$250 Trillion in Assets Looking for Ideal Store of Value: A Bull Case for Bit...
The CEO of Nasdaq-listed billion-dollar company Microstrategy has made a strong bull case for bitcoin. He says there is a $250 trillion ocean of assets looking for the ideal store a value right now and bitcoin is a better store of value than gold or tech stocks, so “a lot of that monetary energy is going to flow from the asset ocean into the crypto pond.” Comparing Bitcoin to Investing Early in Apple, Google, Facebook, Amazon In a webcast with Hedgeye CEO Keith McCullough, aired last week, Microstrategy CEO Michael Saylor outlined a highly bullish case for bitcoin’s....
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The company’s Crypto20 index fund registered 221% growth quarter-over-quarter. Cryptocurrency asset manager Invictus Capital saw significant growth in assets under management during the first quarter, highlighting the rapid uptake of digital assets among institutional investors. Assets under management surged by 50% to $112 million in the quarter ending March 31, Invictus disclosed Thursday. The company’s Crypto20 index fund, a tokenized fund of the top-20 cryptocurrencies, registered 221% growth. “Our Q1 report speaks volumes about the cryptocurrency market’s ongoing boom and the....
The market capitalization of all 10,722 cryptocurrencies in existence is around $1.42 trillion on Wednesday and during the last 24 hours, all of these crypto-assets combined lost 3.92%. Meanwhile, bitcoin captures 45.73% of the entire $1.42 trillion capitalization and ethereum commands 17.8%. As both of these leading assets have improved this week, seven-day changes against the U.S. dollar show a great number of other crypto-assets have seen much bigger double-digit gains. Steemit Coins, 51% Attacked Tokens, and Forgotten Crypto Assets An interesting assortment of crypto assets have seen....
274 days or roughly nine months ago, the crypto economy was worth $2.34 trillion and at $967 billion the aggregate value of all 13,192 crypto assets is $1.48 trillion less. Most of the top digital currencies tapped an all-time price high in November 2021 and today, a great majority of the top crypto assets are down between 70% to 90% in value against the U.S. dollar.
9 Out of 12 Crypto Assets Have Lost Significant Value Since Last Year’s Price Highs
It’s almost a year later since the world’s top crypto assets tapped all-time highs in 2021, and a great number....
The statement appeared as Bitcoin investors waited for fresh economic projections from the Federal Reserve and China pledged to release metal reserves amid concerns over commodity rally. Bitcoin (BTC) price has retreated by more than 40% after topping out near $65,000 in mid-April. But that is not enough to derail the flagship cryptocurrency's long-term bull trend, especially as global markets grapple with declining national currencies and the prospect of a commodity market crash.So believes Mike McGlone, the senior commodity strategist at Bloomberg Intelligence, who said Wednesday that....
The combined value of all cryptocurrencies just hit $1 trillion as Bitcoin and Ether continue to surge. The total cryptocurrency market capitalization — a major bellwether for the overall health of the digital asset class — broke $1 trillion for the first time ever at 19:00 ET on Tuesday January 6th. Bitcoin briefly topped $37,000 around the same time, marking a new record high.Measured by market cap, the crypto asset class has virtually doubled over the past month as Bitcoin (BTC) broke out to new all-time highs and Ether (ETH) cleared $1,100 for the first time in three years. Combined,....