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Crypto Peaked A Year Ago: Investors Lost More Than $2T Since

A year ago this week, investors were describing bitcoin as the future of money and ethereum as the world's most important developer tool. Non-fungible tokens were exploding, Coinbase was trading at a record and the NBA's Miami Heat was just into its first full season in the newly renamed FTX Arena.
Read by 59% of LPs October 12, 2022

Crypto Startup Funding Q3 Plunges Alongside Bitcoin

Crypto startups are suffering from this year’s mass selloff of digital currencies. Venture capital investment in the industry sank to its lowest level in more than a year during the third quarter, according to data from research firm PitchBook.
Read by 72% of LPs October 22, 2021

Houston Pension Fund Buys Crypto, An Asset 'We Could Not Ignore'

The Houston Firefighters’ Relief and Retirement Fund, which has $5.5 billion of assets, said it invested $25 million in Bitcoin and Ether. “I see this as another tool to manage my risk,” said Ajit Singh, the chief investment officer for fund. “It has a positive expected return and it manages my risk. It has a low correlation to every other asset class.”
Read by 78% of LPs October 06, 2021

U.S. Bancorp Launches Cryptocurrency Custody Service For Investment Managers

U.S. Bancorp launched a cryptocurrency custody service for institutional investment managers who have private funds in the U.S. and the Cayman Islands. Despite wild price swings in bitcoin and growing regulatory crackdown, major financial institutions have been investing and expanding their offerings in the cryptocurrency space.
Read by 71% of LPs September 15, 2021

Great Way Ahead For Institutional Investment In Cryptocurrency

In the initial years, Bitcoin was considered one of the worthless digital assets that were favored by criminals. But gradually it has made a hallmark of institutional acceptance.
Read by 62% of LPs April 08, 2021

Will The Bitcoin Bubble Burst As It Did In 2017?

The extreme volatility and uncertain intrinsic value are precisely why seasoned investors like Berkshire Hathaway’s vice chairman Charlie Munger, have derided bitcoin in the past as essentially pure speculation.
Read by 50% of LPs March 25, 2021

Fidelity To Launch Bitcoin ETF As Investment Giant Builds Its Digital Asset Business

Fidelity is preparing to launch its own bitcoin fund as the investment giant works to cement its clout in the market for digital assets.
Read by 31% of LPs March 12, 2021

If 60/40 Recipe Sours, Maybe Stir In Some Bitcoin

The 60/40 portfolio has been a mainstay of investing for years. After all, it’s been a winning defensive strategy — allocate the bulk of a fund to riskier equities with the remainder seeking the relative safety of fixed income.
Read by 59% of LPs February 17, 2021

Bitcoin Smashes Through $51,000 To Hit New All-Time High

The red-hot cryptocurrency hit a fresh record price of $51,715. Bitcoin has gone from a protest against the banking system to something of a "digital gold" that is beginning to catch on with mainstream investors.
Read by 58% of LPs January 13, 2021

More Institutional Investment Would Calm Bitcoin Volatility

An executive at multinational investment bank Goldman Sachs believes an increase in participation from institutional investors is “key” to stabilizing nascent markets such as cryptocurrencies.
Read by 77% of LPs