• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Tuesday, August 16, 2022
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
  • 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
  • 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



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

Here’s Why Scaramucci Expects Bitcoin Price To Reach $300,000 Before 2030

15 August 2022

Liquidations Cross $280 Million After Bitcoin Price Falls Below $25,000

15 August 2022
Cryptohopper
ADVERTISEMENT
[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

Here’s Why Scaramucci Expects Bitcoin Price To Reach $300,000 Before 2030

15 August 2022
0

The market recovery has seen the bitcoin price reach higher highs than expected in the short term. This has come...

Liquidations Cross $280 Million After Bitcoin Price Falls Below $25,000

15 August 2022
0

Bitcoin price had touched briefly above $25,000 in the past day, but the rejection at this point had sent the...

Bitcoin Will Beat Gold As Store Of Value, MicroStrategy CEO Says

15 August 2022
0

Bitcoin always has big names behind its back, and – why not? According to MicroStrategy founder Michael Saylor, the emergence...

Crypto Corner: The Sports Slice

15 August 2022
0

Dapper Labs is taking sports NFTs up a notch with a new NFL team partnership, a Premier League football club...

Bitcoin Miners Continue Distribution, Bad Sign For The Rally?

14 August 2022
0

On-chain shows Bitcoin miners have been in a phase of distribution recently, a sign that could prove to be bearish...

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

What’s New Here!

  • Former Navy SEAL and Author Willard Chesney Joins CBS SEAL Team Actor Justin Melnick With NFT Collection Release On The ReserveBlock RBX Network Proceeds To Benefit The Boot Campaign
  • Trend Reversal May Be “Imminent”
  • Riot Blockchain Releases Q2 Bitcoin Mining Update – Bitcoin Magazine

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
  • 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)$45,716.00-1.31%
  • ethereumEthereum(ETH)$3,456.77-0.85%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$439.95-1.61%
  • usd-coinUSD Coin(USDC)$1.00-0.21%
  • SolanaSolana(SOL)$128.84-4.73%
  • rippleXRP(XRP)$0.82-1.94%
  • TerraTerra(LUNA)$111.19-1.25%
  • cardanoCardano(ADA)$1.190.55%
  • AvalancheAvalanche(AVAX)$92.73-3.81%
  • polkadotPolkadot(DOT)$22.10-4.14%
  • dogecoinDogecoin(DOGE)$0.144901-0.44%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • TerraUSDTerraUSD(UST)$1.00-0.03%
  • Shiba InuShiba Inu(SHIB)$0.000026-1.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$45,705.00-1.34%
  • CronosCronos(CRO)$0.473031-1.56%
  • matic-networkPolygon(MATIC)$1.63-2.68%
  • Lido Staked EtherLido Staked Ether(STETH)$3,455.57-0.80%
  • NEAR ProtocolNEAR Protocol(NEAR)$15.62-3.50%
  • daiDai(DAI)$1.00-0.09%
  • cosmosCosmos Hub(ATOM)$30.76-3.98%
  • litecoinLitecoin(LTC)$123.39-2.73%
  • chainlinkChainlink(LINK)$17.14-5.68%
  • tronTRON(TRX)$0.069912-3.60%
  • bitcoin-cashBitcoin Cash(BCH)$370.86-0.90%
  • FTX TokenFTX Token(FTT)$49.41-1.74%
  • ethereum-classicEthereum Classic(ETC)$45.69-1.36%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • algorandAlgorand(ALGO)$0.88-4.27%
  • stellarStellar(XLM)$0.231372-0.55%
  • leo-tokenLEO Token(LEO)$5.95-0.02%
  • OKBOKB(OKB)$20.68-0.82%
  • UniswapUniswap(UNI)$11.31-3.17%
  • vechainVeChain(VET)$0.076890-1.96%
  • Axie InfinityAxie Infinity(AXS)$63.07-4.37%
  • HederaHedera(HBAR)$0.235142-4.16%
  • Internet ComputerInternet Computer(ICP)$21.47-0.24%
  • filecoinFilecoin(FIL)$24.44-2.18%
  • ElrondElrond(EGLD)$189.04-2.56%
  • decentralandDecentraland(MANA)$2.61-2.92%
  • The SandboxThe Sandbox(SAND)$3.40-2.47%
  • FantomFantom(FTM)$1.52-3.28%
  • moneroMonero(XMR)$214.53-0.30%
  • wavesWaves(WAVES)$37.59-24.48%
  • theta-tokenTheta Network(THETA)$3.76-6.47%
  • cETHcETH(CETH)$69.26-1.11%
  • tezosTezos(XTZ)$3.80-4.12%
  • ApeCoinApeCoin(APE)$11.60-3.99%
  • The GraphThe Graph(GRT)$0.480061-4.90%