Replies to post #19744 on Bitcoin (BTCUSD)

[Investors3]

Motley Fool adding $5M in Bitcoin to its ‘10X portfolio’ — has a $500K price target
February 17 2021 - 08:14PM
Cointelegraph

“We plan to hold this Bitcoin investment for many years and we'll wait for all of our members in our new 10X service to be able to buy before we do.”

https://ih.advfn.com/stock-market/COIN/BTCUSD/crypto-news/84367793/motley-fool-adding-5m-in-bitcoin-to-its-10x-por

JOSHUA MAPPERSON
2 HOURS AGO
Motley Fool adding $5M in Bitcoin to its ‘10X portfolio’ — Has a $500K price target

“We plan to hold this Bitcoin investment for many years and we'll wait for all of our members in our new 10X service to be able to buy before we do.”

https://cointelegraph.com/news/motley-fool-adding-5m-in-bitcoin-to-its-10x-portfolio-has-a-500k-price-target

Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin (BTC) with the expectation that it will rise to $500,000.

Announced earlier today via a blog and Twitter post, the firm stated it won’t be “buying overpriced ETFs” but will be “buying Bitcoin directly.” Currently ranked fifth globally in the investing category, according to SimilarWeb, and with 87 million website visits per month, The Motley Fool outlined three core reasons behind the purchase: Bitcoin is a better store of value than gold, it's an effective hedge against inflation and it has the potential to become a transactional asset.

Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin (BTC) with the expectation that it will rise to $500,000.

Here’s why:

1. We believe it will store value more effectively than gold over the long term.
2. We believe it may become a medium for transactions, as/if pricing stabilizes in the decade ahead.
3. We believe it can act as a productive hedge against inflation.

— The Motley Fool (@themotleyfool) February 17, 2021

The firm will be investing in Bitcoin through its 10X real-money portfolio as one of 40 assets that it predicts will provide a 1,000% return over the next 15 years. The firm has recommended the digital asset as a core holding to all its 10X members and has provided time for them to purchase BTC before The Motley Fool initiates its own purchase.

Due to the long-term commitment, the announcement explains that volatility is of little concern.

“While Bitcoin may very well continue to be volatile in the short term, we think it has 10x potential from today's levels over the long term as part of a diversified portfolio. We plan to hold this Bitcoin investment for many years.”

Should the company’s prediction prove true, it will see Bitcoin passing $500,000 within the next 15 years. The Motley Fool says it has a solid track record with its investments.

The Motley Fool has so far named 10 of the 40 investment picks for the 10X portfolio, with the others being cloud computing company Appian Corporation, Swiss biotech firm CRISPR Therapeutics, cybersecurity firm CrowdStrike, e-commerce platform Etsy, genetic testing platform Fulgent, insurer Lemondate, social media platform Pinterest, mobile gaming platform Skillz and video communication firm Zoom. It is worth noting that many of these stocks have already been recommended in the firm’s other, more basic investment services.

The advisory firm has been aware of cryptocurrencies for years now, with a 2017 analysis suggesting that Bitcoin’s biggest competitor was not Ethereum but Litecoin.

[Investors3]

Bitcoin Is Now a Trillion-Dollar Asset: Where Do We Go From Here? — [CoinDesk Podcast Network, EP. 518]
Feb 19, 2021
Nathaniel Whittemore

The milestone isn’t just psychological, and potentially opens entire new groups of investors who couldn’t participate previously.

https://www.coindesk.com/podcasts/coindesk-podcast-network/bitcoin-is-now-a-trillion-dollar-asset-where-do-we-go-from-here

Bitcoin is officially a $1 trillion asset. As the price surged over $54,000, the total market cap of bitcoin reached the new all-time high.

In this episode, NLW explores the significance of the milestone, arguing:

* There has been a slate of good news, from BlackRock rumblings to
Canadian ETFs that have been driving recent price action

* There are a variety of institutions that couldn’t allocate to the
space before because it was too small but which are now in play

* In the wake of the milestone, we’re likely to see more research
house FUD

* We’re also likely to see a number of major bitcoin positions
announced in the days to come

[Investors3]

BlackRock is trading Bitcoin futures, how much BTC is held by institutions?
March 31 2021 - 04:56PM
NEWSBTC

Per a Coindesk report and a regulatory filing with the Securities and Exchange Commission (SEC), investment firm BlackRock has begun trading in Bitcoin futures. BlackRock has reportedly allocated a small part of its portfolio in BTC on the Chicago Mercantile Exchange financial derivatives platform. With $8.6 trillion in assets under management (AUM), BlackRock is one […]

https://ih.advfn.com/stock-market/COIN/BTCUSD/crypto-news/84724086/blackrock-is-trading-bitcoin-futures-how-much-btc

BlackRock is trading Bitcoin futures, how much BTC is held by institutions?
Reynaldo Marquez by Reynaldo Marquez 4 hours ago in Bitcoin, Cryptocurrency news Reading Time: 2min read

Per a Coindesk report and a regulatory filing with the Securities and Exchange Commission (SEC), investment firm BlackRock has begun trading in Bitcoin futures. BlackRock has reportedly allocated a small part of its portfolio in BTC on the Chicago Mercantile Exchange financial derivatives platform.

With $8.6 trillion in assets under management (AUM), BlackRock is one of the largest investment firms in the world. In an interview for CNBC, BlackRock CIO Rick Rieder stated in February they had “started to dabble” in Bitcoin.

According to the document, BlackRock invested $6.5 million in 37 futures contracts on the CME BTC-based derivatives. At the time of the allocation, BlackRock’s position was estimated to roughly represent far less than 1% of the firm’s investment fund. The firm claims gains of $360,000 on its initial investment. There is speculation that the contracts expired on March 26.

In the interview, Rieder stated that the current macroeconomic environment has forced investors to look for storehouses of value. Assets such as BTC offer appreciation and hedge against inflation, Rieder added:

My sense is the technology has evolved and the regulation has evolved to the point where a number of people find it should be part of the portfolio, so that’s what’s driving the price up (…). I wouldn’t put a number on the percentage allocation one should have, depends on what the rest of your portfolio looks like.

6% of Bitcoin supply held by institutions

At the time of writing, Bitcoin is trading at $58,722 with gains of 0.7% on the 24-hour chart. On the weekly and monthly chart, BTC posts gains of 8% and 31.1% respectively with a market cap of $1.09 trillion.

Earlier, Goldman Sachs announced the launch of its Bitcoin offering for its wealthiest clients. Comprised of a selection of products including Bitcoin futures and direct exposure to the cryptocurrency, the banking institution stated that they received pressure from their clients.

Something similar claimed Morgan Stanley a few weeks ago when it announced the rollout of 3 funds that will give exposure to BTC for its clients with accounts of more than $5 million. In recent days, cases of institutional adoption of BTC have been on the rise. Many represent a radical change in the institutions’ stance.

Data from Bitcoin Treasuries indicates that institutions that have purchased BTC are in possession of about 6.54% of its total supply or $79,494,670,635. MicroStrategy holds the largest amount with 0.4% of the supply or 91,326 BTC, followed by Tesla with 48,000 BTC and 0.2% of the supply.

https://www.newsbtc.com/news/blackrock-is-trading-bitcoin-futures-how-much-btc-is-held-by-institutions/