Author: Luuk Soons
A major trend of the last months of 2020 is that it is becoming more and more famous and famous
Investors have started allocating to Bitcoin.
A pioneer in this area is Dan Morehead. He is the director of the investment company
Pantera Capital. In 2014 Dan Morehead decided with the management to fully focus the activities
for asset management for Bitcoin and other digital assets.
After Dan Morehead, wealth managers and investment firms started using Bitcoin
as a new asset class. In the years since then, the
necessary infrastructure and tools to make Bitcoin investable for institutional companies
For example, Coinbase has created a separate division, Coinbase Prime, to serve these investors. Fidelity, one of the largest wealth management companies in the world, down $ 7 trillion
Management, set up a separate department for the development of crypto services. Loyalty continues to function
to launch your own Bitcoin investment fund: Wise Origin Bitcoin Fund I. This
The mutual fund will compete with Grayscale’s. The Bitcoin mutual fund of
Grayscale already withdrew around 500,000 BTC from the market in 2020. It is most of it
popular fund for high net worth individuals and institutional investors.
The key factor in market sentiment is when big names and companies step in. It
really started to boom when legendary investor Paul Tudor Jones announced it was him
had changed his mind about Bitcoin. Paul Tudor Jones now compares the role of Bitcoin with that of gold
in the 1970s as the second highest inflation insurance. Then others came
famous investors including Bill Miller, George Ball and especially Stan Druckermiller.
Stan Druckermiller is one of the richest investors in the world and has most of the world
had a successful mutual fund. His fund had an average return of 30 for 30 years
% per year without ever causing a loss. Stan Druckermiller stated that Bitcoin will have more returns
will give way like gold as an inflation insurance and that especially the younger generations of Bitcoin above
will prefer gold.
Subsequently, asset manager Guggenheim Partners recently announced that it had acquired 500
Millions of dollars to invest in Bitcoin. BernsteinAlliance recently published a report
where there was advice to its investors to allot 1 to 10% in Bitcoin. In addition, the
Larry Fink, CEO of BlackRock, admits that Bitcoin is even becoming a global asset
The dollar’s position abroad could weaken.
Institutional investors have Bitcoin as a new asset class in 2020 and
includes inflation insurance. It will not take long
There is a bitcoin shortage on the exchanges.