'Institutions and the portfolio managers [...] are now starting to take a look at Bitcoin as a serious venue,' claims Fred Pye, CEO of 3iQ CEO, Canada's first Bitcoin fund issuer.
As the hype around Bitcoin has faded, institutional investors and portfolio managers have begun looking at the major cryptocurrency as a"serious venue" to invest in, claims Fred Pye, CEO of 3iQ, Canada's first Bitcoin fund issuer.
According to Pye, fund managers and institutional investors running diversified portfolio assets are looking for alternative investment strategies amid a global inflationary environment and macroeconomic challenges.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Bitcoin Corp Secures Hosting Agreements for 150,000 Bitcoin Miners – Mining Bitcoin NewsU.S. Bitcoin Corp (USBTC) unveiled its ambitious plan to unleash a formidable army of 150,000 bitcoin mining machines.
Read more »
Bitcoin Mining Gets Tougher as Network Difficulty Reaches New Peak – Bitcoin NewsBitcoin's network difficulty is now at an impressive 49.55 trillion, making it the most difficult it has ever been to discover a block reward.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Remains Below $27,000, Ahead of Powell Speech – Market Updates Bitcoin NewsBitcoin once again fell below the $27,000 level on Friday, ahead of a panel discussion which includes Fed Chair Jerome Powell.
Read more »
Microbt Unveils New Whatsminer Bitcoin Mining Rig With 320 TH/s, Setting New Standard for Hashpower – Mining Bitcoin NewsAt the Bitcoin 2023 conference, Microbt introduced three distinct ASIC bitcoin mining devices. One Whatsminer rig produces up to 320 TH/s, according to the specs.
Read more »
Marathon and Brink Join Forces to Raise $1 Million for Bitcoin Core Developers – Bitcoin NewsBitcoin miner Marathon pledged to match all contributions toward this cause, totaling a maximum of $500,000 through 2023.
Read more »
Bitcoin Voucher Provider Azteco Secures $6 Million Funding Round Led by Jack Dorsey – Bitcoin NewsAzteco, a firm offering minute bitcoin (BTC) portions through a voucher system, announced raising $6 million in seed funding.
Read more »