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.
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.
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.”
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.
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.
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.
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.
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.
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.
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.