Billionaire Hedge Funder Bill Ackman Mulls Bitcoin
The activist investor has previously mostly steered clear of any involvement in crypto.
The activist investor has previously mostly steered clear of any involvement in crypto.
Thursday’s filing with the SEC, follows an update earlier this week to add bitcoin ETPs to BlackRock’s $36.7B AUM Strategic Income Opportunities Fund.
The world’s largest crypto briefly rose above $70,000 Friday, but immediately tumbled more than 3% to below $67,000.
The second-largest cryptocurrency last surpassed that level in December 2021.
The latest price moves in crypto markets in context for March 8, 2024.
The bitcoin spot ETF market could grow to around $62 billion in the next two to three years, the report said.
Bitcoin traders are having a relook at the $200,000 call option after a gap of nearly three years.
The Ethereum blockchain has nearly one million validators today. The combination of protocol rewards and priority transaction fees against a stable monetary supply backdrop results in a compelling [real] yield for investors.
Multiple Ethereum NFT funds were also among the backers, marking their first investment in a Bitcoin-focused company
Bitcoin has already climbed to new all-time high while ether is lagging, but previous market cycles suggest change is coming.