REUTERS/Eduardo Munoz Billionaire investor Paul Tudor Jones is buying bitcoin, Bloomberg reported Thursday. The hedge fund manager said his fund may hold as much as a low single-digit percentage of its assets in bitcoin futures to help protect against a rise in inflation, according to the report. Paul Tudor Jones is …
Read More »A hedge-fund chief overseeing $2 billion shares 5 reasons he sees bitcoin surging 900% by the end of 2021 as Paul Tudor Jones dives into the asset | Currency News | Financial and Business News
Reuters / Dado Ruvic Mark Yusko, the CEO and chief investment officer at Morgan Creek Capital Management, shared several reasons he thinks bitcoin’s price will hit $100,000 by the end of 2021. Yusko said it would be “perfectly logical” for bitcoin to hit $400,000 to $500,000 if its market capitalization …
Read More »Crypto market grows by $13 billion as bitcoin breaks the $10,000 threshold for the first time since February | Currency News | Financial and Business News
Reuters The cryptocurrency market added $13 billion in value over the past day as bitcoin jumped more than 6% Thursday evening. Bitcoin has rallied more than 100% from its March 16 low and has eclipsed $10,000 for the first time since February. The three major reasons for the move include …
Read More »From precious metals to loans on the brink of default: Investors are flocking to these assets after the coronavirus market meltdown
Mike Segar/Reuters Periods of widespread selling and cash-hoarding shifted the sands of the investing landscape to reveal new opportunities. Several of Wall Street’s biggest firms are raising billions of dollars to pile into distressed debt, viewing the Federal Reserve’s relief measures as a backstop for ailing corporations. Significant spending on …
Read More »A crypto investor lost nearly $250,000 after his chosen fund collapsed during the coronavirus sell-off | Currency News | Financial and Business News
Reuters An investor in cryptocurrency hedge funds saw nearly 99% of a $250,000 investment wiped out after his chosen fund collapsed during the market meltdown. “I don’t really know what happened,” Vlad Matveev told the Financial Times. Matveev detailed Cryptolab Capital’s explanation in a Medium blog post: the fund took …
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