Among the investors surveyed, 12.6% have invested in a crypto asset, while only 12.1% of them held an investment in any precious metal. About one third of those cryptocurrency buyers invested in digital assets for the first time following the March 2020 market crash that came with the beginning of the coronavirus pandemic, the report said. And, half of the new crypto buyers plan to become hodlers, with no intention of selling anytime soon.
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$8.7T BlackRock jumps into bitcoin as JPMorgan analysts say beware
BlackRock, the world’s largest asset manager, opened up to using bitcoin futures as a hedge a day before JPMorgan analysts called BTC ‘the least reliable hedge’
BlackRock revealed in Jan. 20 filings with the U.S. Securities and Exchange Commission (SEC) that its BlackRock Funds V and BlackRock Global Allocation Fund have added bitcoin futures to their eligible investments, both for speculation and hedging.
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‘Bitcoin is better at being gold than gold’: SkyBridge Capital’s Scaramucci
Wall Street Star Anthony Scaramucci also said that if the new digital gold’s market cap reaches just half of old yellow gold’s—about $5 trillion—BTC’s value would increase tenfold
Scaramucci is the latest traditional finance heavyweight to join the ranks of open Bitcoin proponents. As Modern Consensus reported in mid-December, the participation of institutional investors and big-name investors is the main reason why many believe this Bitcoin bull run to be different from the previous ones.
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J.P. Thieriot wants to kick over finance as you know it
Digital money platform Uphold lets users trade everything from bitcoins and stock to gold and carbon emission credits—and put them on a debit card
It’s an ambitious—to say the least—goal for the trading app company, which in September added the ability to trade fractional shares of 50 U.S.-based stocks to its list of 36 cryptocurrencies, 27 fiat currencies, four precious metals and—as of Dec. 1—tokenized carbon offset credits.
