Here Is How Bitcoin (BTC) Has Bagged 13 of The Biggest Wall Street Institutional Investors - Global Coin Report
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Here Is How Bitcoin (BTC) Has Bagged 13 of The Biggest Wall Street Institutional Investors




The crypto-markets are not looking pretty with the King of Crypto – Bitcoin (BTC) – having tested levels below $7,000 on several occasions this weekend. Bitcoin (BTC) is currently valued at $6,999 which is $1k less than it was a little over a week ago. This is a drop in value of 12.5% in the same time period. The total market capitalization has also dropped to current levels of $253 Billion from the levels of $300 Billion in less than a week. This is a drop of 15.66%.

But the episodes of constant decline in the crypto-markets could be a thing of the past with the Wall Street news announcement on August 3rd. This announcement stated that the owner of the New York Stock Exchange (Intercontinental Exchange, or simply ICE), has partnered with Microsoft, BCG and Starbucks and others, to launch a market and ecosystem to list physically settled Bitcoin futures contracts and a new company to push Bitcoin and other digital assets towards becoming mainstream financial assets.

This new company will be known as Bakkt and the list of firms that are part of this new firm are as follows:

  1. Intercontinental Exchange (ICE) – who are owners of the New York Stock Exchange
  2. Microsoft – whose cloud solutions will be leveraged to create an open and regulated, global ecosystem for digital assets
  3. BCG Global Management Consulting
  4. Starbucks – who will utilize its presence to further the adoption of Bitcoin
  5. M12 – Venture Capital arm of Microsoft
  6. Fortress Investment Group – an investment management firm
  7. Eagle Seven – management consulting firm
  8. Galaxy Digital –  a full service, digital assets merchant bank, with distinct trading, asset management, and principal investment
  9. Horizons Ventures – Venture capital firm
  10. Alan Howard –  Billion dollar hedge fund
  11. Pantera Capital – an investment firm focused exclusively on ventures, tokens, and projects related to blockchain tech, digital currency, and crypto assets.
  12. Protocol Ventures – a leading fund of funds investing in the top ten crypto funds in the asset class
  13. Susquehanna International Group, LLP – a global quantitative trading firm built on a rigorous, analytical foundation in financial markets

Summing it all up, this is a brief list of the institutional investors that we’ve all been waiting for to get into Bitcoin and cryptocurrency investing. These firms have been rumored to have been working on the Bakkt company for over a year. This means they have been silently planning how they will get into the crypto-markets with both feet and officially signaling the beginning of a potential bull run.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

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One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Many facets of our lives are now digitized––money is no exception. 

Have you noticed that paper money is on its way to being obsolete because so many people receive direct deposit and love the simplicity of their debit card? 

Not to mention, cash carries germs, as we’ve heard lots about during the pandemic. Many businesses have turned to card only options in light of this. 

But what about cryptocurrency?

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What’s Cryptocurrency? 

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BTC Surged Again as A Safe Haven Asset During Global Tensions

  • India – China Border Conflict

After weeks of squabbling and brawling along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly clash Monday in a river valley that’s part of the region of Ladakh last week. Troops had massed on both sides of the border in recent months in the northern India region of Ladakh and the southwestern Chinese region of Aksai Chin, causing global concerns of a potential escalation between the two.

  • North and South Korea Clash

Last Tuesday, North Korea destroyed the liaison office it jointly operates with South Korea in the city of Kaesong, just north of the demilitarized zone that separates the two countries. 

North Korea also said it would send troops to now-shuttered joint cooperation sites on its territory, reinstall guard posts and resume military drills at front-line areas in a violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps to any North Korean provocation.

The tensions grown in Asia and the potential “second wave” of coronavirus in the United States may add more difficulties to the global economic recovery. Thus, Bitcoin, as a safe haven asset, attracts more investors to buy and hold. 

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