pixabay.com
Bitcoin became a widely used cryptocurrency and rose from obscurity since it was launched in 2009. Not only it managed to become a synonym of mainstream crypto adoption, but it is also the main reason why today there are over 4,000 altcoins. In this article, we explore how Bitcoin became a famous cryptocurrency, and it marked a new era of the implementation of new, innovative technology- blockchain technology.
Blockchain Technology
Blockchain technology is a crucial factor that powered Bitcoin s success and the success of any other virtual currency that was created afterward. The blockchain network is a technical infrastructure based on an autonomous peer-to-peer network of computer systems that are linked via cryptography and are responsible for the operations in the network.
Major Israeli Investment House Invested $100 Million in the Grayscale Bitcoin Trust Fund in December 2020
One of the biggest asset managers in Israel allocated millions of dollars into the shares of Grayscale’s Bitcoin Trust (GBTC). Altshuler Shaham is now gaining exposure to bitcoin by investing $100 million in shares, according to a local media outlet.
Altshuler Shaham Currently Holds $150M Worth in BTC
Per Globes Israel, the multi-million-dollar investment yielded a return of almost 100%. That’s because the exposure was made by the investment house in December 2020, when bitcoin (BTC) prices were hovering around the $21,000 level.
Afterward, Altshuler Shaham took profits when BTC hit new all-time highs in February. According to Global, the investment house closed its position on about a third of its holdings in GBTC fund.
Since buying a reported 21,454 BTC in August 2020 worth $250 million, MicroStrategy has not looked back. Its CEO Michael J. Saylor has become somewhat [.]
Here s how the Purpose Bitcoin ETF differs from Grayscale s GBTC Trust cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
Microsoft s President: We re Not Considering Bitcoin For Now insidebitcoins.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidebitcoins.com Daily Mail and Mail on Sunday newspapers.