https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, Have governments shown interest in buying Bitcoin? Apparently yes, according to NYDIG, Forex-News, Forex-News
Bitcoin
$57,183.46
-1582.84
Ethereum
$3,827.19
+266.15
Litecoin
$350.82
+10.82
DigitalCash
$381.42
-30.82
Monero
$453.85
-16.56
Nxt
$0.07
-0.01
Ethereum Classic
$117.71
+3.7
Dogecoin
$0.44
-0.28

Have governments shown interest in buying Bitcoin? Apparently yes, according to NYDIG

7
, Have governments shown interest in buying Bitcoin? Apparently yes, according to NYDIG, Forex-News, Forex-News


, Have governments shown interest in buying Bitcoin? Apparently yes, according to NYDIG, Forex-News, Forex-News

The pandemic and political action by governments has accelerated the adoption of Bitcoin as a store of value and consequently we have seen an increase in demand from institutional investors. But is there a possibility that governments are considering investing in Bitcoin? Apparently yes, according to the CEO of NYDIG.

Governments assess investing in Bitcoin

Robert Gutmann, CEO of New York Digital Investment Group, pointed out in a podcast with Raoul Pal that the firm has held talks with sovereign wealth funds about possible investments in Bitcoin.

In fact, Pal was not surprised by Gutmann’s claim as he claimed that Singapore’s sovereign wealth fund, Temasek, was in fact a Bitcoin investor. Specifically, Pal said that Temasek, which has around $ 306 billion in assets under management, has bought Bitcoin directly from miners.

, Have governments shown interest in buying Bitcoin? Apparently yes, according to NYDIG, Forex-News, Forex-News

Therefore the adoption of the leading crypto is a reality. However, not everyone is so in agreement that it is possible for governments to invest in Bitcoin.

Ray Dalio ensures high probability that Bitcoin will be banned

Ray Dalio, billionaire and founder of Bridgewater Associates, assured Yahoo Finance that government bans on Bitcoin are highly probable in the future.

«Each country treasures its monopoly on the control of supply and demand. They don’t want other funds to be operating or competing, because things can get out of handDalio said.

, Have governments shown interest in buying Bitcoin? Apparently yes, according to NYDIG, Forex-News, Forex-News

Meanwhile, Raj Chowdry, blockchain entrepreneur and CEO of HashCash, ensured that specifically the crypto ban in India would have serious implications for the future of the country’s economy and lead to a devaluation of the currency.

«Maintaining cryptocurrency reserves is just as important as maintaining dollar reserves. Therefore, by banning cryptocurrencies, India will end up with the lowest reserve of the most important currency the world has ever seen. This would eventually lead to a currency devaluation in the worst way.», He explained.

Goldman Sachs files its application with the SEC for a crypto investment product

Goldman Sachs submitted a document to the SEC detailing a note tied to an investment product similar to an ETF. Basically, Goldman Sachs believes that it would be a suitable way to meet the demand of its clients to be exposed to the crypto market.

In this regard, the linked note tracks ARK Innovation, an ETF that is invested in Grayscale Bitcoin Investment Trust Grayscale, investors could be exposed to the leading crypto, but not directly.

CBOE CEO seeks to meet demand from crypto users

Ed Tilly, CEO of Cboe Global Markets, said the firm plans to develop more crypto futures products very soon, according to Bloomberg.

Thus, Tilly explained that: «We are interested in building the whole platform. There is a lot of demand from retailers and institutions and we need to be thereí ».

In a few lines …

  • Cathie Wood, CEO of Ark Invest, is warning crypto investors not to sell or transact Bitcoin until the IRS introduces more sensible tax policies.
  • TIME magazine sold its four covers as NFT tokens for almost $ 500,000.
  • The Danish Red Cross presented Blockchain-based bonds aimed at providing humanitarian support in the event of volcanic catastrophes.



, Have governments shown interest in buying Bitcoin? Apparently yes, according to NYDIG, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, Have governments shown interest in buying Bitcoin? Apparently yes, according to NYDIG, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More