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Bitcoin Has Become World’s ‘Most Popular Investment Asset,’ Says Microstrategy Chairman
14.2.2024
Microstrategy’s executive chairman, Michael Saylor, has explained why bitcoin has become “the world’s most popular investment asset.” He noted that following the rebalancing after the launch of spot bitcoin exchange-traded funds (ETFs), the crypto has “found...
London Stock Exchange’s LCH SA to Clear Bitcoin Futures and Options on GFO-X Through New Service
13.4.2023
On April 13, 2023, the London Stock Exchange’s LCH division, a clearing house group serving major international exchanges and a wide range of over-the-counter (OTC) markets, announced its plans to offer clearing of bitcoin index futures and options contracts traded on GFO-X. Frank Soussan...
Mastercard Views Crypto More as Asset Class Than Form of Payment
4.8.2022
Mastercard sees cryptocurrency as more of an asset class than a means of payment, according to the payments giant’s chief financial officer. Mastercard’s crypto strategy “has been fairly successful ever since crypto environments came up,” he added. Mastercard’s...
South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry
3.8.2022
A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading...
Wisdomtree: Crypto Is a New Asset Class That People Can’t Ignore
4.5.2022
An executive at Wisdomtree, an asset management firm with $78 billion under management, says that “Cryptocurrencies have firmly established themselves as a new asset class and it truly is something that people can’t ignore.” He added: “We are past the point where there...
Report: Kenya Central Bank Governor Reiterates His Opposition to Cryptocurrencies
25.3.2022
The Kenyan central bank governor has once again told Kenyans to be wary of the risks that are associated with cryptocurrency transactions and trading. The governor also warned financial institutions supporting cryptocurrency transactions that they risk losing their licenses. Crypto Trading...
Goldman Sachs Executes Bank’s First OTC Crypto Transaction Trading a Bitcoin Non-Deliverable Option
21.3.2022
On Monday, the multinational investment bank and financial services company Goldman Sachs disclosed it has conducted an over-the-counter (OTC) crypto transaction with the digital currency firm Galaxy Digital. Following the OTC settlement, the head of digital assets for Goldman Sachs’ Asia...
Study: 77% of Saudis Aware of Cryptocurrencies, Only 18% Currently Buying and Selling
3.3.2022
More than three-quarters of Saudi Arabian residents are aware of cryptocurrencies, a new Yougov survey has found. However, the study also found that only 18% of those surveyed are presently buying and selling cryptocurrencies. Easy Accessibility of Virtual Coins According to the findings of...
Microstrategy CEO Discusses Bitcoin Becoming $100 Trillion Asset Class — Says BTC Will Grow 100X
21.11.2021
The CEO of Microstrategy says that bitcoin will emerge as a $100 trillion asset class and will grow 100X from where it is today. He said the cryptocurrency is winning against gold as a store of value and he is not worried about regulation. “I’m not at all troubled with the regulations...
Bank of America Executive Sees Crypto as Asset Class: ‘I Don’t View It as Competition at All’
7.11.2021
Bank of America’s chief operating officer does not see cryptocurrency as competition. Instead, he views it as an asset class, noting that “people like it for all sorts of different reasons.” Bank of America’s COO on Crypto: ‘I Don’t View It as Competition...
South African Finance Minister Seeks to Stop Pension Funds From Investing in Cryptocurrencies
1.11.2021
South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe...
Local Experts Say Zimbabwe Not Softening Its Stance on Cryptocurrency Just Yet
7.10.2021
Zimbabwean crypto and economic experts have suggested Finance Minister Mthuli Ncube’s positive comments about cryptocurrencies do not necessarily mean monetary authorities are about to remove restrictions that were imposed in 2018. The Case for Blockchain Instead, the experts claim...
Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency as Financial Asset
26.8.2021
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his views on the matter align with those of international...
Wells Fargo Starts Offering Crypto Investments to Clients
3.8.2021
Wells Fargo, one of the largest wealth managers in the U.S., has reportedly started offering crypto investments to its wealth management clients. Wells Fargo Offers Crypto Exposure A spokesperson for American financial services company Wells Fargo reportedly confirmed to Business Insider Friday...
JPMorgan Says a Lot of Clients See Cryptocurrency as Asset Class and Want to Invest
21.7.2021
JPMorgan says a lot of its asset and wealth management clients think cryptocurrency is an asset class and they want to invest in it. “Our job is to help them to put their money where they want to invest,” said the CEO of J.P. Morgan Asset & Wealth Management. A Lot of JPMorgan...
Financial Advisor Ric Edelman Sees ‘Tremendous Investment Opportunities’ in Bitcoin
21.6.2021
Financial advisor Ric Edelman, founder of Edelman Financial Engines and RIA Digital Assets Council, has recommended having bitcoin in investment portfolios despite the cryptocurrency’s volatility. “This is totally new and different and it’s the first genuinely new asset class...
Goldman Sachs analysts divided over whether Bitcoin is an 'investable asset class'
18.6.2021
Goldman has flip-flopped again declaring crypto assets as unworthy of investment in the same week it expands its crypto trading desk
Goldman Sachs: Bitcoin Is Now Considered an Investable Asset, Clients Are Treating BTC as New Asset Class
24.5.2021
Global investment bank Goldman Sachs now considers bitcoin an investable asset. “Clients and beyond are largely treating it as a new asset class, which is notable — it’s not often that we get to witness the emergence of a new asset class,” said Goldman Sachs’ analyst....
Guggenheim Investments’ Scott Minerd Says There Is Insufficient Institutional Support to Sustain BTC Prices Above $30K
29.1.2021
As bitcoin struggles to kickstart yet another record-breaking rally, Scott Minerd, the CIO at Guggenheim Investments says this could be down to the inadequate institutional support. According to Minerd’s assessment, this lack of sufficient institutional investor support means it will be hard...
SBI’s Acquisition of Crypto Firm Helps the Asian Giant Create Full-Fledged Digital Asset Trading Desk
16.12.2020
Japanese financial group SBI Financial Services has announced the acquisition of the United Kingdom-based crypto services firm B2c2 for an undisclosed amount. The purchase helps the Asian financial giant to become one of the mainstream financial institutions to have a full-fledged digital asset...