Grayscale Bitcoin Trust is the world’s biggest Bitcoin fund, which it says worth $19.1 billion as of Jan. 4. Grayscale saw rapid growth this year, and in September was once even reported to be buying $200 million worth of Bitcoin in three days.
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JPMorgan Chase CEO still isn't a bitcoin fan, but his analysts see it going to $146,000 (Photo: WEF)JPMorgan analysts: Bitcoin will reach $146K, but not soon
The bank predicted that before heading beyond $146,000 Bitcoin would need to significantly decrease its volatility—a process it believes will take years
To do that, it will need to continue attracting large institutional investors. And to do that, Bitcoin would have to become far less volatile than it is now. That’s already happening, the JPMorgan note pointed out, with an analyst suggesting that there’s “little doubt that the institutional flow impulse into Bitcoin is what distinguishes 2020 from 2017.”
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Ukraine is the latest country to start working in earnest towards a central bank digital currency (Photo: Wikimedia Commons)Ukraine selects Stellar to develop a digital currency
The Ukranian government partners with the Stellar Development Foundation to build the infrastructure for a central bank-issued digital assets
“The Ministry of Digital Transformation is working on creating the legal environment for the development of virtual assets in Ukraine," said Deputy Minister for IT Development Oleksandr Bornyakov. "We believe our cooperation with the Stellar Development Foundation will contribute to development of the virtual asset industry and its integration into the global financial ecosystem.”
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Bitwise crosses $500M in assets under management
The crypto index fund provider and asset manager’s assets increased fivefold since the end of October
“The speed at which professional investors are moving into crypto right now is remarkable,” said Bitwise co-founder and CEO Hunter Horsley, noting that a growing number of institutional investors are increasingly convinced that it has a place in mainstream portfolios.
