Bitcoin is a digital asset often described as a “commodity” because it shares many characteristics with traditional commodities like gold and oil or corn. Like other commodities, supply and demand market forces determine the value of Bitcoin as it trades continuously, 24/7, on various exchanges. Additionally, just like other commodities,
Category: Orange Paper
Inevitable Adoption of Bitcoin
Fidelity states that almost all of their biggest clients are seeking Bitcoin exposure. They have also been investing heavily into Bitcoin mining company MMarathon Digital Holdings. They’ve added this exposure to Bitcoin mining across multiple investment vehicles including; Fidelity Series Total Market Index Fund (FCFMX), Fidelity Extended Market Index Fund
The Great Grayscale Bitcoin Trust Unlock of July 2021
UPDATE: The Great Unlock of GBTC was uneventful as suspected. The unlock did not cause a panic sell of Bitcoin. Per the SEC documents of Grayscale Investments as researched below, this is not even possible even though many uninformed or sources of malintent stated otherwise. Additionally, any major selling of GBTC