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TodayIR: Einvestment Fund: Bitcoin Reaches All-Time High of USD51K+ After Tesla Reveals a USD1.5B Investment

TodayIR: Einvestment Fund: Bitcoin Reaches All-Time High of USD51K+ After Tesla Reveals a USD1.5B Investment
DJ EQS-News: Einvestment Fund: Bitcoin Reaches All-Time High of USD51K+ After Tesla Reveals a USD1.5B Investment EQS-News / 18/02/2021 / 10:58 UTC+8 Einvestment Fund: Bitcoin Reaches All-Time High of USD51K+ After Tesla Reveals a USD1.5B Investment Bitcoin - the world's most popular cryptocurrency - has reached a new threshold of USD51,000 after Elon Musk announced an investment of USD1.5 billion in Bitcoin. On February 8, 2021 (Monday), the manufacturer of electric cars, Tesla, announced the company had acquired USD1.5 billion worth of Bitcoin. The deal boosted a spike in Bitcoin's price, which soared to almost USD44,000 on Monday. Later, the crypto hit USD47,000 and even surpassed USD51,000 on February 17. The rise of Bitcoin's price is attributed to the support of Tesla and its CEO, Elon Musk, in particular. Musk has been a supporter of cryptocurrencies, specifically Bitcoin. He admitted the fact in an interview on Clubhouse - a new trending social media app for wealthy people and industry leaders. The statement resulted in the price spike. Besides Bitcoin, he also mentioned Dogecoin in a tweet and, as a result, increased its market capitalization.

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Einvestment Fund reports 253% year-to-year revenue growth and surpasses €100M in Assets Under Management

Einvestment Fund reports 253% year-to-year revenue growth and surpasses €100M in Assets Under Management
LONDON, Jan. 14, 2021 /PRNewswire/ --
Einvestment Fund significantly increased its revenue in 2020: it reached €38.2 million in 2020, compared to €15.1 million in 2019. The company reports a YoY growth of 253%, which was predominantly driven by the health care, green energy, and cryptocurrency sectors.
As of December 31, 2020, the fund has surpassed €103 million in Assets Under Management (AUM). The Fund plans to reach €200 million in AUM by 2022 as a result of expansion to new markets and improved portfolio management strategies.
"Bitcoin finally goes institutional, so crypto rally of 2020-2021 is primarily accelerated by institutional investors that are actively piling into Bitcoin and other digital assets. This is an important milestone in the industry that is attracting more people and new demanded products to the industry and move crypto market to a new level. Therefore, such a type of asset is becoming a serious competitor in the investment circles for traditional asset classes, including equities, commodities, precious metals, and even the traditional gold market with a worth of $9 trillion." - says Einvestment's Executive Director, Martha Vodvik.

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