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FX.co ★ MicroStrategy and SkyBridge believe in the bright future of bitcoin

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Analysis News:::2020-12-23T11:42:37

MicroStrategy and SkyBridge believe in the bright future of bitcoin

MicroStrategy and SkyBridge believe in the bright future of bitcoin

The price of the most popular cryptocurrency, bitcoin, is currently rising by an average of 3%. According to the portal CoinMarketCap, bitcoin rose by 2.88% in the morning, to $23,522. On the Binance exchange, its value climbed 3.44% to $23,459. At the time of writing this article, the BTC/USD pair is trading at $23,297.

MicroStrategy and SkyBridge believe in the bright future of bitcoin

Recall that last week was extremely successful for bitcoin: its value has consistently broken as many as three historical highs. At first, BTC quotes exceeded the psychological mark of $21,000, then exceeded the figure of $22,000, and later $23,000. On the night of December 20-21, the price of bitcoin broke a new record: quotes rose above $24,000, reaching a new historical high of $24,298. Then on December 22, a correction followed - bitcoin fell to $22,800.

Today, the emotional and semantic background of the cryptocurrency market is calmer and restrained than a couple of days ago. Most likely, the current day will not show us any sharp jumps. It is expected that the dynamics of the bitcoin exchange rate will be characterized by a slight increase and by the end of the working day, the coin will be trading at $23,600.

Despite the fact that some experts predict a collapse in bitcoin quotes and advise coin holders to have time to sell their assets, many large companies continue to invest huge amounts of money in the digital currency. Today, it became known that the investment company SkyBridge Capital has invested in bitcoin no less than $25 million through its new Fund. The structure of this Fund provides investors with access to cryptocurrency at a net cost without overpayments. The minimum deposit amount is $50,000. For third-party investors, the Fund will open in 2021.

MicroStrategy also did not stint and has already invested $650 million attracted from investors in 29,646 BTC. In total, the company owns 70,470 bitcoins, which were spent on the acquisition of $1.125 billion at an average price of $15,964 per bitcoin. MicroStrategy CEO Michael Saylor is confident that this cryptocurrency will continue to grow steadily, so accumulating money in it is the right decision.

A little earlier, the hedge Fund One River Asset Management, together with billionaire Alan Howard, bought bitcoins worth more than $600 million. The One River Digital Asset Management Fund was launched in October this year specifically for investing in cryptocurrencies. He plans to increase the volume of digital assets in Bitcoin and Ethereum to $1 billion by the beginning of 2021

Analyst InstaForex
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