Over the weekend: Following Joe Biden’s $3 trillion stimulus proposal, Bitcoin and other cryptos are positioned to boom, according to analysts. This coincides with the Genesis block’s 12th birthday.
A reddit user reportedly found the lost private keys to 127 Bitcoin in his grandfather’s basement, totaling in around $4.2 million at the time of liquidation. He earned the Bitcoin in 2011/2012 through an online game called DarkOrbit.
Howard Marks, the famous investor, stated in his latest memo that he is grateful his son bought Bitcoin during its 2017 bull run. Originally skeptical of the asset, he wrote, "While the story is far from fully written, the least I can say is that my skeptical view has not borne out to date."
Goldman Sachs’s global head of commodities research Jeff Currie stated that he believed the Bitcoin market “is beginning to become more mature.” He also commented that increased institutional inflow will help stabilize the asset—and we agree.
Grayscale resumed taking on new investments in most of their crypto trusts. In December 2020, they ceased to accept new investments in six of them.
The European Central Bank’s President Christine Lagarde spoke about Bitcoin’s most recent bull run, arguing for further regulation in the crypto space. She believes international regulation is imperative to ensure industry safety.
The Bitwise/ETF Trends 2021 Benchmark Survey revealed that 43% of the surveyed firms’ clients have asked about crypto in the last 12 months, and 36% of the surveyed firms stated that some of their clients already owned crypto. Advisors allocating crypto into client portfolios also rose by 49% since last year.
The Winklevoss twins announced that Gemini is considering a public listing. This comes after both Coinbase’s and Bakkt’s public listing announcements, which followed the listing of our parent company, Diginex [Nasdaq: $EQOS], in October of 2020.
Neil Liversidge, a British financial advisor, petitioned the UK Government to prohibit crypto transactions in the country. He claims crypto does not have intrinsic value and is used for criminal activity, among other arguments.
Exchanges are low on Ether reserves as demand for the asset increases. On-exchange reserves fell by 27% in 48 hours.
For more information on these stories, visit: Biden: https://cointelegraph.com/news/as-biden-preps-3t-stimulus-bitcoin-could-be-set-to-erupt Reddit user: https://news.bitcoin.com/reddit-user-finds-127-old-bitcoins-at-grandpas-house-pockets-over-4-million-after-selling-the-btc/ Howard Marks: https://www.oaktreecapital.com/insights/howard-marks-memos Jeff Currie: https://www.cnbc.com/2021/01/12/goldman-sachs-jeff-currie-on-whats-next-for-bitcoin.html Grayscale: https://cointelegraph.com/news/grayscale-reopens-crypto-trusts-for-investment-as-bitcoin-price-climbs Christine Lagarde: https://www.reuters.com/article/crypto-currency-ecb/reuters-next-ecbs-lagarde-calls-for-regulating-bitcoins-funny-business-idUSL1N2JO0RM Bitwise: https://static.bitwiseinvestments.com/Research/Bitwise-2021-Benchmark-Survey-Financial-Advisor-Attitudes-Toward-Cryptoassets.pdf Gemini: https://www.bloomberg.com/news/articles/2021-01-14/winklevoss-twins-consider-taking-gemini-crypto-exchange-public Neil Liversidge: https://petition.parliament.uk/petitions/565789 ETH: https://cointelegraph.com/news/exchanges-running-out-of-eth-with-reserves-plunging-27-in-48-hours
It looks like crypto isn’t correlated to traditional markets, at least not during this past session.
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