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Bitcoin hit a new all-time on Wednesday, topping the $20,000 level for the first time and sending the
Grayscale Bitcoin Trust (OTC: GBTC) higher by 8.1%.
Bitcoin flirted with its 2017 highs of $19,850 a couple of weeks ago before pulling back. The popular cryptocurrency took out those levels on Wednesday and was trading at around $20,523 in early morning trading.
Bitcoin prices bottomed at around $3,600 back in March but have since gained around 440%, making the cryptocurrency one of the best performing assets since the market recovery began. The 2020 rally has also finally made all the buyers during the 2017 bubble profitable on their trades.
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Hedge fund One River is newest player in cryptocurrencies. CEO Peters sees ‘generational allocation’ to digital assets.
Compártelo:
16 diciembre, 2020
A hedge fund specializing in volatility bets has emerged as one of the largest investors in
Bitcoinafter quietly buying more than $600 million in cryptocurrencies and joining forces with Alan Howard, the co-founder of Brevan Howard Asset Management. Eric Peters, chief executive officer of One River Asset Management, said in an interview he set up a new company to seize on the growing interest in cryptocurrencies among institutional investors. In addition to its initial purchases,
One River Digital Asset Management has commitments that will bring its holdings of Bitcoin and Ether to about $1 billion as of early 2021, he said.
Bitcoin Whale Emerges With $1 Billion, Alan Howard’s Backing
Bloomberg 12/16/2020 Erik Schatzker
(Bloomberg) A hedge fund specializing in volatility bets has emerged as one of the largest investors in Bitcoin after quietly buying more than $600 million in cryptocurrencies and joining forces with Alan Howard, the co-founder of Brevan Howard Asset Management.
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Eric Peters, chief executive officer of One River Asset Management, said in an interview he set up a new company to seize on the growing interest in cryptocurrencies among institutional investors. In addition to its initial purchases, One River Digital Asset Management has commitments that will bring its holdings of Bitcoin and Ether to about $1 billion as of early 2021, he said.
Guggenheim s Scott Minerd Says Bitcoin Should Be Worth $400,000 newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.