Thursday, July 29

bitcoin investing

Bank of International Settlements, Bitcoin, bitcoin investing, bitcoin price, BTC price, CBDC, Central Bank Digital Currency, Central Banks, cryptocurrency, crytocurrencies, El Salvador bitcoin, Federal Reserve, Fiat Currency, Fintech, Markets, MI Exclusive, US Dollar

More than half of experts in a recent crypto survey said bitcoin will replace fiat currency by 2050

A local business in El Salvador that accepts bitcoin payments. Alex Pena/Anadolu Agency via Getty Images 54% of fintech experts surveyed expect bitcoin to overtake currencies issued by central banks in global finance by 2050. The move could also take place by 2035, according to 29% of respondents. The majority of the panel see bitcoin as currently undervalued, and the price rising this year to $66,284. See more stories on Insider's business page. Bitcoin, the world's most traded cryptocurrency, will surpass money issued by central banks as the dominant form of finance worldwide in less than 30 years, according to a panel of fintech specialists. 54% of 42 crypto experts surveyed foresee so-called hyperbitcoinization-or the moment that bitcoin overtakes global finance - occurrin...
Bitcoin, bitcoin investing, crypto, crypto investing, Crypto Investments, crypto investors, Cryptocurrencies, cryptocurrency, Markets, MI Exclusive, Michael Saylor, Microstrategy, Microstrategy bitcoin

Bitcoin bull Michael Saylor says the cryptocurrency’s volatility will always hurt those who invest purely to trade

Michael Saylor, CEO of MicroStrategy Joe Raedle/Getty Images Michael Saylor said bitcoin's volatility will always be disappointing for some investors. In an interview with Sven Henrich, Saylor said anyone who invests purely to trade could run into trouble. The MicroStrategy CEO also said he views his bitcoin holdings as long-term tech and savings investments. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin bull Michael Saylor said the cryptocurrency's volatility will always hurt those who invest purely to trade or based on speculation in a recent interview with Northman Trader's Sven Henrich over the weekend. "The people that invest in bitcoin as traders-and they don't, they don't have a technology view or the macro view-they're always going to ...
Bitcoin, bitcoin institutional investor, bitcoin investing, Cryptocurrencies, George Soros, Hedge funds bitcoin, Markets, MI Exclusive, Point72, Soros Fund Management, Steve Cohen

Legendary investor George Soros is trading bitcoin after eyeing digital tokens for years, report says

George Soros is one of the world's most famous investors. ullstein bild Dtl./Getty Images Legendary investor George Soros' fund is to start trading bitcoin, according to a report. Soros Fund Management, thought to manage around $27 billion, started looking at bitcoin in 2018. It would be the latest major fund to invest in bitcoin, which boomed in early 2021 but tumbled in May. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The investment firm of hedge fund legend George Soros is actively trading bitcoin, after its chief investment officer Dawn Fitzpatrick gave the green light to get involved with digital currencies, The Street reported on Wednesday.Soros Fund Management has been looking at investing in cryptocurrencies since 2018. In recent months, a ...
Amber Group, Bitcoin, bitcoin investing, Cryptocurrencies, cryptocurrency investing, Markets, MI Exclusive, Tech Unicorn, Tiger Global

Crypto startup Amber Group hits $1 billion valuation on fresh fundraising, as famed hedge fund Tiger Global joins Coinbase as backer

Bitcoin picked up on Monday after sliding the previous week. Chris McGrath/Getty Images Crypto startup Amber Group has hit a $1 billion valuation after a $100 million fundraising round. Famed hedge fund Tiger Global injected cash, as did Chinese bank China Renaissance. It's the latest sign of institutional interest in crypto startups, which continues despite bitcoin's crash. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Crypto investment startup Amber Group has hit a $1 billion valuation after a $100 million fundraising round that saw famed hedge fund Tiger Global Management invest in the Coinbase-backed company.The round was led by Chinese bank China Renaissance, while Tiger Brokers, Arena Holdings and DCM Ventures also injected money, Hong Kong-based...