Crypto Currency

Big Money is Moving into Bitcoin and Etherium

Bitcoin has been trading over $30,000 and Etherium is over $1000. Bitcoin is up 300% since late in 2020. Bitcoin gained the public support of more billionaires and mainstream investors. Paul Tudor Jones and Stanley Druckenmiller have both put money in bitcoin and pointed out its potential as an inflation hedge. Paul Tudor Jones II…

Bitcoin has been trading over $30,000 and Etherium is over $1000. Bitcoin is up 300% since late in 2020. Bitcoin gained the public support of more billionaires and mainstream investors. Paul Tudor Jones and Stanley Druckenmiller have both put money in bitcoin and pointed out its potential as an inflation hedge. Paul Tudor Jones II founded his hedge fund, Tudor Investment Corporation in the 1980s and founded the Robin Hood Foundation. Stanley Druckenmiller is the former chairman and president of Duquesne Capital, which he founded in 1981. He closed the fund in August 2010 when Duquesne Capital had over $12
The post Big Money is Moving into Bitcoin and Etherium first appeared on NextBigFuture.com.
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Crypto Currency

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Crypto Currency

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TLDR: Fold sold ~$45M in Bitcoin at an average price of $71,000 to fund a full balance sheet reset. The company repaid $20M in Bitcoin-collateralized debt, eliminating all secured obligations. A $25M cash allocation targets Credit Card scaling, new products, and financing partnerships. Fold retains a Bitcoin treasury position and keeps its revolving credit facility

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The post Fold Sells $45M in Bitcoin to Wipe Out Debt and Back Next Growth Phase appeared first on Blockonomi…
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Crypto Currency

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Crypto Currency

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Bitcoin miner profits recently fell to record lows, while Bitcoin struggles to hold the $60,000 floor. Should traders be worried…

Bitcoin miner profits recently fell to record lows, while Bitcoin struggles to hold the $60,000 floor. Should traders be worried…
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