• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Wednesday, March 22, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Fund Manager on Institutional Adoption

10 August 2020
in Bitcoin
Reading Time: 3 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Cryptohopper
ADVERTISEMENT


2020 so far has proven to be Bitcoin’s year. The asset has beaten stocks, gold, and nearly every other asset in year-to-date ROI. With all eyes now on the first-ever cryptocurrency, one British fund manager with billions of pounds of assets under management claims Bitcoin has reached its “now or never moment.”

Hedge Fund Managers Prepare To Dump Gold Holdings For Bitcoin

Cypherpunks, tech enthusiasts, and dark web users were among the earliest to take an interest in Bitcoin and cryptocurrencies. Once the mainstream public caught wind of the financial technology’s disruptive potential – and the wealth it could generate – retail investors piled into the asset at the peak of the bubble.

The next uptrend in the cryptocurrency is expected to be driven by institutional money coming in. While that narrative has now existed for years, dating back far further than Bakkt’s launch in September last year, it has failed to take hold.

Only recently, has institutional interest begun to rear its head, following hedge fund manager Paul Tudor Jones comparing the cryptocurrency to the role gold played in the 70s.

RELATED READING | WHY TOPPLING SILVER AND GOLD PRICES COULD BE ESPECIALLY BAD FOR BITCOIN

At the time, the asset traded at just $35 an ounce. Today it is worth over $2,000 an ounce thanks to decades of mismanaged monetary policy and inflation. Like gold, Bitcoin’s digital scarcity is said to cause it to behave similarly when faced with an economic environment rife with inflation.

With the Federal Reserve printing more money each quarter, institutions are finally looking toward Bitcoin for this reason. And it’s brought the cryptocurrency, according to on hedge fund manager, to the asset’s “now or never moment” with institutions.


BTCUSD Hedge Fund Manager Five-Fold Target By 2023 | Source: TradingView

How The First Ever Cryptocurrency Overcomes Its Credibility Hump

In an interview with Telegraph Money, a British hedge fund with “tens of billions of assets under management” says that the market is “approaching the now-or-never moment for bitcoin before institutional investors adopt the asset.”

The hedge fund manager is considering adding Bitcoin to its fund, potentially allocating as much as 30% of the fund’s gold holdings into Bitcoin instead. The fund managers expected at least a five-fold increase by 2023 if Bitcoin can overcome its “credibility hump.”

The cryptocurrency market rising alongside precious metals bodes well for the budding financial asset class. It is proving to the world that the safe haven narrative has legs, and the asset’s digital scarcity is demonstrating its value in the current economic climate.

RELATED READING | HOW “PICTURE PERFECT” MACRO UNCERTAINTY WILL KEEP GOLD, BITCOIN TRENDING

Further potential to prompt more of gold’s market cap to melt into crypto lies in the growing security threat across the globe. In Hong Kong, the wealthy are moving their gold offshore. In the United States and the rest of the world, unrest, and protests have led to violence and looting.

Storing assets digitally, instead of physically, could prove to be yet another important reason for gold capital to flow into Bitcoin, further driving the asset’s perfect storm institutional rally – a rally that starts now, or never, according to the types of investor behind the wheel.

Featured image from Deposit Photos.



Source link

Related articles

Large Whales Accumulated 37.1k BTC Recently

Large Whales Accumulated 37.1k BTC Recently

16 January 2023
World’s First National Park Banks On Bitcoin Mining

World’s First National Park Banks On Bitcoin Mining

16 January 2023
[crypto-donation-box]
Tags: adoptionFundInstitutionalManager
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Ethereum Classic Prints Bearish On-Chain Signals Despite Bitcoin Breakout

Next Post

Santander expands Ripple (XRP) app to serve the U.S. and 18 others

Related Posts

Large Whales Accumulated 37.1k BTC Recently

Large Whales Accumulated 37.1k BTC Recently

16 January 2023
0

On-chain data shows large Bitcoin whales have finally started accumulating in the last 10 days as BTC has rallied strong....

World’s First National Park Banks On Bitcoin Mining

World’s First National Park Banks On Bitcoin Mining

16 January 2023
0

Bitcoin mining still has a bad reputation among politicians and in the mainstream media due to its large energy consumption....

