World's Largest Asset Manager Blackrock Launches Bitcoin Private Trust Citing 'Substantial Interest' From Clients
The world’s largest asset manager, Blackrock, has launched a spot bitcoin private trust. “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients,” said Blackrock.
Top Analyst Issues Warning – Says Stocks, Bitcoin and Crypto Markets on Verge of Collapse
Closely followed crypto analyst Justin Bennett says that both the stock and digital asset markets, including Bitcoin, are on the verge of another sell-off event.
MicroStrategy denies receiving a margin call against $205M BTC-backed loan
MicroStrategy claims it holds a significant amount of unpledged BTC, which it can use to maintain the required loan-to-value ratio.
JPMorgan CEO Jamie Dimon Warns of Incoming Economic Hurricane — Says 'You Better Brace Yourself'
JPMorgan CEO Jamie Dimon has warned that an economic “hurricane” is coming. “You better brace yourself,” he advised. “We just don’t know if it’s a minor one or Superstorm Sandy.”
Crypto Ownership Heavily Skewed Towards Young People
Almost half of crypto owners globally are in the 18 to 34 age bracket according to ongoing surveys.
Trademark Applications Suggest Meta May Launch Crypto Platform
Technology giant Meta, previously Facebook, has filed five trademark applications for a digital payments platform dubbed 'Meta Pay'.
Tesla CEO Elon Musk Gives Investment Advice He Says 'Will Serve You Well in the Long Term'
Tesla and Spacex CEO Elon Musk has shared his recommended investment strategy, which he believes “will serve you well in the long term.” Some people noted that Musk’s strategy is similar to one adopted by Berkshire Hathaway CEO Warren Buffett.
Former Google CEO Eric Schmidt Starts Investing in Cryptocurrency — Finds Web3 Economics 'Interesting'
Eric Schmidt, a former Google CEO whose net worth is $22.8 billion, reveals that he has put “a little bit” of money into cryptocurrency. He added that he finds Web3’s economics “interesting,” noting that the platforms and the use patterns are interesting.
Musk Not Joining Twitter’s Board But Wants 'Significant Improvements', Teases DOGE Payments Integration
Shortly after purchasing a 9.2% stake in Twitter, Tesla’s CEO Elon Musk has announced that he is hoping to pave the way for “significant improvements” to the social media platform “in the coming months,” and possibly for the integration of dogecoin (DOGE) payments for premium services.
Bank of America Strategist Warns 'Recession Shock' Is Coming, Analyst Says Crypto Could Outperform Bonds
On Friday, Bank of America’s (BOFA) chief investment strategist Michael Hartnett explained in a weekly financial note to clients that the U.S. economy could head into a recession. The BOFA strategist’s note further detailed that cryptocurrencies could outperform bonds and stocks.
Fmr. SoftBank CEO Marcelo Claure Allocates 10% Of Wealth To Crypto
Speaking at the Bitcoin Miami Conference 2022, former SoftBank CEO Marcelo Claure announced the allocation of 10% of its wealth into crypto. Specifically, the former SoftBank executive will put a portion of his capital into BTC as a hedge against inflation.
Is Bitcoin a hedge against inflation?
Why do you need a hedge against inflation? How effective is Bitcoin as a hedge against inflation? Let us first understand what inflation is and how useful the other stuff is to deflate it.
Little White Bias: The O.C. Star Is An Anti-Crypto Writer
Ben McKenzie, actor and star from The O.C., holds a strong skeptical opinion about crypto. He has spent a lot of time digging into the blockchain world, convinced it is all a fraud scheme that he will unveil.
Billionaire Mike Novogratz Says 'People Have Realized Crypto Is Really Popular' — Expects Softer Stance From Lawmakers
Billionaire Mike Novogratz says he is much more optimistic about the crypto market now than he was a month ago. He explained that bond sell-offs and increased crypto adoption have boosted the prices of cryptocurrencies, particularly bitcoin. “I think you are going to see the Democrats taking a softer stance,” he added.
88% of Surveyed High-Net-Worth Art Collectors Interested in Buying NFTs
A whopping 88% of high-net-worth (HNW) traditional art collectors say they are interested in buying digital art in the form of NFTs, a new report on the art market for 2022 has found.
Robert Kiyosaki Warns US Dollar 'About to Implode' — Advises Buying Bitcoin, Ethereum, Solana
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the U.S. dollar is “about to implode.” Among the investments he suggested are cryptocurrencies bitcoin, ethereum, and solana.
You may ‘lose all the money you invest’ in crypto, warns Irish central bank
“Crypto assets are highly risky and speculative, and may not be suitable for retail customers,” argued the regulator.
Old but gold: Can digital assets become part of Americans’ retirement plans?
Unsurprisingly, the role of crypto in retirement investment will depend on the asset class’ mainstream adoption.
Market Cap of Gold-Backed Tokens Crosses USD 1B as Ukraine War Makes the Metal Shine
The interest in gold-backed stablecoins is on the rise, with inflows accelerating after the aggression on Ukraine started. Following the surge in adoption, the combined market capitalization of the two dominant tokens – pax gold (PAXG) and tether gold (XAUT) – for the first time crossed the USD 1bn mark last week.
Elon Musk States He Will Still Hold Onto His Crypto In An Inflationary Environment
Tesla Billionaire Elon Musk stated that he will not sell his bitcoin, ethereum, or doge, briefly spiking the market, after he tweeted about the rate of inflation over the next couple of years.