Beyond Words
After its previous hostility towards Bitcoin and other crypto assets, Morgan Stanley, a leading investment bank, has increased its exposure to the leading digital assets per its recent filings with the Securities and and Exchange Commission (SEC) on September 27.
A prominent crypto strategist and trader is comparing Bitcoin’s recent slide to when BTC dipped in the spring of 2017 before nearly tripling in value within months.
One of the United States’ largest investment banks, Morgan Stanley, has reportedly doubled its ownership of Grayscale Bitcoin Trust (GBTC) shares since April this year.
Bitcoin is considered the most successful cryptocurrency. It continues to entice investors who previously viewed gold as the de-facto inflation hedge and portfolio insurance.
Personal finance author Robert Kiyosaki is issuing stern warnings about the global economy while telling investors to grab Bitcoin (BTC) and Ethereum (ETH).
After a flash crash, some consolidation, and another crypto ban by China, Bitcoin fell by over 20% from its multi-month high of over $52K. September hasn’t been too kind for the king coin and after a rather sad September BTC needed a massive push. So, as anticipation of Bitcoin’s September blues giving way to October highs heightened the market wished for a miracle to pump BTC price.
“China’s authoritarian crackdown on crypto, including #Bitcoin, is a big opportunity for the U.S. It’s also a reminder of our huge structural advantage over China,” the senator wrote.
The chief executive officer of crypto wallet company Strike says that Bitcoin (BTC) will impact the payments industry once combined with one of the biggest internet networks.
In the light of China declaring all crypto transactions illegal, both memes and FUD flew around the market. Meanwhile, experts and analysts shared their takes on the development.
A crypto investment firm is launching two new products that aim to offer accredited investors the opportunity to add crypto exposure with less of the market’s breakneck volatility.
Tipping has been in a testing phase for a few months now, with the same being rolled out for only iOS at the moment. While Android users should expect a launch soon, it is unclear if desktop users can access the interface as well.
The seven-time Super Bowl winner – Tom Brady – believes that the future belongs to digital technology.
“It will look very different 25 years from now.”
Major US bank Morgan Stanley, is establishing a new cryptocurrency team, as more financial institutions in the US continue to dive into the cryptocurrency industry.
The government of El Salvador took advantage of a recent Bitcoin price drop, with President Nayib Bukele announcing the purchase of another 150 coins that are worth roughly $6.8 million at press time.
The crypto commentator said that deflation can taper off the value of BTC and altcoins to the tune of 80% from their ATHs. Nevertheless, he prescribed, accumulating crypto was the way to go. In the past six months, as inflation was on the rise, in the U.S., several investors stuck to crypto as a hedge against price rise. With a deflationary trend expected by year-end, the commentator suggested not giving in to the FUD.
Bloomberg Intelligence chief commodity strategist Mike McGlone has maintained that Bitcoin still has the potential of hitting the $100,000 target by the end of the year.
The world’s first physical statue of pseudonymous Bitcoin creator Satoshi Nakamoto was presented earlier today to a crowd of people in Budapest, Hungary.
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