Tag: Invest

Proposed South Carolina Bill Lets State Treasurer Invest 10% Of State Funds In Bitcoin

coiner

Yesterday, Rep. Jordan Pace reintroduced Bill H. 4256, The “Strategic Digital Assets Reserve Act Of South Carolina”, into South Carolina’s House of Representatives. Highlights from the bill include the fact that it enables the State Treasurer to invest up to 10% of the funds under the state’s management into digital assets, including bitcoin, and that the state’s Strategic Digital Assets Reserve can include up to one million bitcoin. The bill also states that the reason for establishing such a reserve is because “inflation has eroded the purchasing power of assets…

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Why It’s Not Too Late to Invest in Bitcoin

coiner

For years, Bitcoin skeptics have watched from the sidelines, waiting for a moment to join the ride, only to convince themselves that they’ve already missed the boat. However, the reality tells a different story. Not only is it not too late, but Bitcoin continues to prove itself as a superior investment option compared to traditional assets—whether you have $25 a week to spare or millions to allocate. Bitcoin Magazine Pro has a free portfolio analysis tool, Dollar Cost Average (DCA) Strategies, which enables investors to measure Bitcoin’s performance against other…

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Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M

coiner

Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya’s digital infrastructure. Following the memorandum of understanding (MOU) signing, the Kenyan government will establish a steering committee comprised of ministry officials and executives from Marathon. Joint Steering […] Source link

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Mexican Billionaire Outlines 4 Key Reasons to Buy Bitcoin — Says ‘You Have to Know How to Invest’

coiner

Mexican billionaire Ricardo Salinas has outlined four key reasons why investors should buy bitcoin, including long-term growth potential, diversification, and protection against inflation and currency devaluation. Moreover, he advised: “You have to know how to invest and be patient, not get scared when it goes down and buy, and not get excited when it goes […] Source link

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When will it be too late to invest in Bitcoin?

coiner

On the latest episode of Cointelegraph’s Market Talks, host Ray Salmond spoke with Luke Broyles, a popular Bitcoin (BTC) advocate and content creator on YouTube and X (formerly Twitter). During the show, Broyles laid out his Bitcoin investment thesis and his unique perspectives on how the asset’s price could eventually rise into seven-figure territory. Broyles said that in 2020, he realized the bond market was broken. While searching for alternative investments, he discovered Bitcoin as a sound option. When asked about his Bitcoin investment strategy and how he stomachs the volatility,…

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ARK Invest, 21Shares join queue to offer Ethereum futures ETF

coiner

Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications. The two proposed Ethereum futures ETFs are “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY), according to an Aug. 24 filing to the Securities and Exchange Commission. The filing states that ARKZ would invest at least 25% of its total assets in cash-settled Ethereum futures contracts, such as…

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SEC Delays ARK Invest And 21 Shares Spot Bitcoin ETF Application

coiner

Friday morning, the Securities and Exchange Commission (SEC) solicited comments on 21 Shares and Cathie Wood’s ARK Invest’s spot Bitcoin exchange-traded fund (ETF) application, further delaying the process. This is the second delay in the listing process for this ETF, with the first delay happening earlier this year. The third deadline for the SEC’s decision is scheduled for later this year for November 11. If the SEC delays the application again, it will go to its fourth and final deadline on January 10, 2024.  The race for approval for a spot Bitcoin…

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