A recent report from Bloomberg shows that Morgan Stanley could be the next major institutional investor to hop on the Bitcoin (BTC) train. According to the report, a unit of Morgan Stanley Investment Management, Counterpoint Global, is considering BTC as a suitable investment option for its current investors. The report also indicated that going through […]
While the US is still inhibitive of the idea of a Bitcoin (BTC) ETF, the Ontario Securities Commission (OSC) has approved an application from Purpose Investments Inc., a financial services firm, to offer an ETF product across several Canadian territories. The approval document noted that Purpose Investments filed its prospectus under Multilateral Instrument 11-102 Passport […]
Bitcoin (BTC) spiked to a new all-time high on Thursday, following a recent announcement that MasterCard plans to integrate cryptocurrencies into its payment services later this year. The credit card behemoth’s decision came a few days after Tesla announced that they had acquired $1.5 billion worth of Bitcoin in January and will start accepting payment […]
Following Tesla’s recent $1.5 billion (15% of its net cash holdings) Bitcoin (BTC) acquisition, many cryptocurrency enthusiasts have asserted that several more companies could follow suit. Some speculated that Apple could be next, while Max Keiser noted that it could be Larry Ellison’s Oracle. However, some JPMorgan analysts are holding onto a different opinion. According […]
Behemoth electric manufacturer, Tesla, has become the latest institutional investor to invest a huge sum into Bitcoin (BTC) after it was announced yesterday that the company bought $1.5 billion worth of Bitcoin in January and now accepts BTC payments. The trend of institutional investors taking up huge amounts of Bitcoin picked up momentum in the […]
The notion that Bitcoin (BTC) is steadily claiming market shares from gold—which has recently been peddled by JPMorgan—appears to have been adopted by Bloomberg strategists. The bank also believes that this investment outflow could have adverse effects on the price action of the yellow metal. In Bloomberg’s February report, the company suggested yet another narrative, […]
When traders are looking for ways to become consistently profitable, they, sadly, tend to consider the wrong factors and looking for solutions in the wrong places. Yes, factors like hit rates, risk-to-reward ratios, risk control, etc. are very important to your career as a trader. Nonetheless, there is an important factor that determines your profitability, […]
The Central Bank of Nigeria disseminated a memo earlier, expressing their intentions to place a ban on Bitcoin (BTC) and cryptocurrency transactions in the region. In 2017, the Director of Finance and Policy Regulation of the bank, Kevin Amugo, endorsed a document warning against the illicit use of Bitcoin and other cryptocurrencies in money laundering […]
Bitcoin (BTC) has been repeatedly touted as a good store of value like gold, considering the cryptocurrency shares similar qualities—like limited supply—with the precious metal. This narrative has been defended by several respected representatives of traditional financial institutions, like Skybridge Capital’s Anthony Scaramucci. At the same time, many others have refuted this claim, and the […]
