Crypto Snippets from Week of Dec 21 '20
Lots of little stories this week
Jeffereis LLC - Moving 5% from Gold allocation into BTC (another Financial behemoth) - https://finance.yahoo.com/news/jefferies-wood-cuts-gold-exposure-140919878.html
MicroStrategies - bought another slug of BTC, Now have over $1.6BN in BTC purchased just this year. https://www.microstrategy.com/en/company/company-videos/microstrategy-announces-over-1b-in-total-bitcoin-purchases-in-2020
GrayScale - temp closed six (6) Crypto funds to new inestors timing is odd with new All Time Highs being set. https://elevenews.com/2020/12/22/grayscale-halts-new-client-sign-ups-for-btc-eth-and-four-other-trusts/
SEC sued XRP - DooH, this is an Odd Precedent for the entire Crypto sphere!.... https://www.coindesk.com/sec-to-sue-ripple-over-xrp-sales-ceo-says
Theta up 18-20% in single day
Mark Cuban - Stated BTC is a store a value but more a Religion than a solution to any problem https://news.bitcoin.com/shark-tank-mark-cuban-bitcoin-store-of-value-more-religion-than-solution-to-any-problem/
Elon Musk ponders putting all Tesla Billions into BTC https://news.bitcoin.com/elon-musk-tesla-billions-bitcoin-large-transactions/
Summary - this week BTC hit a fresh high and then a few days later lost tons of value in 24 hours. More institutions are announcing plans to purchase or add to their positions.
Enjoy the journey!
