Breaking news: Skybridge Invested $25 million in Bitcoin - page 2.

btc78

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Quote from: Accardo on December 22, 2020, 03:13:32 PM

After the success spending of $1.1b on Bitcoin this year 2020. Microstrategy now holds 70,470 Bitcoins. Scaramucci of skybridge credited “Michael Saylor" CEO Microstrategy for inspiring him to start his Bitcoin funds, which he invested $25million on Bitcoin recently.

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?

Let us share our thoughts, Thank you.

Source: https://www.coindesk.com/scaramuccis-skybridge-invested-25m-in-new-bitcoin-fund?amp=1&__twitter_impression=true

So this is why Bitcoin seemingly at strong hold while others are struggling to return? Ripple on the other hand is facing a SEC case in which may affect the value nearer.
and Investors might focus in Bitcoin and Ethereum instead.
but i don't want to go with this news instead i bought another thousand recently when fell to 40 cents.

error08

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Ahh, that's why the market reacts positively that the price rejected $22k and increase over $23k in a short time. Whenever an institutional investor invest in bitcoin and announced it to the public, it's kind of an endorsement for bitcoin, they can buy bitcoin in secret then sell it at a higher price in a few months but they want more people to consider bitcoin as a good investment rather than a speculative asset.

DarkDays

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Quote from: Accardo on December 22, 2020, 03:13:32 PM

After the success spending of $1.1b on Bitcoin this year 2020. Microstrategy now holds 70,470 Bitcoins. Scaramucci of skybridge credited “Michael Saylor" CEO Microstrategy for inspiring him to start his Bitcoin funds, which he invested $25million on Bitcoin recently.

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?

Let us share our thoughts, Thank you.

Source: https://www.coindesk.com/scaramuccis-skybridge-invested-25m-in-new-bitcoin-fund?amp=1&__twitter_impression=true

I don't think this news contributed to today's market movements, but I do think it will have a positive effect.
On the other hand, seeing more and more companies liquidate their fiat and putting it into Bitcoin will surely raise questions among others alike.

I cannot help but think that this is something that will happen more and more. Mass adoption of Bitcoin and crypto is still in its infancy but we are taking small steps into that direction. This pandemic has helped many people see how fragile and unstable the fiat system is.

sheenshane

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This is another positive move that possible could be impacted the Bitcoin price and give more awareness for most people that could possibly small or big investors, just like what happened lately, Greyscale, Paypal, and the Porn industry adopt Bitcoin. What next?

However, these executives have access to the main statistics, data, and pretty knows how finance works. So probably we don't need to worry about them. They have things they considered before investing their stuff in Bitcoin.

They already speculated what would happen to their assets with sets of research. Those actions will make sure to profit them in the future.

oktana

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Eloncoin.org - Mars, here we come!

This year, Bitcoin actually had many new, huge investors.
We've had big companies/platform invest into bitcoin and considering the daily increasing publicity,
I can say that the few years ahead can be trusted.

jossiel

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$25m may not be that much to move the market but it's the inner reasoning and effect is more important than it. Skybridge might start a bitcoin fund soon. The about to be launched fund will be exclusive to their investors that can buy as much as $50,000.

Most details are on this article below;

Scaramucci’s SkyBridge Launching a Bitcoin Fund

goldade

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We've always known that bitcoin will eventually be adopted by across the globe. What we didn't know is how long it will take. Majority of companies, if not all, will eventually follow suite and adopt bitcoin.
However, it is noteworthy to know that reputable companies such as Microstrategy and Skybridge adopting bitcoin now will help speed up the process of mass adoption as several other companies will be inspired to follow their example just as Skybridge was inspired by Microstrategy. Believe me, at this rate of adoption, I won't be surprised if bitcoin becomes the world's currency as early as 2023

Accardo

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After the success spending of $1.1b on Bitcoin this year 2020. Microstrategy now holds 70,470 Bitcoins. Scaramucci of skybridge credited “Michael Saylor" CEO Microstrategy for inspiring him to start his Bitcoin funds, which he invested $25million on Bitcoin recently.

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?

Let us share our thoughts, Thank you.

Source: https://www.coindesk.com/scaramuccis-skybridge-invested-25m-in-new-bitcoin-fund?amp=1&__twitter_impression=true

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