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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. |
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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. |
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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. |
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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. |
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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. |