Old Money, New Money 💸

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Old Money, New Money

What a year it’s been for Bitcoin. With big name adoption coming from all corners of the world, it’s no surprise the cryptocurrency just reached highs not previously seen since the crypto bubble back in 2017.

From names like billionaire investors Paul Tudor Jones and Stan Druckenmiller to business mogul Jack Dorsey and his company Square to internationally recognized digital payment processor PayPal. The list of big players on the Bitcoin roster keeps getting bigger and bigger.

An interesting new name has appeared recently and is reserving the right for its $5.3 billion Macro Opportunities Fund to invest in the Grayscale Bitcoin Trust whose shares track the digital assets price less fees and expenses.

Guggenheim Partners, one of the world’s largest fixed income asset managers has made its move and is looking to pick up some crypto assets for its clients as an inflation hedge.

Interestingly, there’s starting to be a major shift relating to highly reputable and established institutions putting their hand in the crypto cookie jar. More shockingly, it’s even being said that buying Bitcoin may be an even better value proposition than buying back stock…

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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