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As Bitcoin started the year with a new all-time high a few dollars short of $42k, it now ranks as the ninth largest asset globally, closing in on Alibaba and Tesla and is at the time of writing the largest financial service in the world by market-cap.
Digital Future Capital gained approval to launch an AIFM in August 2020, making history with a giant leap towards becoming the very first operational Digital Asset Hedge Fund in the UK.
The Future of Finance is Digital!
Tolstoy once remarked that all happy families are alike, while every unhappy family is unhappy in its own way. The same can be said of nations, and as the global pandemic threatens national supports for well-being, especially health and income, only political leadership with altruistic family values is likely to flourish.
This unprecedented year and its frivolous central-bank easing is now accelerating the maturation of Bitcoin toward a digital version of gold. Covid-19 was a key test and Bitcoin scored a home-run. Data shows that trading volume on the NYSE Bakkt Bitcoin exchange has seen a strong increase and institutional investors are accumulating BTC.
Paul Tudor Jones, a billionaire hedge fund manager, told clients earlier in May that he was purchasing Bitcoin as an inflation hedge, according to Bloomberg. Emphasizing that governments have spent trillions of dollars on asset purchases and fiscal stimulus in recent months, he chose Bitcoin over other assets like Commodities and Treasuries.
Happy Bitcoin Halving to all you wonderful early adopters! We are the cusp of another record-shattering Bitcoin bull run, hence this will be our last weekly issue as we move to monthly publications while preparing the launch of our commercial UK fund in the coming months. Stay financially safe, with Love, The DFC Team