Fidelity Survey: 9 Out Of 10 Investors Find Digital Assets Appealing

Fidelity Digital released a survey report recently displaying substantial growth in a number of categories surrounding digital assets. Across Europe and the U.S., year-over-year growth existed in almost every category, which includes current exposure and perception and appeal.

Let’s take a deeper dive into the survey and some of it’s takeaways.

Crypto Catalysts: Fidelity’s Findings

The 40-slide report outlines survey insights from over 1,000 respondents in Europe, Asia, and the U.S. between December 2020 and April 2021. Respondents included financial advisors, high-net-worth investors, hedge funds, family offices, endowments and foundations, and the like. Roughly half of the surveyed investors already had an investment in digital assets, with Asia and Europe showing higher rates of investment than the U.S.

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70% of all surveyed investors had a neutral-to-positive perception of digital assets, and nine out of ten respondents said that they found digital assets to be appealing. Furthermore, roughly eight out of ten surveyed investors felt that digital assets have a place in a portfolio.

What assets are investors targeting? Surprisingly, only 21% of surveyed U.S. investors own bitcoin, compared to 46% of surveyed investors in Europe and 45% of surveyed investors in Asia, respectively. Surveyed U.S. respondents also showed lower indexed crypto holdings of other major tokens as well, including ethereum, litecoin and XRP. Nonetheless, adoption continues to increase basically across the board year-over-year, with U.S. family offices and financial advisors seeing the largest upticks in adoption.

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Bitcoin's strength is typically seen as the anchor for crypto's broader growth and is quickly becoming the pillar of formal investment options as crypto ETFs come to life. | Source: BTC:USD on

Related Reading | Forget Walmart, Here’s The Real Reason Why Bitcoin Crashed

What’s Holding Respondents Back?

The biggest points of crypto skepticism from Fidelity’s survey participants seemed to lie in crypto’s inherent volatility and mysticism. Over half of the surveyed investors cited price volatility as “one of the greatest barriers to investment.” And nearly half of the survey respondents said that a lack of fundamentals to gauge appropriate value was a barrier to entry as well.

Furthermore, while questioning around the topic was limited, tokenization showed weaker enthusiasm relative to Fidelity’s previous survey. Only around a quarter of U.S. and European investors surveyed believed that real estate has great potential for tokenization, which was a twelve percent decrease from the last survey.

Despite these reservations, the survey shows substantial optimism through-and-through. Over double the respondents in the U.S. said that they bought or invested in digital assets through an investment product compared to the prior year. As more formalized investment products come to market, it’s reasonable to expect this number to continue to grow.

The reports comes just a few short weeks after Fidelity Digital’s ambitious future price target for BTC. Just a couple months ago, Fidelity Digital bolstered it’s workforce by 70% due to an increase in demand.

Related Reading | Ukraine Adopts New Law To Legalize Bitcoin And Other Cryptocurrencies

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MoneyLion to Offer Cryptocurrency Services to Its Clients Starting With Bitcoin and Ethereum

The American fintech company – MoneyLion – announced it would enable users to trade digital assets via its all-in-one financial services application. While initially clients would be able to operate only with Bitcoin and Ethereum, the firm intends to add more cryptocurrencies to the offering in the future.

MoneyLion Joins The Crypto Trend

According to a recent press release, the US mobile financial technology company – MoneyLion – launched a new cryptocurrency service to its customers. The firm allowed them to buy and sell Bitcoin (BTC) and Ethereum (ETH) within its all-in-one app. Adding the two leading digital assets is only an initial process as MoneyLion plans to include numerous other cryptocurrencies.

Dee Choubey – co-founder and CEO of the fintech company – praised the digital currency market as an emerging industry. He explained that the new service is mainly pointed towards Bitcoin as customers would be able to round up their debit card purchases in the primary cryptocurrency.

“We view the new cryptocurrency offering as an important part of the MoneyLion platform, which includes banking, lending & investing solutions along with tools to help our customers better manage their finances, all in one app.

Offering this emerging asset class is a natural addition to our existing savings and investment products, and supports our goal of providing customers with access to a variety of asset classes, along with the tools and education they are looking for to feel confident in their financial decisions,” he added.

