Category: microstrategy

After $750M Bitcoin Allocation, Ruffer Investment Says BTC is Early in Its Safe Haven Cycle

Amid the recent warnings issued by the UK Financial Conduct Authority on crypto scams, the giant asset manager Ruffer Investment has defended its decision to allocate about 2.5% of its portfolio in BTC. The UK-based company with over $27 billion AUM said that bitcoin’s adoption is still early as most investors are “desperate” for alternative […]

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Six-Figure Bitcoin Price Predictions Back on The Table

This has resulted in the renewal of six-figure price predictions for this market cycle, with some suggesting a top of $300,000 this time around. At the time of writing, Bitcoin was trading at $37,900 after reaching an intraday high of $40,000 according to Tradingview.com. The asset had started to fall back during the Asian trading […]

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After Buying Over $1 Billion In BTC, MicroStrategy to Host an Educational Bitcoin Conference

The NASDAQ-listed business intelligence giant MicroStrategy will host an online conference to educate large organizations about the potential merits of investing in bitcoin. Called “Bitcoin for Corporations,” the initiative has also received support from other industry giants such as Gemini, Binance, Coinbase, Fidelity, Grayscale, and more. Bitcoin For Corporation Coming In February The company’s founder […]

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Bitcoin: MicroStrategy and Bakkt will push crypto market to $3 trillion

Bitcoin: MicroStrategy and Bakkt will push crypto market to $3 trillion

Microstrategy will be holding a free online course on Bitcoin for potential largeinvestors to attract more heavyweights into the market. Bitcoin exchange Bakkt predicts that the market capitalization of the crypto market will grow to $3 trillion by 2025. After Bitcoin was able to reach the historic all-time high of just under $42,000, a consolidation […]

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Morgan Stanley Eyeing Bitcoin With Latest Acquisition

There is no denying that institutions and the big players have been the catalyst for this current crypto market cycle and that notion has been reaffirmed by Morgan Stanley’s latest acquisition. According to reports, Morgan Stanley’s investment management arm boosted a stake in Bitcoin vehicle MicroStrategy Inc. to more than 10% late last year. The […]

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Fund Manager Bill Miller Lauds BTC- Says ‘Bitcoin Could Be Rat Poison, and the Rat Could Be Cash’

Fund Manager Bill Miller Lauds BTC- Says ‘Bitcoin Could Be Rat Poison, and the Rat Could Be Cash’

Fund Manager and founder of Miller Value Partners, Bill Miller says holding bitcoin is better than holding cash because the digital asset is immune to the bad policies of the U.S. Federal Reserve. Writing in the 2020 Q4 Market Letter, Miller explains that some companies are already converting to bitcoin in order to avoid incurring […]

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Bitcoin (BTC) Hits New All-Time High Above $35,500, SkyBridge Founder Says “Buy and Hold”

Bitcoin (BTC) continues to make a bold move northwards hitting a new all-time high above $35,500 levels. At press time, BTC is trading 15% up at $35.320 with a market cap of $657 billion. As per analysts Ki-Young Ju, this BTC price rally is because of institutional as well as retail participation. Over the last […]

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Microstrategy’s BTC Holdings More Than Double in Value to $2.4 Billion Four Months Later

Microstrategy’s BTC Holdings More Than Double in Value to $2.4 Billion Four Months Later

The continuing bitcoin price rally has seen the value of Microstrategy’s total holdings of the digital asset go up by 100%. Specifically, the company has seen the value of its initial haul of 38,250 coins grow to over $1.3 billion from the $425 million spent. Market Capitalization By Almost 200% The growth in value of […]

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5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

In yet another leg up, Bitcoin recorded a brand new all-time high just shy of $35,000. While this may have seemed surprising a few weeks back, at this point, most are somewhat used to it. The cryptocurrency is charting consecutive highs daily, and it shows no signs of slowing down. The spike may bring some […]

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BTC to Gold Exchange Rate Surges to New All Time High of 17 Ounces per Bitcoin

BTC to Gold Exchange Rate Surges to New All Time High of 17 Ounces per Bitcoin

Bitcoin’s record-breaking rally is continuing into the new year with the bitcoin to gold exchange rate touching a new all-time high of 17.38 ounces per bitcoin. According to data from Marketwatch, the new high easily surpasses the all-time high recorded on January 01, 2021, of 10.74 ounces per coin. The new milestone comes as the […]

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