Bitcoin price discussion and analysis
- Thread starter greggles
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LTC and ETH did alright this week.
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Neither are near their all time highs. I wonder if they could get to doubling from here?
Personally I thought coins were looking weak the other week. Surprised by bitcoins run.
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Ruffer Investment Used Coinbase to Execute $745M Bitcoin Buy
As CoinDesk reported Tuesday, Ruffer invested 2.5% of its $27 billion portfolio into bitcoin in November. The following day, One River Digital, a crypto-focused offshoot of volatility hedge fund One River Asset Management, came out of stealth, proclaiming it had already brokered $600 million in bitcoin and ether for its institutional clients.
Coinbase confirmed on Wednesday that it was conducting trade execution and crypto custody for One River Digital. It declined to comment for this story.
Ruffer owns a stake in One River Digital. Billionaire hedge fund manager Alan Howard does as well. One River Digital did not respond to a request for comment.
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Did someone mention Raoul Pal previously?
This Is WHY Bitcoin Price Will Skyrocket: "A Wall Of Money Is Coming" (Raoul Pal)
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wayneL
VIVA LA LIBERTAD, CARAJO!
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This is why I have become a HODLer. Have been keeping track of the whales who have been gradually wading into Bitcoin.
Just wish I was as "irresponsibly long" as Mr Pal.
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$5 Billion Ark Investments Founder is "Extremely Bullish" on Bitcoin.
Thinks it has proven to be the reserve currency of the Internet - Bloomberg - Dec 18th 2020
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Thinks it has proven to be the reserve currency of the Internet - Bloomberg - Dec 18th 2020
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That depends on how many different coins are looked at. Here is a very long list of 3,819 - https://uk.advfn.com/cryptocurrency
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Australia's crypto ecosystem 2020: The spark for a DeFi explosion
Australia loves to embrace new technology and punch above its weight internationally. The growth of the crypto ecosystem Down Under during plague-ridden 2020 showcases both.
cointelegraph.com
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MicroStrategy Announces Over $1B in Total Bitcoin Purchases in 2020
TYSONS CORNER, Va.--(BUSINESS WIRE)--Dec. 21, 2020-- MicroStrategy® Incorporated (Nasdaq: MSTR) (the “Company”), the largest independent publicly-traded business intelligence company, today announced that it had purchased an additional approximately 29,646 bitcoins for approximately $650.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $21,925 per bitcoin, inclusive of fees and expenses.
As of December 21, 2020, the Company holds an aggregate of approximately 70,470 bitcoins, which were acquired at an aggregate purchase price of approximately $1.125 billion and an average purchase price of approximately $15,964 per bitcoin, inclusive of fees and expenses.
At 12:00 midnight on December 21, 2020, the market price of bitcoin reported on Coinbase was approximately $23,910 per bitcoin.
“The Company continues to operate in accordance with its Treasury Reserve Policy and currently holds approximately 70,470 bitcoins,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. “The acquisition of additional bitcoins announced today reaffirms our belief that bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value. We believe the proactive management of our balance sheet, combined with the improved revenue and profitability performance of the Company, have been significant factors in the recent appreciation in our stock price.”
“The Company continues to believe bitcoin will provide the opportunity for better returns and preserve the value of our capital over time compared to holding cash. We also remain dedicated to our customers and our goal of operating a growing profitable business intelligence company,” said Phong Le, President & CFO, MicroStrategy Incorporated. “As we work to grow revenue through HyperIntelligence®, Cloud Intelligence™ and Embedded Intelligence™ offerings, the Company expects to continue to generate positive operating income and free cash flow and will continue to evaluate the use of excess cash in accordance with our capital allocation strategy and Treasury Reserve Policy.”
That was a long list.
My main thoughts: is this where bitcoin becomes 'the one to rule them all"?
Ltc, eth, xrp don't look that strong (all time highs considered).
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Ripple being sued by the SEC won't be helpful to the XRP price;
dailyhodl.com
XRP Price Plunges After Ripple Says Company Will Be Sued by SEC - The Daily Hodl
The price of XRP is down 16% after Ripple CEO Brad Garlinghouse said the company will be sued by the Securities and Exchange Commission (SEC).
dailyhodl.com
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Wayne, this podcast is for you.
This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Raoul Pal, he co founder and CEO of Real Vision. He spent his entire career as a successful macro investor, retired at an early age, and is one of the most prolific investor voices on Twitter.
In this conversation, Raoul and Anthony discuss what the world’s best investors are saying behind closed doors, the macro economy, Bitcoin, gold, institutional asset allocation, CBDCs, DeFi, what would change Raoul’s mind, and recent progress at Real Vision.
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In the podcast above, this is what Raoul talks about.
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The Winklevoss Twins: Bitcoin Is The "Trade of the Decade" (w/ Raoul Pal)
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Great podcast.
Well worth watching
Bitcoin Infiltrates Corporate America (w/ Michael Saylor and Raoul Pal)
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Well worth watching
Bitcoin Infiltrates Corporate America (w/ Michael Saylor and Raoul Pal)
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Bitcoin is the world's first engineered safe-haven investment: Microstrategy's Saylor
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Good find. Was wondering why they were dropping.Ripple being sued by the SEC won't be helpful to the XRP price;
XRP Price Plunges After Ripple Says Company Will Be Sued by SEC - The Daily Hodl
The price of XRP is down 16% after Ripple CEO Brad Garlinghouse said the company will be sued by the Securities and Exchange Commission (SEC).