In addition, the company offers a $1,000,000 Crypto Prize Pool to early adopters of the new service. Every client who signs up for a MoneyLion Crypto account between September 16 and October 5, 2021, will get the chance to win part of the award.

Founded in 2013, MoneyLion is a New York-based mobile banking and financial membership platform that offers lending, monetary advisory, and investment services to more than 8.5 million clients.


It is worth noting that the company plans to go public through the special purpose acquisition company, or SPAC, Fusion Acquisition Corp. on September 22. If successful, MoneyLion would join the giant fintech firm Robinhood, which got listed on the Nasdaq at the beginning of last month.

Robinhood’s New Crypto Options

Speaking of the California-based financial services company, it also offered more cryptocurrency opportunities to its clients a while back. As CryptoPotato reported a few days ago, Robinhood even doubled down by releasing a recurring investment feature to encourage long-term holdings while reducing the impact of market volatility.

The service, termed Crypto Recurring Investments, will enable users to schedule purchases of their favorite cryptocurrencies in bits automatically and at regular intervals: on a daily, weekly, bi-weekly, or monthly basis.

While Robinhood did not disclose which cryptocurrency will incorporate into the service, it is expected that Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) would be among the supported ones.


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Litecoin Creator Charlie Lee on Fake Walmart News: “We Really Screwed Up This Time”

Key Takeaways

  • Charlie Lee appeared on Bloomberg this afternoon to discuss a fake press release that suggested Walmart would use Litecoin.
  • Lee denied that the Litecoin Foundation was involved in the incident and said that neither he nor the project profited from it.
  • However, he did take responsibility for the Litecoin Foundation’s accidental role in spreading the story.

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Litecoin creator Charlie Lee appeared on Bloomberg TV to discuss a fake press release that appeared this morning.

Lee Was Fooled by the News

Earlier today, a fake news release suggesting that Walmart had plans to accept Litecoin as payment was published. It quickly circulated among various news outlets including Reuters.

During an interview this afternoon, Lee said that he was initially taken in by the fake news. “I was like, wow, that’s awesome…and it turned out to be fake,” Lee told Bloomberg reporter Emily Chang.

He explained that GlobeNewswire, which initially published the press release, is working with authorities to investigate the incident and its perpetrator. Reportedly, GlobeNewswire also intends to implement stronger authentication for those who submit future press releases.

Lee said that his project has little role to play in the investigation. “In terms of us as the Litecoin Foundation, there’s not much we can do,” Lee said. He added that fake news is often spread, both in the crypto industry and the world of traditional stock trading.

Litecoin Foundation Saw No Benefits

Lee asserted that the fake news did not come from an individual involved in the Litecoin Foundation. “It’s definitely not anyone on our end…so I’m going to deny it,” he said.

He also argued that the Litecoin Foundation did not benefit from the price surge that resulted from the press release. Lee revealed that he personally holds about 20 LTC ($3500). “This means I have no incentive to do something like this,” he noted.

Lee noted that Litecoin is a decentralized project, meaning that anyone may have had the motive to submit fake news.

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Despite those denials, Lee took responsibility for Litecoin’s social media accounts, one of which accidentally shared the news today.  He said that the Litecoin Foundation now understands how influential its Twitter account is and that it will better verify news in the future.

“I mean, we try very hard not to tweet fake news, and this time we really screwed up…we will try harder,” Lee said.

Disclaimer: At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.

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Bitcoin Core 22.0 Explained

The Van Wirdum Sjorsnado has rebranded, and is now called Bitcoin, Explained!

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In this episode of Bitcoin, Explained, hosts Aaron van Wirdum and Sjors Provoost discuss Bitcoin Core 22.0, the latest major release of the Bitcoin Core software client, currently the de facto reference implementation of the Bitcoin protocol. 

Van Wirdum and Provoost highlight several improvements to the Bitcoin Core software. The first of these is hardware wallet support in the graphical user interface (GUI). 

While hardware wallet support has been rolling out across several previous Bitcoin Core releases, it is now fully available in the GUI. 

The second highlighted upgrade is support for the Invisible Internet Project (I2P), a Tor-like internet privacy layer. 

