Monday, January 25, 2021
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Investment Executives Of Multi-Billion Dollar Firms Are Biting The Bitcoin Pie

by firstcryptonews
August 10, 2019
in Coins
Investment Executives Of Multi-Billion Dollar Firms Are Biting The Bitcoin Pie

There is a lot to be said for institutional investment into the cryptosphere especially through Bitcoin. However, where institutions might be dropping the ball regarding direct investment and positive sentiments, powerful individuals just might be picking it up.

Specifically, it would seem like some of the heads of investments for some traditional multi-billion giants are looking into Bitcoin and how they might be a part of the wave.

CIOs Are Spending On Bitcoin
Popular Bitcoin Bull and co-founder of Morgan Creek Digital, Anthony ‘Pomp’ Pompliano, recently posted a tweet, revealing a “new trend” he has personally noticed. According to him, even though many giant firms are not yet directly invested in Bitcoin investment, their Chief Investment Officers (CIO) are.

“NEW TREND: I’ve met with multiple CIOs at multi-billion dollar institutions lately. The firms aren’t invested in Bitcoin yet, but the CIOs are. That will quickly change.”

Pomp hopes that the interest shown by these executives would be enough to sway the firms in the Bitcoin direction. Already there is some favorable sentiment shared by individuals and institutions alike and it is hoped that firms like Fidelity Digital Asset Services, would influence others into making a direct play very soon.

It’s Already Happening
Miller Value Partners, a firm led by veteran investor and hedge fund manager, Bill Miller, has reportedly made a significant 46% profit this year alone, thanks to Bitcoin. This is an outstanding figure, especially when it is considered that only 7% has been recorded for the S&P 500. Miller has also declared that since 2014, he has held 1% of his entire net worth in Bitcoin.

Former Facebook senior executive, Chamath Palihapitiya has also said he believes that the “single best hedge against the traditional financial system” is Bitcoin.

Furthermore, the Research Division of Binance conducted a study that found that “all simulated portfolios which included Bitcoin exhibited overall better risk-return profiles than traditional multi-asset class portfolios”.

According to the study, it is the best option for diversification because “despite its volatility, Bitcoin has not exhibited a significant correlation with other traditional asset classes such as commodities, equities or fixed-income products since its creation in 2009″.

Related Posts

Bittrex to remove the U.S. markets for top privacy coins including Monero, Zcash and Dash

Bittrex to remove the U.S. markets for top privacy coins including Monero, Zcash and Dash

by firstcryptonews
January 2, 2021
0

Bittrex announced on Dec. 29 that its exchange will be removing the U.S. markets for the three of the biggest...

Brad Garlinghouse Open to Move Ripple to Another Country

Brad Garlinghouse Open to Move Ripple to Another Country

by firstcryptonews
October 14, 2020
0

Brad Garlinghouse, Co-founder and CEO of one of the biggest crypto-blockchain companies in the world, Ripple, has expressed his concerns...

Cardano’s Winning Streak Continues As ADA Overtakes Litecoin To Become Seventh-Largest Crypto

Cardano’s Winning Streak Continues As ADA Overtakes Litecoin To Become Seventh-Largest Crypto

by firstcryptonews
July 8, 2020
0

This week has started quite well for Cardano. The blockchain’s native cryptocurrency, ADA, is now the seventh-biggest crypto by market...

The “big ones” are already buying

The “big ones” are already buying

by firstcryptonews
July 3, 2020
0

The US technology stocks index Nadsaq 100 has reached new highs in the past few days – and has thus...

WhatsApp Payments Ban in Brazil Reiterates the Necessity for Crypto-Globalization

WhatsApp Payments Ban in Brazil Reiterates the Necessity for Crypto-Globalization

by firstcryptonews
July 1, 2020
0

Facebook has been on a mission to diversify its social media platforms by either independently integrating payment features or merging...

Ex-KFC Worker Busted for Building Bitcoin-Aided Crime Enterprise

Ex-KFC Worker Busted for Building Bitcoin-Aided Crime Enterprise

by firstcryptonews
June 10, 2020
0

Leicestershire, England resident Paul Johnson seemed to be having a ton of success as a tea trader. But according to...

Next Post
Future Uncertain For XRP Despite Ripple’s Effort to Increase Its Worth

Future Uncertain For XRP Despite Ripple’s Effort to Increase Its Worth

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

STIB TOKEN

StiB tokens, sti listing on probit 02/20/2020

11 months ago
Despite $1.2B Valuation, Ethereum Co-Founder’s Polkadot Project Could Be Having Troubles

Despite $1.2B Valuation, Ethereum Co-Founder’s Polkadot Project Could Be Having Troubles

2 years ago
BitEclipse

BitEclipse helps you in easy trading of your assets!

1 year ago
Celebrity Jeweler Ben Baller Sold 300 Bitcoins At $1,000, Now He‘s Telling Everyone How Much He Regrets It

Celebrity Jeweler Ben Baller Sold 300 Bitcoins At $1,000, Now He‘s Telling Everyone How Much He Regrets It

1 year ago
Super8 Coin : Move Super8 in a second for less than a cent.

Super8 Coin : Move Super8 in a second for less than a cent.

1 year ago
intelligent hero

Why Intelligent HERO is an important platform ?

1 year ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

This publicly listed company just bought $2 million worth of Bitcoin for its treasury

This publicly listed company just bought $2 million worth of Bitcoin for its treasury

December 30, 2020

Recent News

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year

October 14, 2020

Press Release

dao maker

Announcing the Completion of the DAO Maker DYCO on Gate.io Exchange

January 20, 2021

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News