For the long haul? When Bitcoin nosedived, institutions held fast
Institutional investors know crypto assets are volatile: “They’re making a generational bet and are not deterred by a few weeks of volatility.” Mid-May’s price plunge was one of crypto’s wildest pullbacks in recent years, a tumble that eliminated nearly $1 trillion from crypto’s market value. The industry had soared to new heights a month earlier, with Bitcoin (BTC) reaching almost $64,000, driven in good part by institutional investors. Now that some calm has returned to the market, bears are asking: How did institutions behave during the recent collapse? Did they jump ship or hold firm....
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Josh Garza of GAWMiners. An Entrepreneur Building the Next Bitcoin Empire. The Bitcoin and Cryptocurrency world has spurred a world of innovation and entrepreneurship in a short time span. It has made companies from scratch such as 112bit and Minersource; at the same time, it has also brought in entrepreneurs from the business world: like Josh Garza of GAWMiners. Josh comes from the telecommunications world and has started many other successful companies, such as a nationwide broadband company. The things that make GAWMiners different are where they come from and their approach to sales....