Van Wirdum and Provoost also briefly touch on the differences between I2P and Tor. The third upgrade discussed in the episode is Taproot support. While Taproot activation logic was already included in Bitcoin Core 0.21.1 Bitcoin Core 22.0 is the first major Bitcoin Core release ready to support Taproot when it activates this November, and includes some basic Taproot functionality. 

The fourth upgrade that Aaron and Sjors discuss is an update to the testmempoolaccept logic, which paves the way to a bigger package relay upgrade. This could in a future release allow transactions to be transmitted over the Bitcoin network in packages including several transactions at the same time. 

Additionally, Aaron and Sjors briefly discuss an extension to create multisig and add multisig address, the new NAT-PMP option, and more.


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A Look At The Game Theory Of Bitcoin

In part one of this series, we examine the game theory of bitcoin, an often mentioned but often misunderstood aspect of bitcoin adoption.

What is game theory? Simply put, if you are playing any game of strategy, like chess, any move you make in the game will have to be countered by your opponent. The strategic decisions that you and your opponent make will ultimately determine who wins and who loses the game.

So how does this relate to Bitcoin? Bitcoin is the greatest invention since the Gutenberg press. The Gutenberg press affected the game theory of how the Church and State worked and how information was shared with the world. When Johannes Gutenberg invented his press, he was essentially moving his chess piece to checkmate the Church. For the most part, up until the invention of the Gutenberg press, the Church and people in positions of power or education could read, write and spread whatever information they wanted. Before the printing press, there were limited copies of important writings such as the Bible. Any knowledge about the world mostly came from whatever your local town had available for a literate figurehead to read in church or school. Most people were not able to read or write, so they had to depend on others to gain their knowledge of the world. People were told what to learn, believe and how to live their lives by the Church. As long as the State and the Church controlled what the people were taught they could control the people’s ideologies.

Bitcoin has the same game theoretics as the Gutenberg press, but it is working toward separating the State from Money. Now let’s envision a chessboard where the “world’s most powerful players” (WMPPs) — that is, banks, governments, special interest groups — are playing on one side of the chess board and Bitcoin is on the other side. This chess game between Bitcoin and the WMPPs has been the longest chess game to have ever been played because it has been going on for 12 years. In the game of chess, there are two possible outcomes, stalemate or checkmate. There is no chance that Bitcoin will face a stalemate in its game against the WMPPs, because a stalemate means that neither player wins or loses. A stalemate results when neither player can make a move that would result in the game progressing any further.

Alternatively, when Bitcoin checkmates the WMPPs king and wins the game of chess, Bitcoin will have become a store of value and medium of exchange for the whole world. The WMPPs cannot checkmate Bitcoin because, at most, if it were possible for the entire world to ban Bitcoin, as far-fetched as that sounds, Bitcoin would just go underground and be used like the Tor network, aka dark web.

This year, the WMPPs have made the following chess moves against Bitcoin along with “Bitcoin’s game theoretic countermoves” (BGTC):

WMPPs Move #1: China banned all bitcoin miners from their country. China represented approximately 65% of the computing power that runs the Bitcoin network.

BGTC: Bitcoin miners moved to the U.S. and other bitcoin miner-friendly countries. The resilience of the Bitcoin network was greatly tested by this huge move by the second most powerful country in the world. The Honey Badger does not care about China or any other powerful country’s decision about it. Bitcoin has the mindset of the “little engine that could” and will soon become a steamroller that all countries will have to get out of the way of or get “steamrolled” by.

WMPPs Move #2: The United States snuck in a cryptocurrency “provision” within its “Infrastructure bill” so as to get $28 billion worth of taxes to fund the $1 trillion “infrastructure bill.” The cryptocurrency “provision” was horribly worded by people in D.C. that did not have any clue as to what bitcoin or cryptocurrencies were.

BGTC: Bitcoiners called all their senators and fought for the cryptocurrency provision to be reworded and less harsh on the Bitcoin industry. This Bitcoin movement sent shockwaves among the halls of Congress and even though the “provision” did not change in favor of cryptocurrencies, the shockwaves that were caused by Bitcoiners will forever be felt. Bitcoin, the protocol, did not care about the bill nor the opinions of man and kept running to the tune “tick tock next block.”

WMPPs Move #3: The Environmental, Social and Governance (ESG) movement puppeteered Elon Musk to come to the “realization” of Bitcoin’s “immense” amount of energy usage and the need to make Bitcoin “greener.”

