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Gold Investor Says that Bitcoin Will Probably Reach $300-500K

25 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

Co-founder of Gold Bullion International, Dan Tapiero, speaking on the Pomp Podcast on Nov. 23, said that he expects Bitcoin to reach six-figure valuations of up to $500,000 within the next 5 years. When asked by Anthony Pompliano about where he saw...

China Bank Halts $3B Blockchain Bond

24 Nov 2020 1 minute read 6 comments Abhimanyu Krishnan

On Nov. 23, China’s second largest bank, the China Construction Bank (CCB), withdrew its listing of $3 billion in debt securities on the blockchain, according to an announcement from partner exchange Fusang. The Fusang exchange said that the CCB had...

PayPal CEO Says Cryptocurrencies Will Have More Utility

24 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

PayPal CEO Dan Schulman, in an interview with CNBC’s Squawk Box on Nov. 23, said that he expects Bitcoin and other cryptocurrencies to be used more as a currency over time. Schulman said that he thinks “that there'll be more utility with cryptocurre...

2020 the decade of hyperbitcoinization begins.

19 Nov 2020 1 minute read 0 comments Galaxie Crypto

2020 is a wonderful year for bitcoin and cryptocurrencies. Development of the DEFI, popularization of bitcoin and other cryptocurrencies, favourable opinion from institutional investors, development of thousands of applications, authorization of stat...

Mexican Magnate Worth $11B Reveals His Portfolio is 10% in Bitcoin

18 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

Mexican billionaire Ricardo Salinas Pliego tweeted on Nov. 18 that 10% of his liquid assets was in Bitcoin, making him yet another billionaire to reveal he had invested in the asset. Pliego’s tweet was a recommendation on his favorite book, “The Bit...

Ray Dalio Says Asks Community to Correct Him on Bitcoin

18 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

Bridgewater Associates hedge fund manager Ray Dalio, a prominent Bitcoin critic, said that he “would love to be corrected” about his views on the asset, and asked Twitter on Nov. 13 to offer arguments in favor of it. Dalio said that he might be "mis...

Skype Co-Founder Keeps His Money in Crypto

17 Nov 2020 1 minute read 6 comments Abhimanyu Krishnan

Skype co-founder Jaan Tallinn, in an interview with Fortune published on Nov. 13, said that he stores most of his wealth in cryptocurrencies. Tallinn, now an investor in the European startup scene, told Fortune that most of his personal wealth was i...

Grayscale Surpasses 500,000 Bitcoins in Its Trust

17 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Digital asset management firm Grayscale Investments now holds over 500,000 BTC in its Bitcoin Trust, the company announced on Nov. 16. The total holdings is worth roughly $8.35 billion or 2.69% of the total Bitcoin supply; the firm almost doubled it...

Our Currency Inflates, Bitcoin Does Not - Says US Senator

17 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Wyoming senator-elect Cynthia Lummis, who will assume office in Jan. 2021, offered a lot of praise for Bitcoin in an interview on ABC’s Good Morning America segment on Nov. 14. When asked about whether she wished to bring Bitcoin in national discuss...

Galaxy Digital Reports Net Income of $44.3M in Q3 2020

16 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

Digital asset management firm Galaxy Digital reported a net income of $44.3 million in its Q3 2020 financial results, which was published on Nov. 13. The firm reported a net income of $44.3 million, a far cry from the $68.2 million loss reported the...