Bitcoin 15/07/21 14:32 by Newton Gitonga

Bitcoin Energy Concerns Unlikely to Crash Its Long-Term Path, Cathie Wood Says

Cathie Wood, the founder, and CEO of Ark Invest has tossed her viewpoint over Bitcoin’s mining energy consumption, citing it as a minor setback to the asset’s path in the future. She further stat...
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Bitcoin 14/07/21 22:16 by Brenda Ngari

Bitcoin Can Shatter $38,000 This Week, Claims Popular Crypto Trader As Grayscale’s Monster Unlock Looms

As bitcoin teeters around the $33,500 level, the cryptocurrency could fly higher in the course of this week as the eagerly-awaited mammoth Grayscale Bitcoin Trust (GBTC) unlock draws closer. Why B...
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Bitcoin 14/07/21 13:33 by Brenda Ngari

Banking Giant BNY Mellon To Assist Grayscale Upgrade GBTC To A Bitcoin ETF

Grayscale Investments has forged a partnership with New York-based banking giant Bank of New York Mellon that will see the investment firm act as an asset services provider for its flagship fund, the...
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Bitcoin 13/07/21 21:12 by Newton Gitonga

As Grayscale’s Big BTC Unlock Nears, JPMorgan Puzzles Over $23,000 Bitcoin Price ‘Fair Value’

Bitcoin has continued to play out in tight range since it found ground in the $29,000 area, a support area that was last established on diverse dates in January this year. Whereas most observers s...
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Bitcoin 12/07/21 17:47 by Newton Gitonga

Grayscale’s $1.5 Billion GBTC Unlock Nears – Why Analysts Are Predicting An Unfavorable Impact On Bitcoin Price

Bitcoin leads calmly this weekend tightly ranging between $33,000 and $34,500 ahead of this week’s unlocking of Grayscale Bitcoin Trust (GBTC) shares. BTCUSD Chart By TradingView The tight sq...
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Bitcoin 09/07/21 18:23 by Olivia Brooke

JPMorgan Is Confident Grayscale’s July “Unlockings” Will Crash Bitcoin Below $25,000

On 13 July, Grayscale will be set to unlock its Grayscale Bitcoin Trust product (GBTC), which has been locked for 6 months. Grayscale plays a major role in the cryptocurrency market, as it gives high...
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Bitcoin 06/07/21 23:11 by Reynaldo Marquez

GBTC Unlocks Spells Doom For Bitcoin? Top Expert Breaks It Down

Bitcoin has been moving sideways as the rest of the crypto market, especially Ethereum and the DeFi sector, show strength. The first cryptocurrency by market cap needs to make a decisive move to break...
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Bitcoin 29/06/21 23:16 by Bernice Nyambura

American Banking Giant Morgan Stanley Has Indirectly Invested In Bitcoin

Global investment bank and financial services provider Morgan Stanley has bought 28,289 shares of Grayscale Bitcoin Trust (GBTC) according to a filing with the US Securities Exchange Commission (SEC...
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Bitcoin 10/06/21 18:53 by Reynaldo Marquez

Are Institutions Already Over The Bitcoin Digital Gold Narrative?

Bitcoin trades at $36,786 and records profits in the 7-day chart, after two consecutive weeks of losses. In the 30-day chart, BTC still has a 32.3% loss. The price action painfully moves higher in the...
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Bitcoin 08/04/21 20:59 by Reynaldo Marquez

How Grayscale Bitcoin Trust at a discount could change everything for BTC

After spending the entire month of March at a loss, the downtrend in Grayscale Bitcoin Trust premium has extended.  At the time of publication, the premium stands at -11.45%, near its all-time lo...
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Bitcoin 08/04/21 13:04 by Brenda Ngari

$48B Asset Manager Millennium Management Dabbles With Bitcoin

In May 2020, Wall Street veteran Paul Tudor Jones set off a bitcoin buying frenzy when he revealed that he was investing in BTC as a hedge against the great inflation he predicts will come from the m...
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Bitcoin 05/04/21 21:25 by Brenda Ngari

Grayscale Wants To Convert GBTC Into A Bitcoin ETF

The world’s largest asset management firm Grayscale, revealed in a blog post today that it is planning to convert its $34 billion Bitcoin Trust Fund (GBTC) into an exchange-traded fund (ETF). Gr...
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Bitcoin 05/04/21 21:07 by Reynaldo Marquez

Bitcoin whales on the defense, this is how BTC could climb to new highs

After spending weeks moving sideways, BTC price seemed to be close to a new high. However, the cryptocurrency seems to be stuck just below the resistance level at $60,000. Analyst Ben Lilly has publis...
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Bitcoin 01/04/21 22:00 by Reynaldo Marquez

Why Morgan Stanley is gaining exposure to Bitcoin (BTC)?

In yet another bullish announcement for Bitcoin this week, banking giant Morgan Stanley has filed a document with the Securities and Exchange Commission (SEC) to gain exposure to BTC. Per the document...
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Bitcoin 26/03/21 21:00 by Reynaldo Marquez

Why is Bloomberg predicting a Bitcoin price at 400K in 2021?

