-28 16:04
Tesla Simply Trimmed its BTC Position, Which Remains Increased as a Percentage of its Balance Sheet
While CEO Elon Musk points to liquidity, CFO reiterates the company's long-term belief in the value of Bitcoin. The post Tesla Simply Trimmed its BTC Position, Which Remains Increased as a Percentage of its Balance Sheet first appeared on BitcoinExchangeGuide. äàëüøå »
2021-4-28 20:01
Sean Culkin Becomes the First NFL Player to get His Entire Salary in Bitcoin, Trevor Lawrence also Joins in
Chiefs tight end has been interested in BTC for years, which he believes is the “future of finance,” and now he gets to have “real skin in the game. ” Meanwhile, the former Clemson quarterback signed an endorsement deal with FTX and received his first payment exclusively in crypto into his Blockfolio account. äàëüøå »
2021-4-26 18:05
Olives Are A Better Inflation Hedge Than Bitcoin, says “Black Swan” Author
Olives are a shitty monetary asset, contrary to what bitter nocoiners may claim, counters Saifedean Ammous, author of The Bitcoin Standard. The post Olives Are A Better Inflation Hedge Than Bitcoin, says “Black Swan” Author first appeared on BitcoinExchangeGuide. äàëüøå »
2021-4-24 20:16
WeWork to Accept Bitcoin, Ether, USDC, & PAX as Payment & HODL Them on Balance Sheet
WeWork is the latest company to start accepting cryptocurrencies as a form of payment. In partnership with payment processor BitPay and cryptocurrency exchange Coinbase, the office-sharing startup will be accepting selected cryptos — Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Paxos (PAX) among several unnamed ones. äàëüøå »
2021-4-21 18:19
BlackRock CEO Larry Fink says He believes Bitcoin ‘Can Become A Great Asset Class’
After reporting a record $9 trillion in AUM, Larry Fink said, “We’re studying it” and making “money on it.” The post BlackRock CEO Larry Fink says He believes Bitcoin ‘Can Become A Great Asset Class’ first appeared on BitcoinExchangeGuide. äàëüøå »
2021-4-15 18:51
TIME Will Hold Bitcoin on its Balance Sheet In Partnership with Grayscale Investments
TIME Magazine is ready to go all the way with Bitcoin. The renowned publication will start accepting Bitcoin as a form of payment in partnership with the world’s largest digital asset manager Grayscale Investments. äàëüøå »
2021-4-14 17:38
Billionaire Investor Daniel Loeb’s Third Point ‘Outed as a HODLr’
Billionaire investor Daniel Loeb’s Third Point LLC is the latest firm to own cryptocurrency. Last month, Loeb took to Twitter to share that he has been “doing a deep dive into crypto. ” On the reports of Third Point owning crypto, Loeb tweeted, “Outed as a hodlr. äàëüøå »
2021-4-12 16:44
Chinese Company Meitu Buys Another $10M Bitcoin, Now Owns $100 Million in BTC and Ether
Publicly-traded Chinese company Meitu announced the purchase of an additional 175. 6 Bitcoin at approximately $10 million, as per the filing published on April 8. With this latest purchase, the company has completed its $100 million worth of crypto, Bitcoin, and Ether combined, accumulating ever since adopting a “cryptocurrency investment plan” in March this year. äàëüøå »
2021-4-9 20:05
MicroStrategy Buys Another 253 BTC, Now HODLs 0.5% of Bitcoin’s Circulating Supply
MicroStrategy took advantage of yet another consolidation. The publicly-traded business intelligence company announced on Monday that they had purchased an additional 253 BTC for $15 million in cash at an average price of $59,339 per BTC. äàëüøå »
2021-4-6 17:23
Square CFO says ‘There’s Absolutely A Case For Every Balance Sheet To Have Bitcoin On It’
The company’s $220 million investment in Bitcoin, representing 5% of their cash, is a long-term hold. The post Square CFO says ‘There’s Absolutely A Case For Every Balance Sheet To Have Bitcoin On It’ first appeared on BitcoinExchangeGuide. äàëüøå »