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Bitcoin Faces Hedge Test Amid Rising Inflation Concerns
4.4.2021
Inflation — or rather, the perceived threat of inflation — has been very kind to bitcoin (BTC) and crypto. Thanks in part to the US Federal Reserve (Fed) committing to ‘unlimited’ quantitative easing and to Congress approving trillion-dollar stimulus packages, bitcoin has climbed from below...
African Migrants Are Turning to Cryptocurrency Platforms for ‘Low-Fee Remittances’
31.3.2021
As central banks on the African continent fight to keep cryptocurrencies from going mainstream, many more migrant workers are increasingly turning to money-sending platforms that use cryptocurrencies when moving funds across borders. More Than Just an Investment Thus in addition to becoming...
South African Companies Convert Cash Holdings Into BTC— Crypto Asset Is Hedge Against Devaluation
30.3.2021
New reports emerging from South Africa suggest privately held firms are converting a portion of their cash holdings into bitcoin as they seek to hedge against currency devaluation. According to one report, an open-source software specialist firm, LSD Open, could well be the first South African...
Early Investors Hodl Post-Tesla-Bitcoin Buy As Analysts Debate Hedge 'Myth'
29.3.2021
Source: Adobe/Сергей Шиманович
Over the past several days, prominent analysts have argued that more early investors are choosing to hodl bitcoin (BTC) at the moment, and that BTC is a measure of wealth, and while some say that it is a hedge against inflation, others call that narrative a myth....
New Zealand Fund Invests 5% in Bitcoin— CIO Says You ‘Can’t Really Discount Bitcoin’
29.3.2021
A New Zealand hedge fund, NZ Funds Management, which had $350 million worth of assets under management at the end of December 2020, says five percent of its money is invested in bitcoin. According to the firm’s CIO James Grigor, ​bitcoin is also set to be featured in more of...
Billionaire Hedge Fund Manager Ray Dalio Says Government Outlawing Bitcoin Is ‘a Good Probability’
27.3.2021
The Bridgewater Associates co-founder and chief investment officer, Ray Dalio, says that there is a good probability that the government will outlaw bitcoin in the same way gold was outlawed in the U.S. in the 1930s. Ray Dalio Thinks Governments Can Outlaw Bitcoin Ray Dalio shared his view...
Tidal to Launch Balancer LBP Following 500x Oversubscribed Polkastarter IDO
26.3.2021
PRESS RELEASE. Tidal Finance, a high-yield insurance platform, offers the ability to hedge against the failure of a DeFi protocol or asset. While reinventing the way decentralized insurance works, Tidal Finance plans to attract participation from the community through a Balancer liquidity...
Hedge FUD manager: Ray Dalio says ‘good probability’ of a US Bitcoin ban
25.3.2021
The U.S. could repeat its 1930s ban on gold ownership but for Bitcoin
Bridgewater’s Ray Dalio Warns Government Could Restrict Bitcoin Investments, Impose ‘Shocking’ Taxes
21.3.2021
The founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm, has warned that the government could “impose prohibitions against capital movements” into assets such as bitcoin. He added that regulators may also impose changes in taxes that...
Bank of America Says the Only Good Reason for Holding Bitcoin Is ‘Sheer Price Appreciation’
19.3.2021
Bank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims that bitcoin does not offer...
Hedge Fund Manager Says Sell-off in US Treasury Bonds a Threat to ‘High-Flying Assets’ Like BTC
17.3.2021
Hedge fund manager Bob Prince has warned that the recent sell-off in the U.S. government bond market could accelerate and this could “threaten high-flying assets” like cryptocurrencies and blank cheque companies. Prince, who is the co-CIO at Bridgewater Associates, links this looming...
Norway’s Fourth-Richest Man Invests in a Crypto Mining ASIC Manufacturer
13.3.2021
According to regional reports, the Norwegian billionaire and hedge fund manager, Ole Andreas Halvorsen, is investing funds into an energy-reducing cryptocurrency mining chip hardware company. The company Norway’s fourth richest man is investing in claims to build application-specific...
Blackrock Executive Says Gold Now Less Effective Hedge Against Inflation
13.3.2021
A portfolio manager and member of Blackrock’s Global Allocation Fund says gold is now a less effective hedge against inflation as well as moves in other assets such as stocks. In comments that appear to undercut the precious metal’s renowned status, Russ Koesterich claims that...
Gold's status as inflation hedge 'somewhat exaggerated,' says BlackRock exec
11.3.2021
BlackRock executive Russ Koesterich says gold is failing as an equity hedge amid massive outflows from bullion ETFs into assets like Bitcoin
George Ball Says Crypto Is Effective Hedge Against Currency Debasement as US Passes $1.9 Trillion Stimulus Bill
8.3.2021
The chairman of investment firm Sanders Morris Harris, George Ball, says cryptocurrencies are an effective hedge against currency debasement. In addition, he says that cryptocurrencies are attractive as a small part of portfolios. George Ball Advocates for Crypto as Hedge Against Currency...
This Is Why 'Hedge Against Inflation', Bitcoin, Dropped On Inflation Fears
5.3.2021
Bitcoin (BTC) once again showed that it is indirectly correlated to macroeconomic factors that can move the stock market, and, in turn, affect the price of the most popular cryptocurrency that is often touted as an independent asset class.
Bitcoin fell around 10% on March 4, from USD 51,680 to...
Former Bitcoin opponent says crypto is an effective hedge against currency debasement
5.3.2021
George Ball, who serves as Chairman of Sanders Morris Harris, believes cryptocurrencies like Bitcoin are an “attractive” part of a well-balanced portfolio
Dan Loeb's hedge fund hires pro-crypto Goldman Sachs analyst
2.3.2021
Heath Terry has said it would be "hard to see a world where blockchain technology doesn't change the way we think about asset ownership."
Investor Dan Loeb doing 'deep dive' into crypto
1.3.2021
"Culturally I compare bridging the crypto world with the old as akin to finding a portal between two distinct worlds in the multiverse," said Dan Loeb
Defi on Bitcoin Cash Gets a Boost- Smart Money Startup General Protocols Raises $3 Million from Investors
1.3.2021
On March 1, the startup General Protocols announced the company has raised $3 million in a Series A financing round led by a number of strategic investors. General Protocols is the firm behind the Anyhedge protocol, the first decentralized finance (defi) project built on the Bitcoin Cash network....