This American institutional fund just set a $535,000 price target for BitcoinBTC $34,015 (+8.4%) • ETH $1075 (+5.6%) • LTC $159 (+4.5%)
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The fund purchased $175 million worth of Bitcoin earlier this year and is on the “go loud, go long” bandwagon ever since. Enter institutional Bitcoin shilling SkyBridge Capital, a New York hedge fund founded in 2005, is a recent Bitcoin convert. The firm purchased over $175 million worth of the asset last month — a position it’s already up by millions of dollars on — and yesterday released its first-ever long-term price prediction for BTC. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬Seven things the DeFi suite can do for you in 2021DeFi was the hottest topic of the year in the 2020 crypto realm. Twitter CEO Jack Dorsey extends Bitcoin emoji until the year 3000Jack Dorsey, the CEO of Twitter, officially confirmed on Twitter that the platform has extended the Bitcoin emoji until the year 3000, which is 979 years from now. Here are some of the big projects coming to Polkadot (DOT) in 2021After signing off on an action-packed year, Polkadot is gearing up for an even more eventful 2021. There could be a one million Cardano (ADA) wallets created in 2021The number of new ADA wallets has skyrocketed in the past month, with an average of 64 wallets created every hour between December 16 and January 4. Mike Novogratz thinks the Bitcoin price could correct after gaining 100% in weeksBitcoin has undergone an extremely strong rally over the past few weeks, shocking most investors. Layer-2 scaling project Loopring (LRC) shoots over 50% higher amid Ethereum network congestionAs the entire crypto market has slingshotted higher over the past day, the Ethereum network has become congested. Paxful’s Ray Youssef on the Bitcoin hustle and why Africa leads crypto adoption
Ray Youssef is a man on a mission. And he isn’t chasing token scams, pump and dumps, or the next hot DeFi project. Instead, he’s at the helm of one of the world’s biggest and oldest crypto exchange platforms, Paxful. The firm has been around since 2015 and allows users to buy and sell Bitcoin instantly in over 300 ways via its leading peer to peer marketplace. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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