If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.Thanks! For it - or ag'in it, it'll be a wild ride.
Posted on 03/25/2021 12:14:24 PM PDT by aMorePerfectUnion
State-owned investment funds are reportedly making inquiries into buying Bitcoin (BTC).
According to Robert Gutmann, CEO of New York Digital Investment Group, the firm has been having conversations with sovereign wealth funds about possible Bitcoin investments.
Gutmann made this known while appearing at a virtual podcast with investment strategist and founder of Real Vision Raoul Pal.
Pal also confirmed Gutmann’s revelation, stating that Singapore’s sovereign wealth fund Temasek was indeed a Bitcoin investor.
According to Pal, Temasek which holds about $306 billion in assets under management, has been buying virgin Bitcoin from miners.
Tweeting on Thursday, Pal characterized the imminent entry of sovereign wealth funds into the Bitcoin space as a “wall of money.”
According to Gutmann, investors are re-evaluating their portfolios, adding:
“If you look at the world today on a forward basis, it is reasonable to be asking yourself as an investment committee or as an allocation committee [if] having all of [their] assets denominated in dollars against dollar-denominated liabilities is the right allocation mix.”
(Excerpt) Read more at cointelegraph.com ...
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.Thanks! For it - or ag'in it, it'll be a wild ride.
"Earlier this month Aker ASA, a 180-year-old Norwegian industrial holding company with ownership in oil and gas services companies, created a unit dedicated to investing in bitcoin and has about about $58.6 million in it now. "
from https://blockworks.co/sovereign-wealth-funds-are-looking-to-buy-bitcoin/
I suspect it is both!
That seems like a smart strategy. /sarcasm
You didn’t ping the list. Intentional?
Note that Dalio offered no evidence (at least in the two articles I read), whereas this article gives actual evidence and examples.
Oops!
PING!!
It’s government pump and dump. People go to prison for that unless they are with the government.
Virgin bitcoins are the best.
there was an article the other day that claimed mining bitcoins used up something like 2 major countries’ worth of electricity, per day.
So if governments are looking to buy, they need to factor that burden negatively into their ‘climate change’ accountability
Through a strange set of events someone I know had one of their phones taken by guys with badges. It’s been about 6 years and hopefully the issue will be resolved soon. The phone has info on it for several hundred BTC.
Perhaps not smart, but does meet the
standards of government; few of which
are understood by any of us deplorables, untouchable
peon clientele.
a good exec summary:
“The nature of the Bitcoin protocol and mining dynamics force miners to seek progressively cheaper energy sources, and that means utilizing renewable, wasted and stranded energy. Bitcoin is not taking gas from your car or electricity from your house, it is making power production more efficient, utilizing otherwise “stranded” energy sources and helping to fund the development of renewable energy technologies.”
not that any of us are worried about emissions...BUT...the development of cheap power is good, and more renewables are in play because BTC mining makes them immediately profitable. Once up and running, other uses can move closer to them....Eventually, as transmission (and storage) become more efficient...we will be able to use power generated from these renewable sources and look back and say that it all started with bitcoin mining....
https://bitcoinmagazine.com/business/bitcoin-will-save-our-earth
you might consider posting that to the entire list. it’s really good. also not very technical, and only introduces jargon sparingly.
personally, I’m especially interested in the energy/power development angle, and this is one of the better/simpler explanations....
Will do, CD!k
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