Major Traditional Investing House Guggenheim to Invest Up to $530MM

Just one short day following Roubini's Twitter meltdown proclaiming how right he was about BitCoin (and the massive sell-off) Traditional Global Investing and advisory firm Guggenheim to invest Up to $530MM in Bitcoin.  Guggenheim funds stated it would invest up to 10% of net asset value into Grayscale Bitcoin Trust.  So a quick recall just a few short weeks ago Stan Druckenmiller put to work investing money in BTC, this follows investing legend Paul Tudor Jones who say the value in the new asset earlier this fall.  

What is the difference in their approach?   At this time Guggenheim will only invest via Grayscale ETF, no direct, nor indirect investment in Cryptocurrencies.  Take this as a toe in the water approach, they can check the box and say they have some crypto 'exposure'.

A small note but shows continued institutional support for Bitcoin continues to grow.  Are you ready to ride the Tsunami wave?

Enjoy the Journey