April 11 – April 17, 2020 | Winklevoss Twins on The Bitcoin Fund, Stock-to-Flow Model, and More

North iQ Weekly Newsletter is curated to provide insights on digital asset industry developments, market announcements, and performance analysis.

Winklevoss Twins: Toronto Stock Exchange’s Listing of Bitcoin Fund Can Have a Major Impact on Crypto

CoinTelegraph | April 14, 2020

The legendary tech entrepreneurs Cameron and Tyler Winklevoss believe that the recent public listing of The Bitcoin Fund (TSX:QBTC.U) on the Toronto Stock Exchange could have a major impact on the global cryptocurrency industry. The Winkevoss twins believe that this historic event could serve as a significant milestone, solidifying cryptocurrencies as a legitimate asset class to the global investment industry. “Now, any investor can get exposure to bitcoin on the Toronto Stock Exchange in the same way they can buy an ETF to get exposure to oil, gold, or a basket of tech stocks. While exciting, it’s not unexpected; this mirrors the growing appetite that institutional and retail investors alike are demonstrating for incorporating crypto assets into their larger portfolios,” said Cameron Winklevoss.

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3iQ CEO: ‘We can see bitcoin entering a new bull market’

Wealth Professional | April 14, 2020

While speaking about his firm’s successful launch of The Bitcoin Fund (TSX:QBTC.U) last week, Fred Pye, the president and CEO of 3iQ Corp, noted that bitcoin could be on the verge of a new bull market, as demand for “hard-assets” such as gold or bitcoin continue to look more attractive in the face of uncertain monetary policies from central banks around the globe. “When you look at bitcoin, it is the same as the market right now. The buyers want to buy when it hits the low and the sellers want to sell when it hits its high. We can see bitcoin entering a new bull market and with the trillions of dollars being printed, the only way for the economy to get out is to inflate. You need hard assets like gold and bitcoin, and we feel that we are in the right position.”

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Protect Canadian Startups! An Action Plan we can all get Behind

Front Fundr | April 14, 2020

FrontFundr has launched a new initiative aimed at supporting Canada’s startups and small businesses. The initiative is currently seeking signatures of support for three essential proposals to help Canadian startups weather the recent storm of COVID-19 and its resulting economic hardship. The proposals include an emergency implementation of a national crowdfunding campaign, federal and provincial tax credits for credible early-stage companies, and a federal and provincial fund matching program on capital raised by early-stage companies.

Click here to sign for your support

“Explosive” Demand for Stablecoins are Stemming from Everyday Businesses

CoinDesk | April 17, 2020

According to Circle co-founder and CEO Jeremy Allaire, US dollar-backed stablecoins are surging in popularity around the world, with much of the demand stemming from “everyday” business transactions which are not related to transfers between cryptoasset trading platforms. Allaire notes that sign-ups from non-crypto related businesses have seen dramatic increases, such e-commerce marketplaces, advertising networks, and even luxury goods producers. “We believe we are seeing a real turning point in the adoption of digital currency,” Allaire said. “We’re seeing record amounts of transaction volume.” According to data from CoinMetrics, Circle’s USDC stablecoin market capitalization increased 65 percent through March and April, from $444 million USD on March 1 to approximately $734 USD million as of April 17.

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Analyst: Bitcoin Halving Will be the Ultimate Test for “Stock-to-Flow” Model

CoinTelegraph | April 17, 2020

PlanB, the popular cryptocurrency analyst on Twitter known for his creation of the Stock-to-Flow Model, believes that the upcoming bitcoin halving expected to take place on May 12 could be the model’s “ultimate test”. The halving event cuts the rewards that miners receive for producing blocks in half, decreasing the annual inflation of bitcoin from 3.65% currently to just 1.8%. “(In my opinion) #bitcoin 2020 halving will be like 2012 & 2016. As per S2F model I expect 10x price (order of magnitude, not precise) 1-2 yrs after the halving,” said PlanB. When a Twitter commenter brought up the recent correlation between equities markets and bitcoin, PlanB responded that “during crisis, everything is correlated. What’s next is what’s interesting. They will not be correlated forever (in my opinion).”

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This Weekly Cryptoasset Newsletter is for informational purposes only and does not constitute, either explicitly or implicitly, any provision of services or products by 3iQ Corp (“3iQ”). Investors should determine for themselves whether a particular service or product is suitable for their investment needs or should seek such professional advice for their particular situation.3iQ Corp. makes no representation or warranty to any investor regarding the legality of any investment, the income or tax consequences, or the suitability of an investment for such investor. All content is original and has been researched and produced by 3iQ unless otherwise stated therein. No part of the content may be reproduced in any form, or referred to in any other publication, without the express written permission of 3iQ. All statements made regarding companies, securities or other financial information contained in the content or articles relating to 3iQ are strictly beliefs and points of view held by 3iQ and are not endorsements of any company or security or recommendations to buy or sell any security. No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. By visiting and/or otherwise using the 3iQ website in any way, you indicate that you understand and accept the terms of use as set forth on the website and agree to be bound by them. If you do not agree to the terms of use of the website, please do no access the website or any pages thereof. Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with 3iQ with respect to any linked site or its sponsor, unless expressly stated by 3iQ. Any such information, products or sites have not necessarily been reviewed by 3iQ and are provided or maintained by third parties over whom 3iQ exercises no control. 3iQ expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites. The information contained herein, while obtained from sources believed to be reliable, is not guaranteed as to its accuracy or completeness and confers no right on purchasers. Past performance of cryptoassets is not indicative of future performance and should not be used to forecast any return that an investor may realize.

Fred Pye

Frederick T. Pye


Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.