Bitcoin Breaks Past $20,000 Barrier, Rallies 24% In Last Seven Days Post-FTX Mess

Bitcoin Breaks Past $20,000 Barrier, Rallies 24% In Last Seven Days Post-FTX Mess

14 January 2023
0

Bitcoin is showing some renewed energy. As of writing, the top cryptocurrency is trading at $20,883, leading the crypto market...

Bitcoin Educated: Over 65% Of Oman’s Crypto Owners Have College Degrees, Study Shows

Bitcoin Educated: Over 65% Of Oman’s Crypto Owners Have College Degrees, Study Shows

14 January 2023
0

According to the conclusions of a new Souq Analyst survey, about 65,000 of the people in Oman possess bitcoin and...

Bitcoin Holders Who Bought In Last 5 Months Now In Profit

Bitcoin Holders Who Bought In Last 5 Months Now In Profit

13 January 2023
0

On-chain data shows that the average Bitcoin short-term holder is back in profit as BTC continues the sharp upwards momentum....

Load More
Next Post

Santander expands Ripple (XRP) app to serve the U.S. and 18 others

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Shiba Inu: New listing of SHIB by Japanese crypto exchange, 4,600% burn rate increase, launch of Shibarium and the metaverse
  • States debate whether to restrict—or invite—crypto mining
  • Barcelona player is the star of TOTW 21 in FIFA 23 Ultimate Team

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$27,556.00-2.13%
  • ethereumEthereum(ETH)$1,747.65-3.09%
  • tetherTether(USDT)$1.010.49%
  • binancecoinBNB(BNB)$325.26-3.89%
  • usd-coinUSD Coin(USDC)$1.000.10%
  • rippleXRP(XRP)$0.428064-8.73%
  • cardanoCardano(ADA)$0.363555-3.27%
  • dogecoinDogecoin(DOGE)$0.074671-3.25%
  • matic-networkPolygon(MATIC)$1.13-1.44%
  • staked-etherLido Staked Ether(STETH)$1,744.96-3.04%
  • solanaSolana(SOL)$21.80-3.21%
  • binance-usdBinance USD(BUSD)$1.010.47%
  • polkadotPolkadot(DOT)$6.09-5.51%
  • litecoinLitecoin(LTC)$87.316.19%
  • shiba-inuShiba Inu(SHIB)$0.000011-2.67%
  • avalanche-2Avalanche(AVAX)$16.91-3.79%
  • tronTRON(TRX)$0.060062-11.27%
  • daiDai(DAI)$1.000.17%
  • uniswapUniswap(UNI)$6.09-5.79%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,622.00-1.96%
  • ToncoinToncoin(TON)$2.410.51%
  • chainlinkChainlink(LINK)$7.20-2.79%
  • cosmosCosmos Hub(ATOM)$11.34-5.60%
  • leo-tokenLEO Token(LEO)$3.38-3.10%
  • ethereum-classicEthereum Classic(ETC)$20.20-3.67%
  • moneroMonero(XMR)$150.38-0.70%
  • okbOKB(OKB)$45.22-0.75%
  • bitcoin-cashBitcoin Cash(BCH)$126.72-5.84%
  • stellarStellar(XLM)$0.090454-6.33%
  • filecoinFilecoin(FIL)$5.62-6.38%
  • AptosAptos(APT)$12.572.92%
  • true-usdTrueUSD(TUSD)$1.010.13%
  • lido-daoLido DAO(LDO)$2.38-1.75%
  • hedera-hashgraphHedera(HBAR)$0.061855-3.47%
  • quant-networkQuant(QNT)$125.92-3.17%
  • crypto-com-chainCronos(CRO)$0.068667-3.80%
  • nearNEAR Protocol(NEAR)$1.95-5.94%
  • vechainVeChain(VET)$0.022940-4.16%
  • blockstackStacks(STX)$1.205.48%
  • algorandAlgorand(ALGO)$0.217108-3.18%
  • internet-computerInternet Computer(ICP)$5.04-4.63%
  • apecoinApeCoin(APE)$4.00-3.60%
  • fantomFantom(FTM)$0.474971-1.28%
  • the-graphThe Graph(GRT)$0.144474-4.50%
  • eosEOS(EOS)$1.10-7.28%
  • the-sandboxThe Sandbox(SAND)$0.64-4.57%
  • immutable-xImmutableX(IMX)$1.270.03%
  • decentralandDecentraland(MANA)$0.59-5.05%
  • aaveAave(AAVE)$74.87-4.96%
  • elrond-erd-2MultiversX(EGLD)$42.32-4.65%