BGTC: The Bitcoin Mining Council was created by Michael Saylor and after compiling an immense amount of energy usage data from 23 miners (62% of the mining industry) that freely joined the council, it was found that Bitcoin currently generates more than 50% of its usage from renewable energy. Bitcoin crashed to $29,000 after the Musk and China FUD in a span of a few months. Bitcoin’s price is now close to $50,000. The Honey Badger doesn’t care about Musk or the ESG, but the Bitcoin Mining Council is serving as a great way to educate the masses about Bitcoin’s energy usage.

WMPPs Move #4: The International Monetary Fund (IMF) tried to strong-arm El Salvador into not passing a law that would allow bitcoin to become legal tender in the country, by threatening that they would not support El Salvador.

BGTC: The President of El Salvador took things into his own hands and did what he thought was best for his people in passing a bill over a span of one day to allow bitcoin to become legal tender in El Salvador. El Salvador started using bitcoin as legal tender on September 7, 2021, which is like Bitcoin moving its pawn to the end of the chessboard and all avid chess players know what happens to a pawn when it reaches the end of a chess board. Pawns become queens, and the queen is the most powerful piece in the game of chess. This game theoretic move by Bitcoin will start a chain reaction among other countries to adopt bitcoin, help bank the unbanked, and protect the purchasing power of those who adopt it from the rampant printing of fiat by all Nation States.

In conclusion, the Bitcoin network will continue to operate no matter what the WMPPs say, do or think. Some of the greatest, most powerful entities like the IMF, China, United States and ESG movement have tried to attack Bitcoin, but it will continue to move its chess pieces on the world’s chessboard to counter every move because it is a beautifully engineered protocol. You might even argue that Bitcoin is artificial intelligence considering how it has countered the WMPPs every move for 12 years but that will be for a different article.

This is a guest post by Jeremy Garcia. Opinions expressed are entirely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine.


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Cardano Successfully Deploys Alonzo HFC, But Why Is Price Down?

On September 12th, 2021, Cardano successfully completed the final stage of its move to make the network compatible with smart contracts. The long-awaited Alonzo Hard Fork Combinator launch marked the beginning of a new era for Cardano. The developer behind the project, IOHK, took to Twitter to announce the successful upgrade.

The new upgrade has been successful so far, with over 50 smart contracts already deployed on the network, and counting. Alonzo’s Hard Fork Combinator (HFC) marks the end of the road for smart contracts capability. But also marks the beginning of a lot of work yet to be done. The community has so far welcomed the upgrade with open arms. Although one thing remains a problem, the price has not gone up in value. Why is this?

Related Reading | Cardano Network Upgrade And Hard Fork Gets Support From Binance

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Why ADA Price Is Down

Last week, NewsBTC reported on the possibility of the Cardano smart contracts deployment triggering a “sell the news” event. So far, this seems to have been the case, or what this Twitter user aptly describes as “buy the testnet, sell the mainnet.”  This does not mean that most users dumped their bags. In fact, a report from Cardano shows that at least 71% of ADA’s entire coin supply remains locked up in staking contracts, with the current total of staking wallets at approximately 825,755.

Cardano (ADA) price chart from

Cardano (ADA) price chart from

ADA price down following smart contracts launch | Source: ADAUSD on

A major reason that the price has not recorded any significant upward movement has to do with the fact that it will take a while before decentralized applications (DApps) are live on the network, as developers will need time to properly test and deploy their apps on Cardano. This means that it will take a while for traffic to pick up on the network. Triggering an increase in the price of the token as more users buy Cardano in order to carry out transactions on the network.

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ADA price will most likely trend around its current price point for the foreseeable future while developers work to launch their apps on the network. With the number of smart contracts being deployed on the network, there will be a large influx of DApps coming to the network, leading to a rise in decentralized exchanges and finance on the network.

Only The Beginning Of The Road For Cardano

While the upgrade is a big leap for Cardano, it is no doubt that there is still a lot of work left to be done. To truly be able to compete with already established networks like Solana and Ethereum, Cardano will have some bumps in the road. These will include some good and not-so-good DApps on the ecosystem, and great development teams and terrible ones alike.

