Grayscale, an investment firm, purports that Bitcoin is a sensible hedge against the growing market fluctuation catalyzed by the US-China trade conflict.
Coinbase Custody will serve as the custodian for Grayscale’s single-asset investment products including digital currencies and publicly listed funds such as Grayscale Bitcoin Trust, Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust.
Just recently, Grayscale investments reported a record all-time high volume of assets under management. Grayscale’s assets under management now is worth approximately $2.7 billion.
Here’s how the analysts are predicting higher targets for Bitcoin price based on the strengthening technical charts, growing fundamentals, and higher institutional participation.
Two years after the last bullish market, comes yet another era of Bitcoin Halving. A period during which the cryptocurrency price is anticipated to hit an all-time high.
The ripple effect of the ’drop gold buy Bitcoin’ campaign. Would a collaboration of both monetary systems be worthwhile? Or would one eventually out-weigh the other? A distinctive account from the standpoint of a seasoned financial investor.
Bitcoin has gone through a mild decline throughout the past 24 hours, losing about $200 of its value. However, the Grayscale Bitcoin Trust (GBTC) still trades at $11.44 per share, putting the price of Bitcoin upwards of $11,600.
Under the approval from FINRA, Grayscale’s Ethereum Trust (ETHE) will be available for retail investors which is a positive sign for the entire industry.
In this article, professional stock trader and investor, Baran Giresunluoglu goes over Bitcoin-friendly companies trading on the public U.S. Stock Exchange.