Ark Investment Study Suggests BTC Value Will Rise by $40,000 if All S&P 500 Co...
According to the findings of a study by Ark Investment Management (AIM), the value of bitcoin can potentially increase by $40,000 if all S&P 500 companies allocate 1% of their cash holdings to the crypto. Similarly, if all these companies were to convert 10% of cash holdings into bitcoin, the value of the crypto asset will potentially rise to $400,000. Institutional Adoption The study findings, which are based on December 1, 2020 data, seem to get validation from BTC’s price movement after Square and Microstrategy acquisitions. As on-chain data shows, the value of the crypto asset....
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About 83.7% of those surveyed by Luno in a recent study believe the price of bitcoin will rise significantly in the next few months. In fact, 59.4% of the more bullish respondents are expecting the leading crypto to rise to as much as $100,000. Bullish Beyond Bitcoin These are the findings of Luno’s Q3 Customer Sentiment Survey that was conducted between August 20 and September 20. A total of 1,870 customers of Luno cryptocurrency exchange from South Africa, Malaysia, Indonesia, and the U.K. participated in the study. Aside from bitcoin, study participants were also asked to share....
The study also concluded that temporary crypto market decline and volatility are not enough to diminish the importance of cryptocurrencies in investment portfolios. Allocating funds to crypto investment positions has been shown to have a positive impact on the performance of diversified investment portfolios.According to a research study by crypto asset management outfits Iconic Funds and Cryptology Asset Group, the ability of crypto investments to positively impact the performance of investment portfolios cuts across several asset allocation models.Crypto’s ability to improve the....
Grayscale CEO says that Bitcoin will win because both a Trump or a Biden election victory would result in more "brrr" or the expansion of the US dollar supply. Whether it is a Democratic sweep led by Joe Biden or a Donald Trump reelection, Bitcoin (BTC) would likely thrive. Industry executives, including DCG and Grayscale CEO Barry Silbert, say both a Trump or a Biden win would buoy BTC.The optimistic stance of industry execs despite the glaring election risk comes after Grayscale’s Bitcoin study.Trump wins = brrr Biden wins = brrr Either way, bitcoin wins— Barry Silbert....
During the past seven days, non-fungible token (NFT) sales have dropped 23.37% and 30-day statistics show NFT sales are down 63.10% from the month prior. While NFT interest has been waning, a recent study indicates that global regions like Singapore and Hong Kong lead the pack in terms of NFT interest. The research further suggests that “Poland is the most anti-NFT country.” The most searched NFT project worldwide, according to search volumes by country, is Axie Infinity, which commands 112 countries in terms of the top searches by collection.
Singapore, Hong Kong, and....
It’s a women’s world! Bakkt commissioned a study that shows women are investing in cryptocurrencies and closing the gender gap. The paper, titled “Women & Crypto,” shows “women are now outpacing men as first-time purchasers.” No surprise there, if you’re paying attention. It’s useful to have concrete numbers, though. A self-described “global regulated ecosystem for […]