Cardano has its work cut out for it given that the ecosystem is a permissionless, decentralized blockchain so it will have to deal with the good, the bad, and the ugly that comes with this.

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

Security is also a big issue that the network will have to deal with as decentralized applications debut on the network. Already, Cardano has issued a bug bounty in conjunction with HackerOne to find vulnerabilities in its network, offering up to $10,000 in bounty to hackers who report bugs. With all of the hacks recorded in the decentralized finance space recently, it is important that the network is as secure as can be for users to start trading on the network.

Currently, the price of ADA is trading below $2.5. The asset has recorded a price dip of 6.50% in the past 24 hours, leading to a $0.20 loss.

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SEC Plan for Bitcoin ETFs Is Like ‘Favoring One Child Over Another’: Grayscale CEO

In brief

  • Grayscale’s CEO suggested that the SEC’s likely plans for a Bitcoin ETF are misguided.
  • The unease stems from concern that an ETF tied to the futures market will be costly and expensive.

In August, Securities and Exchange Commission Chair Gary Gensler suggested the agency might finally open the door to a Bitcoin ETF—a move that would make it easy for investors to buy the cryptocurrency in the form of a stock, and increase overall liquidity for Bitcoin. But his comment came with a catch.

In his remarks, which came at a summit in Aspen, Gensler said the SEC was “particularly looking forward to [reviewing] ETFs limited to … CME-traded Bitcoin futures.”

In plain English, this could mean that the SEC is likely to give a green light to ETF applications tied to the futures market—synthetic contracts tied to a future price rather than actual quantities of Bitcoin—rather than applications for ETFs backed directly by Bitcoin.

Gensler’s remarks frustrated and puzzled many in the crypto world, which has been waiting for a Bitcoin ETF for years, even as regulators in other countries, including Canada and in Europe, have long since approved one.

“That’s like favoring one child over another,” said Michael Sonnenshein, CEO of crypto giant Grayscale, which first applied for a Bitcoin ETF in 2016 and controls billions of dollars of Bitcoin through the Grayscale Bitcoin Trust.

In an interview with Decrypt, Sonnenshein noted that the SEC over the years has approved thousands of ETFs not tied to the futures market and observed that the agency’s initial objections to a Bitcoin ETF—founded on the possibility of insiders manipulating the price of Bitcoin—would not be eliminated in the case of an ETF tied to a futures market.

“To have a stance saying ‘I’m comfortable with an ETF based on Bitcoin derivatives’ means you’re saying you’re comfortable with the underlying market,” he said.

Gensler’s apparent preference for a Bitcoin ETF tied to the futures market is likely tied to the fact that such a product would fall under a 1940 law that provides a broader range of investor protection than a similar 1933 law that governs ETFs tied to the stock market.

According to Grayscale, however, there is nothing in the 1933 law that would prevent the SEC from approving an application for a Bitcoin spot ETF that pledged to match those additional protections. Those protections include a requirement that a company has an independent board—something a Grayscale spokesperson said that it, and any other firm that wants to list shares on the NASDAQ or NYSE, has already.

Sonnenshein also noted that a Bitcoin ETF tied to the futures market would be more costly to create than a spot market one, which would in turn cost more for consumers. Meanwhile, there’s a question of how many retail investors would venture into the derivatives market to buy a Bitcoin futures ETF—a market that is more complicated, and for many intimidating, than the regular ETF market.

It is also possible that Gensler is concerned about limiting the potential for a Bitcoin spot ETF to disrupt the broader market. In a report on his comments, Bloomberg noted that those seeking to trade a futures market ETF would have to put down “substantial margin to trade”—a step that would further limit the number of people seeking to enter the crypto ETF market.

In this light, the SEC policy on crypto ETFs is consistent with another recent move by the agency to slam the door on user-friendly crypto markets. Last week, Coinbase revealed the agency said it would sue if the company launched a planned high-yield interest product for stablecoins—a product that would likely be more accessible than those offered by companies like BlockFi or Compound, which are favored by crypto veterans.

Be that as it may, the playing field appears tilted for now towards Bitcoin ETFs tied to the futures market. Since Gensler’s comments, the SEC has been flooded with applications for such a product, though it’s unclear when, or even if, the agency will approve one.


