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Bitcoin price drop is a moment for some to buy the dip - Article

Bitcoin price drop is a moment for some to buy the dip - Article
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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'Massively undervalued': invest in the car companies taking on Tesla

Volkswagen s ID.3 model is challenging the Tesla Model 3
Credit: Hardy Mutschler/Volkswagen AG
Tesla hogs the limelight when it comes to electric vehicles but traditional car companies are fast catching up and their shares are far cheaper – which could make them better investments.
Electric vehicles (EVs) account for only around 4pc of cars on British and American roads, according to the consultancy McKinsey, but that is about to change.
The sale of new petrol and diesel cars and vans will be banned in Britain from 2030 and drivers who want electric alternatives will not be short of options. By the end of next year 450 new models will have been launched globally in just 24 months, according to McKinsey. The opportunity for any manufacturer that dominates the market is enormous. ....

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Rich crypto investors going it alone pulls Goldman off sidelines

Rich crypto investors going it alone pulls Goldman off sidelines
financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.

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PEOPLE MOVES: LGT, FSCS, Stonehage Fleming

Bank names CEO, while UK lifeboat scheme COO steps down
LGT
Roland Matt is set to become LGBT Bank’s chief executive and a member of the board of LGT Private Bank, effective from 1 January 2022.
He will succeed Roland Schubert, who will take on a directorship role at the bank.
Matt joins from Liechtensteinische Landesbank, where he served as a board member since 2009 and as group chief executive since 2012.
Financial Services Compensation Scheme (FSCS)
The UK lifeboat scheme’s first chief operating officer, Jimmy Barber, will step down in April 2021.
He took on the c-suite position in January 2016.
As of 1 February 2021, head of operational support Sarah Marin took on the role of interim chief customer officer. ....

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Wealthy investors are buying Bitcoin as stigma fades

Wealthy investors are buying Bitcoin as stigma fades
Edward Robinson and Benjamin Stupples
Dec 16, 2020 – 9.00am
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Christian Armbruester wishes he’d bought more.
Armbruester, the founder of Blu Family Office, a London-based investment firm for wealthy clients, dabbled in cryptocurrencies a few years ago. But the onetime investment banker, whose family made a fortune in metals and manufacturing, believes cryptocurrencies have earned a place in a diversified portfolio. With Bitcoin surging more than 270 per cent since its 12-month low in March, he’s ratcheting up his investments in the space and eyeing big gains.
“We’re now looking for trading opportunities in a very exciting field,” says Armbruester, who manages about $US670 million ($891 million) for Blu Family Office, including his personal wealth. ....

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