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, Bitcoin could hit $ 50,000 before ending the weekend, Forex-News, Forex-News
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Bitcoin could hit $ 50,000 before ending the weekend

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, Bitcoin could hit $ 50,000 before ending the weekend, Forex-News, Forex-News


, Bitcoin could hit $ 50,000 before ending the weekend, Forex-News, Forex-News

On February 12, the price of Bitcoin (BTC) hit a new all-time high of $ 48,985 before falling back to the $ 46,000 level. Market bulls maintain the expectation that Bitcoin could hit $ 50,000 before the end of the weekend.

A quick look at the charts shows the top ranked cryptocurrency trading in what appears to be a brief consolidation phase. But BTC still maintains its bullish momentum through a pattern of higher highs and lows.

In this context, if BTC can maintain its current pace and structure, it is possible that Bitcoin could hit $ 50,000 before the end of the weekend.

In fact, the price of Bitcoin began to recover. After it became known that Morgan Stanley’s investment arm is considering buying BTC.

According to various pieces of news, Morgan Stanley, one of the largest investment banks in the US, is apparently considering investing in Bitcoin (BTC).

The market leading cryptocurrency is priced at $ 46,830 according to our internal crypto online tool. Registering a decreasing variation of -1.39%.

Morgan Stanley would be considering investing in Bitcoin

According to various media outlets this morning, Morgan Stanley is the latest major financial institution to consider investing in Bitcoin.

Citing “people with knowledge of the matter,” the story says Cointerpoint Global, a subsidiary of Morgan Stanley Investment Management with $ 150 billion in assets under management. “He is analyzing whether cryptocurrency would be a suitable option for his investors.”

The Morgan Stanley website describes Counterpoint Global as a specialized investment fund “whose market value may increase significantly for underlying fundamental reasons.”

The fund is up 72.7% so far this year. Significantly outperforming the gains of the MSCI All Country World Net index, which is 16.25%.

The growing interest in Bitcoin shouldn’t necessarily come as a surprise, given that the company has made a significant investment in Microstrategy.

In January, Morgan Stanley had bought a 10% stake in Microstrategy. Whose shares have soared and its CEO has become a Bitcoin icon since announcing a strategic investment in BTC last year.

Statement from Spanish regulators on crypto risks raises criticism

Spanish companies are unlikely to see Bitcoin on their balance sheets in the short term.

The Spanish Securities Market Commission (CNMV) is in the news after it together with the Bank of Spain issued a joint statement to investors. Warning them of the “risks” associated with cryptocurrencies as an investment.

The statement, which updates a previous one made in 2018, said that cryptocurrencies are a risky investment class. “Due to its extreme volatility, complexity and lack of transparency.”

However, it should be noted that both the CNMV and the Bank of Spain recognized that cryptocurrencies and the technology behind them may have some long-term benefits for the economy. Specifically, the statement stated that cryptocurrencies and blockchain, “may be elements that will energize and modernize the financial system in the coming years.”

BlockFi Boosted Grayscale Bitcoin Fiat Holdings of 11.9 Million Shares, Now Has $ 1.7 Billion GBTC

Cryptocurrency lender BlockFi revealed on Friday that it owns $ 1.7 billion worth of shares in the Grayscale Bitcoin Trust. Or 5.66% of the market-leading bitcoin institutional investment vehicle.

The 36.1 million GBTC shares now held by BlockFi represent an increase of 11.9 million from its previous holdings of 24.2 million shares. Revealed for the first time last October.

BlockFi’s ongoing participation in GBTC is particularly notable due to BlockFi’s intentions to launch a trusted Bitcoin product that competes directly for institutional dollars that might otherwise flow into GBTC.



, Bitcoin could hit $ 50,000 before ending the weekend, Forex-News, Forex-News

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, Bitcoin could hit $ 50,000 before ending the weekend, Forex-News, Forex-News

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