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Crypto Analyst Predicts Fresh All-Time Highs for Solana and Two Altcoins, Says Bottom Is In for 2 Other Crypto Assets

A widely followed crypto strategist and trader says Solana and two other altcoins are poised to print new all-time highs while predicting the bottom for two other crypto assets.

Pseudonymous trader Smart Contracter predicts that smart contract platform Solana is gearing up for another explosive price surge en route to a new all-time high.



“SOL all-time high (ATH) baby let’s go. $300 coming up.”

Source: Smart Contracter/Twitter

Smart Contracter’s prediction is based on his analysis that Solana will follow the footsteps of Binance Coin when it rallied from about $50 at the start of the year to an all-time high of $691.

“If SOL follows the run BNB had, it can go to $900.”

Source: Smart Contracter/Twitter

Another coin on the trader’s radar is Ethereum competitor Avalanche (AVAX), which he says is poised for a big move after ending its corrective phase.

“This should be the run to ATH, as enough longs are shaken out and all focus is back on SOL. I suspect $100 or 130% from here should be fairly easy.”

Source: Smart Contracter/Twitter

Next up is Synthetix Network Token (SNX), a cryptocurrency that powers the trading of synthetic assets. According to Smart Contracter, SNX is nearly done with its accumulation phase and is ready to launch its uptrend.

“I also think SNX bottomed and going to ATH from here clean ABC down on daily from March highs. Clear 1-2 basing/accumulation structure might need more time to accumulate but decentralized finance (DeFi) should catch a bid in the next few weeks.”

Source: Smart Contracter/Twitter

The crypto analyst relies on the Elliott Wave theory, a technical analysis approach that predicts future price action by following crowd psychology that manifests in waves. According to the theory, a bull cycle goes through five distinct waves. Based on Smart Contracter’s five-wave count, SNX can soar to as high as $35, representing an upside potential of over 230% from its current price of $10.50.



As for the crypto strategist’s bottom picks, Smart Contracter is keeping an eye on Curve (CRV), the governance token of stablecoin decentralized exchange Curve Finance. According to the crypto analyst, CRV is showing signs that is ready double its value against the US dollar, Bitcoin and Ethereum.

“A lot of hate for DeFi right now because it has underperformed, but major weekly SFP (swing failure pattern)/reversals forming on the BTC and ETH pairs for CRV.”

Source: Smart Contracter/Twitter

The last coin on the trader’s list is blockchain scaling solution Polygon (MATIC), which he says is primed to reverse its bearish trend and climb as high as $2.50.

“Need lower timeframes to confirm but probably, more than likely, that was the bottom.”

Source: Smart Contracter/Twitter

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$13 Billion Hedge Fund Leaps Into Digital Asset Space With Launch of New Cryptocurrency Division

European hedge fund Brevan Howard Asset Management has plans to expand into the nascent crypto space.

According to a report from Bloomberg, the firm plans on launching a new branch called BH Digital to invest in cryptocurrencies and other digital assets.



The firm first began investing in crypto back in April, and the creation of the new department reflects an intention to “significantly expand” its exposure to the digital asset space.

CMT Digital co-founder Colleen Sullivan has been named as the head of the new department.

Fund CEO Aron Landy says,

“Brevan Howard’s belief in the huge diversity of opportunities within the digital asset space and the significance of this to long-term macro investors is the reason we are delighted to welcome Colleen to the firm.”

Not all hedge funds are convinced of crypto’s potential, however. Last week, industry veteran John Paulson – who made billions during the mortgage crisis in 2008 – expressed his skepticism toward digital assets.

“No, I’m not a believer in cryptocurrencies in that I would say that cryptocurrencies are a bubble, and I would describe cryptocurrencies as a limited supply of nothing. So, to the extent there’s more demand than the limited supply, the price will go up. But to the extent that demand falls, then the price will go down. There’s no intrinsic value to any of the cryptocurrencies, except that there’s a limited amount.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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It Is Easy To Have An Impact On Bitcoin

Bitcoin has a place for many skill sets and backgrounds, as we’ll see in this episode of “Meet The Taco Plebs.”

