Bitcoin Bought at $20K Retained More Value Than the Peso –

Bitcoin has proven to be a store-of-value in Argentina where you would have been better off buying BTC at its peak rather than hold the peso. Argentina Ensnared Political and Economy Turmoil The Argentinian economy continues to shrink, afflicted by stubbornly high inflation, which President Mauricio Macri, who is running for re-election, has been unable […]

Continue Reading

3 Reasons The Current Bitcoin Price Rally is Fundamentally Different –

Barry Silbert, Digital Currency Group founder and CEO, has been talking to Bloomberg about the latest Bitcoin resurgence. In particular, he discussed the factors making this time fundamentally different from rallies following previous drawdowns. Underlying Bitcoin Infrastructure Improvements Silbert first pointed out that 80 percent drawdowns have happened multiple times before, and each time Bitcoin […]

Continue Reading

GBTC Premium Rises 47% Above Bitcoin Price Signalling Institutional Demand

The Grayscale Bitcoin Trust is marking notable gains since the beginning of 2019, despite the rising premium in the product compared to Bitcoin’s net asset value (NAV). According to some, this is a sign of institutional net buying and that new money is coming into the market.  GBTC Soars 47% Since Pre-5K Breakout GBTC, a […]

Continue Reading

Grayscale Has Raised Nearly $330 Million This Year According to Q3 Report

Grayscale’s Q3 2018 Digital Investment Report says the firm has raised around $330 million so far in 2018. Grayscale had raised $25.4 million at this time in 2017.  The latest Digital Asset Investment Report from cryptocurrency firm Grayscale Investments signifies they are still going strong, despite market downturns for virtual currencies in 2018. The report […]

Continue Reading