Bitcoin has picked up its bullish momentum in the last 24 hours. High levels of Institutional adoption, fundamentals, and on-chain indicators look bullish and point to an extension of the rally, at le...
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Bitcoin 10/03/21 21:35 by Bernice Nyambura

Grayscale’s Parent Company DCG To Buy $250 Million In GBTC Shares

Digital Currency Group (DCG), the parent company of the world’s largest Bitcoin trust, Grayscale Bitcoin Trust (GBTC) has announced plans to buy a quarter million worth of shares of GBTC. DCG wi...
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Bitcoin 06/03/21 11:03 by Steven Msoh

Grayscale Bitcoin Trust at its Highest Discount Ever Could Signal Price Rise to $100K

The Grayscale Bitcoin Trust (GBTC) has been having its adversest month in its seven-year history. GBTC has dropped to nearly a 12% discount, its highest ever. However, according to one analyst, this ...
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Bitcoin 01/02/21 19:34 by Bernice Nyambura

Guggenheim Trust Fund to buy $500 Million in Bitcoin via Grayscale after SEC’s Approval

The US Securities Exchange Commission today approved a filing by global investments and advisory firm Guggenheim to invest $500 million into Bitcoin via digital assets manager Grayscale. Guggenhe...
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Bitcoin 30/09/20 18:33 by Brenda Ngari

Grayscale Now Owns 2.5% Of All Bitcoin In Circulation After Increasing Its Reserves By 17,100 BTC

Grayscale Investments, LLC offers institutional investors the simplest custodial solution. Through the Grayscale Bitcoin Trust (GBTC), high-net-worth investors and institutions can gain bitcoin expos...
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Altcoins 18/08/20 00:51 by Brenda Ngari

Grayscale Widens Net For Institutional Investors With Bitcoin Cash And Litecoin Over-The-Counter Trading

Grayscale Investments LLC, the world’s largest cryptocurrency manager with over $5.2B under its management, today announced that the shares of its Litecoin Trust and Bitcoin Cash Trust will now be ...
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Bitcoin 20/07/20 01:00 by Nick Chong

This Unexpected Signal Indicates Bitcoin Is About to See a Bull Trend

Bitcoin’s price action has been extremely boring over the past two months, with the leading cryptocurrency trading in a historically small range. Bulls, however, may soon get a boost as the prem...
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Bitcoin 02/07/20 02:00 by Nick Chong

The Last Time This Metric Was This Low, Bitcoin Bottomed at $3,200

The past two months have been a confusing time for Bitcoin investors. The cryptocurrency has traded between a rock and a hard place, barely deviating from the range lows of $8,500 and the highs of $10...
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Bitcoin 28/06/20 22:00 by Nick Chong

An Infamous Bitcoin Whale Just Resurfaced — and He’s Got a Bone to Pick

In May, after building a following of tens of thousands by making millions trading Bitcoin, “Joe007” threw in the towel. At the time, the pseudonymous trader cited his inability to “...
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Bitcoin 26/06/20 14:35 by Samuel Wan

Are Reports of Grayscale Gobbling up the Bitcoin Supply Exaggerated?

Reports have surfaced that Grayscale Investments is buying more Bitcoin than can be mined. According to a recent 8-K filing with the SEC, in a one week period, Grayscale added 19,879 BTC to its assets...
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Bitcoin 20/05/20 16:34 by Yashu Gola

Wall Street FOMO into Bitcoin-Related Stocks as Crisis Worries Deepen

Stocks of companies involved with Bitcoin are returning extremely positive year-to-date yields. Chipmaker Nvidia, which manufactures cryptocurrency mining equipment, and publicly-traded bitcoin fund G...
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Bitcoin 22/04/20 12:05 by Joseph Young

Bitcoin Bottomed Every Time GBTC Premium Plunged to New Lows; It’s Done it Again

At a macro level, the Bitcoin price bottomed every time the premium of Grayscale Bitcoin Trust (GBTC) fell substantially to a local low. After showing a 30 percent premium in March, GBTC markups fell ...
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Bitcoin 04/03/20 11:18 by Tolu

No Bitcoin Manipulation: Analyst Defends 2020 Price Surge of 57%

As the crypto market awaits the upcoming halving, there are naturally many thoughts about the Bitcoin market. Firstly, there are several predictions about what the halving will present for Bitcoin. W...
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Bitcoin 03/03/20 21:49 by Brenda Ngari

Bitcoin Has Cemented Its Role As A Store Of Value, Says Grayscale Investments Exec

As the threat of a full-fledged coronavirus pandemic grows by the day, investors around the world are searching for viable hedges against the chaos. Gold has been a store of value for investors world...
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Bitcoin 06/12/19 22:28 by Brenda Ngari

Generation Bitcoin: BTC Surpasses Netflix, Disney, And Microsoft As The Most Preferred Amongst Millennials

A recent report published by Charles Schwab shows millennials’ increasing interest in bitcoin. Per the report, the Grayscale Bitcoin Trust is favored by millennials over the shares of Silicon Valle...
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Bitcoin 06/12/19 15:47 by Christine Vasileva

Millennials Trust Bitcoin-Based Equities Over Microsoft, Disney Stock

Bitcoin-based investment has made its way into the portfolios of the youngest investors, as millennials allocate a part of their retirement to Bitcoin-based stock. Millennials Allocate Funds to Diffe...
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