BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Anthony Scaramucci: Paul Tudor Jones took “a sledgehammer” to the wall between Wall Street and bitcoin

If recent headlines are any indication, Wall Street's slow embrace of bitcoin – or, at least, financial instruments tied to it – is beginning to pick up the pace.
Earlier this week, it was reported that JPMorgan is offering banking services to cryptocurrency exchanges Coinbase and Gemini. And macro investor Paul Tudor Jones recently revealed that he allocated as much as 2% of his assets to bitcoin, while his fund has opened to door to buying bitcoin futures . Elsewhere, derivatives markets are heating up with volumes and open interest on CME Group's bitcoin option contract hitting fresh highs on Thursday. 
Market participants point to the juxtaposition of central bank money printing and bitcoin's fixed-supply – the latter of which was very much on display this week during the halving event – as one catalyst for recent interest.
On this episode of The Scoop, Skybridge Capital's Anthony Scaramucci explores these developments and why he is "there" when it comes to being convinced to allocate some capital to bitcoin. 
"Paul is closed for new investors, but if he wasn’t closed for new investors, I would be in his fund," Scaramucci said. "And I have no problem owning, as a pass-through through his fund, some level of digital currency exposure."
In this episode, the former 10-day-long White House communications director said that Jones has helped the idea of owning bitcoin acceptable go mainstream.
An admitted non-crypto expert, Scaramucci said there is a technological opportunity for peer-to-peer transfer of value with permanency.
 "There is an era coming where everybody is going to want to own something that is less manipulated by the governments as it relates to a store of value," he said.
Scaramucci said that a few more announcements like Paul Tudor Jones' revelation that he will take on exposure to bitcoin will cause the "wall to fall down." 
We also explore: 


Why Scaramucci recently moved close to $300 million to legendary hedge funds Bridgewater Associates, Oaktree Capital, and Third Point, and why his fund and others suffered during the first part of the year
Why the pandemic hit the structured credit market especially hard relative to equities
The implications of the liquidity the Fed is injecting into the economy, and why money printing can last longer than we think
Why the crypto rush will happen, but not as quickly as people want it to – and why he doesn't buy the threat to the dollar in the near future
Scaramucci gives us an inside look on what's going on in Washington and why Libra would be an unmitigated disaster from the government's perspective

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK
WhatsApp
Telegram

Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

24h Most Popular News

Please consider to Support BitRss.com!