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Oftentimes, those who have the greatest impact go unseen. Here at Bitcoin Magazine, we have an excellent copy editing network, which includes the highly talented Keith Mukai. Mukai contributes to Bitcoin in so many ways, and we are very lucky to have him here at the magazine. In this episode, we discussed his background that brought him into Bitcoin, including the skill sets which have allowed him to contribute to the space. We also talked about how Bitcoin has changed his life, his favorite piece he’s edited here at the magazine and what he’s personally looking forward to in the industry. After listening to the podcast, be sure to check out the written interview below!

What’s your Bitcoin rabbit hole story?

Unfortunately, I didn’t have that nerd friend who could have told me about Bitcoin way back in the early days. It just took the usual 3+ touches over the course of a few years for me to finally take a closer look and make the plunge in June 2017.

But I did learn a valuable lesson. Before 2017, every time I encountered Bitcoin I’d think, “Man, that sounds cool! I need to check it out!” But I also had no clue what I would do with it if I had some. Seemed hard to justify the time and effort for something that, at the time, was just a nerdy curiosity. And then I’d just forget about it. Good lord, what regrets I have!

So now when I encounter a new tech or even just a new skill, I dive in. I don’t think about how it’ll be useful or whether it’ll advance my career or have some future ROI. If it interests me, I’m in. Period. Every bit of expertise and knowledge and skill that I can acquire will someday pay off in some way that I couldn’t possibly anticipate today. Circuits, woodworking, astrophotography, endless side rabbit holes in Bitcoin itself … I’m here for all of it. All these unique combinations of expertise give me a unique perspective. That’s my ROI. I’ll see solutions that others can’t.

How has Bitcoin changed your life?

I feel like I’m finally making a difference in the world!

In late 2019 I was following a very new, raw project called Specter Desktop. I loved what Stepan Snigirev was doing with it, but his focus was on supporting airgapped hardware wallets that never get plugged into a computer. I wanted to use Specter but I only had USB wallets. I asked him if he’d be open to me adding support for USB wallets. He gave his blessing so I got to work. Fast-forward to today: Bitcoin Beach has helped propel Bitcoin to the world stage. And their custom community wallet uses Specter to manage their cold storage. If they’re using USB hardware wallets, they’re using my code!

And then, after Jack Mallers’ incredible announcement about El Salvador at the Bitcoin 2021 conference, I was so inspired that I really wanted to add Spanish language support to Specter. And the way code works, if you add support for one language, you can basically add every other language. So I recruited volunteer translators and we ended up fully translating Specter into 11 languages, with lots more to come!

And most recently, my previous tinkering with a Raspberry Pi has paid off now that I’ve discovered SeedSigner, which is this amazing open source, super cheap hardware wallet. I’m having such a great time adding cool new features to this project, all with the hopes of it eventually finding its way into places like El Salvador where people can’t afford a $100-300 hardware wallet. Because of SeedSigner’s unique stateless approach, a whole family — or even a whole town — could share a single $50 SeedSigner reasonably safely.

So my code has the potential to help spread Bitcoin self-sovereignty to more and more people around the world. Incredible.

As one of the copy editors here at the magazine, you’ve worked on many of our articles – what have been your favorite pieces to edit and why? (could be specific pieces, could be certain types of pieces, what have you)

Definitely Arman the Parman’s “DIY Bitcoin Private Key Project”! It’s a fun step-by-step guide to generate your own private key totally offline without using a computer at all. He lays out the steps so clearly and it really helps you understand how the process comes together. What would otherwise be mysterious Bitcoin magic just becomes something simple and mechanical that’s not even that hard to understand.

Just an incredible piece of high-quality, accessible education.

What are you most looking forward to in the Bitcoin space?

I’m reorganizing my professional life to fully commit to working in the Bitcoin ecosystem. There’s a ton of work to be done as Bitcoin sees greater and greater adoption around the world. I’m not savvy enough to be able to predict where we’re going or what the world will look like, but I’m just dying to build like crazy to provide the tools and services that become necessary along the way.

Price prediction for the end of 2021, and the end of 2030?

Oof. It’s early September and we just stumbled off $50k through El Salvador’s Bitcoin launch. In three and a half months? $85k.

The end of 2030 includes two more halvings. A Lot more global adoption. Uncountably more fiat money printing. I’d say, $675k after falling off a 2029 mania peak just shy of $900k.


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