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Wealth

Tom Lee sees $2 trillion wealth transfer fueling crypto rally as Bitmine (BMNR) buys more ether (ETH)

Tom Lee sees $2 trillion wealth transfer fueling crypto rally as Bitmine (BMNR) buys more ether (ETH)

3 weeks ago by Crypto InsightsCrypto

Lee also noted Wall Street’s growing use of blockchain technology to represent financial assets, the rise of AI applications and crypto treasury companies holding tokens for the long term as possible drivers of a new rally. Bitmine inches closer to its 5% ETH goal Lee’s… Read More

Abu Dhabi Sovereign Wealth Fund Tripled BTC Bet Before Market Drawdown

Abu Dhabi Sovereign Wealth Fund Tripled BTC Bet Before Market Drawdown

12 months ago by Crypto InsightsCrypto

Al Warda Investments, an investment vehicle overseen by the Abu Dhabi Investment Council (ADIC), more than tripled its holdings of BlackRock’s iShares Bitcoin Trust ETF (IBIT) in the third quarter as bitcoin BTC$91,630.84 headed toward October’s record high. The 230% increase took its investment to… Read More

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