Much of Ray Dalio’s investment philosophy may already sound familiar to the hardest of hard-nosed bitcoiners.
The discount is the difference between the price of the underlying bitcoin asset and the value implied by the price of the trust’s shares.
The latest news extended bitcoin's streak of wild price gyrations this week.
BTC held support around $30K and upside appears limited towards $45K with high volatility into the weekend.
Bitcoin outflows from over-the-counter desks spiked, signaling dip-demand from institutional investors.
BTC had climbed from $35,709 to as high as $42,441. Then the slide started.
The founder of Purpose Investments, one of the first companies to offer bitcoin and ether ETFs in North America, chats ahead of Consensus 21.
Bitcoin had risen to nearly $43,000 earlier Thursday.
BIT Mining's new Texas facility will open up a new frontier for the firm at a time of rapid investment in North American mining.
That didn't take long: Bitcoin is already back to where it was at the start of Wednesday, just before the biggest sell-off in 14 months.
Bitcoin sellers remain active as the broader uptrend weakens similar to 2017 and 2018.
Liquidations, China and even Elon Musk may be factors in markets falling.
With 94% of Bitcoin's hashrate now signaling for the upgrade, it should lock in during the next difficulty period.
Some see major crypto sell-offs, like the one happening now, as buying opportunities. Here's what they're really saying.
Stocks drop on lingering inflation scare. Bitcoin fails to draw hedging bids.