November 18 – November 24, 2020 | Tyler Winklevoss congratulates 3iQ’s growth, the drivers powering Bitcoin’s 2020 rally, and more

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

Announcement: Tyler Winklevoss Congratulates 3iQ’s Growth

November 18 – Gemini’s Tyler Winklevoss congratulates 3iQ for raising $58 million USD through an overnight treasury offering of Class A units. Please contact your financial advisor to find out how to participate in the next overnight treasury offering.

Read the tweet here.

BlackRock CIO: “Bitcoin is Here to Stay”

November 20 – On CNBC’s Squawk Box, BlackRock’s CIO, Rick Rieder, expresses his belief in cryptocurrency, including bitcoin, stating that it is “here to stay.” Rieder also claimed that bitcoin is a durable mechanism that could replace gold, which he attributed to its functionality.

Read the article here.

Hedge Funds Fuelling Bitcoin’s Second Big Rally

November 20 – Institutional investors, rather than retail investors, are powering the current rally in the price of bitcoin largely as a result of purchasing exchange-traded products. ETPs are regulated, unlike bitcoin, so hedge funds interested in gaining exposure to cryptocurrencies can invest in the products.

Read the article here.

The Drivers Behind Bitcoin’s 2020 Rally

November 20 – Bitcoin has nearly surpassed its record peak of $20,000, having risen 160% this year. The cryptocurrency’s remarkable 2020 rally is attributable to these factors: 1) risk-on trade, 2) inflation hedge, and 3) lower volatility.

Read the article here.

Bank of England: Digital Currencies Mitigate Negative Interest Rates

November 18 – The chief economist at the Bank of England claims that digital currencies could diminish the demand for negative interest rates, which arises from a technology constraint. A widely-used digital currency could mitigate this technological constraint by enabling interest rates to be levied on retail monetary assets.

Read the article here.

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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.