Silbert believes in investors’ committement to the digital currency market, as an increasing number of investors are attempting to enter the game despite ongoing bear cycle.
Grayscale, the company that launched Bitcoin Investment Trust, launches new ‘Digital Large Cap Fund’. The Fund is tied to 5 top cryptocurrencies. Each digital asset will be evaluated, less the fund’s expenses and other liabilities.
Members of the bitcoin community, including investors and executives, are having a huge impact on the future of the industry, promoting awareness and mainstream adoption.
Together the teams will start a new New York-based subsidiary with focus on reliable industry news coverage.
On Friday, the most discussed cryptocurrency started soaring again and set a new 2015 high for its value.Bitcoin price broke past the $320 level.
Digital Currency Group, the company which builds and incubates Bitcoin and Blockchain technology-related firms, raised capital from MasterCard, Bain Capital Ventures, CME Ventures, Canadian Imperial Bank of Commerce, New York Life, and others.
During the past two weeks, Bitcoin price has been doing not bad at all. Thanks to various reasons, the value of the most discussed cryptocurrency has managed to keep its head above the $260 mark.
Daniel Masters, former husband of JP Morgan CEO Blythe Masters, has entered the bitcoin sector by launching the Global Advisors Bitcoin Investment Fund that will allow investors to use the digital currency.
The Bitcoin Investment Trust, which began trading on May 4, is believed to boost the acceptance of digital currency by investors.
Barry Silbert speaks on the future of financial service companies like Western Union and MoneyGram.