Markets

Bitcoin could be like the FAANG stocks for the next decade – but it will take more than the buy-in of the retail army to get it there, an investment chief says

Bitcoin could become the next “great tech stock” of the coming decade, an investment chief said. But only retail traders buying into the coin won’t be enough, according to Skybridge’s Brett Messing. “It’s going to require institutional capital,” he said. “Retail can’t get it there.” Sign up here for our […]
Bitcoin could be like the FAANG stocks for the next decade – but it will take more than the buy-in of the retail army to get it there, an investment chief says
Markets

BlackRock has joined the bitcoin business — the world’s largest asset manager has said two of its funds can now invest in the cryptocurrency

BlackRock has authorised two of its funds to invest in bitcoin futures, according to filings with the SEC. The two funds are: BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund. Both funds are allowed to use only cash-settled bitcoin futures, among other assets. Sign up here our daily newsletter, […]
BlackRock has joined the bitcoin business — the world’s largest asset manager has said two of its funds can now invest in the cryptocurrency