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The CIO of $230B AUM Guggenheim Just Called for $400,000 BTC

A recap of 5+ insanely bullish stories that got buried in the bitcoin price action.

Updated Sep 14, 2021, 10:45 a.m. Published Dec 17, 2020, 8:00 p.m.
Breakdown 12.17 - insanely bullish bitcoin stories

A recap of 5+ insanely bullish stories that got buried in the bitcoin price action.

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This episode is sponsored by Crypto.com and Nexo.io.

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With so much focus on bitcoin’s record-setting price run, a number of huge (and hugely bullish) stories have gotten comparatively short shrift. In this episode, NLW looks at:

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  • Ruffer LLP’s $744 million bitcoin buy
  • Hedge Funder Alan Howard and One River’s $1 billion digital assets bet
  • Northern Trust getting into crypto custody
  • Guggenheim Partners’ CIO calling for $400,000 BTC
  • CoinDesk sister company Grayscale as the fastest-growing asset manager in history?

See also: Coinbase Files for IPO

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

Solana CME futures first-day activity compared to BTC and ETH debuts. (CME/K33 Research)

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

What to know:

  • Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
  • Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
  • Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.