Major Israeli Investment House Invested $100 Million in the Grayscale Bitcoin Trust Fund in December 2020

Major Israeli Investment House Invested $100 Million in the Grayscale Bitcoin Trust Fund in December 2020One of the biggest asset managers in Israel allocated millions of dollars into the shares of Grayscale’s Bitcoin Trust (GBTC). Altshuler Shaham is now gaining exposure to bitcoin by investing $100 million in shares, according to a local media outlet. Altshuler Shaham Currently Holds $150M Worth in BTC Per Globes Israel, the multi-million-dollar investment yielded […]

Guggenheim Investment Fund to Invest $497 Million in Grayscale’s GBTC Seeking Bitcoin Exposure

Guggenheim’s billion-dollar Marco Opportunities Fund (MOF) may seek indirect exposure to BTC through the investment of 10% of its net asset value into Grayscale’s BTC Trust (GBTC). The investment (when complete) means MOF will have committed as much as $497 million into the GBTC. In a November 27 amended prospectus filing with the U.S. SEC, […]

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Bitcoin To Hit $100,000 in Five Years as Demand and Adoption Increase – Report

Bitcoin To Hit $100,000 in Five Years as Demand and Adoption Increase - ReportBloomberg analyst Mike McGlone has predicted that the price of bitcoin will hit $100,000 by 2025. McGlone premised his argument on past bitcoin trends, including the period in which the price took four years to go from $1,000 to $10,000 in 2017. “So, doubling that time frame for maturation could get the price toward $100,000 […]

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