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LNN

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Posts posted by LNN

  1. Paul confirmed Gutmann’s disclosure, mentioning that Singapore’s sovereign wealth fund Temasek was certainly a Bitcoin investor.

    In a recent tweet , Paul distinguished the approaching ingress of sovereign wealth funds into the crypto domain as a “wall of money.”

    As per Gutmann, investors are re-evaluating their portfolios. He said:

    “If you look at the world today on a forward basis, it is reasonable to be asking yourself as an investment committee or as an allocation committee [if] having all of [their] assets denominated in dollars against dollar-denominated liabilities is the right allocation mix.”

    ufc 190 cryptocurrency GIF

     

    • Fidelity
    • Goldman Sachs
    • SkyBridge
    • Morgan Stanley/NYDIG
    • VanEck
    • Valkyrie
    • WisdomTree
    • Bitwise

    The SEC has repeatedly delayed making decisions on multiple Bitcoin ETFs over the last few years, causing firms like VanEck to pull their applications over fears the SEC would reject them. A Bitcoin ETF would allow investors to redeem shares at any time.

    The successful launches of Bitcoin ETFs elsewhere have given momentum to those applying for a US Bitcoin ETF.

    To The Moon Bitcoin GIF by eToro

  2. According to a recent report from Reuters, General Motors joins a growing list of major companies investigating regular implementation of the popular cryptocurrency.

    Last month, during GM’s Q4 2020 earnings call, General Motors CEO Mary Barra said that the automaker had no plans to invest in bitcoin, but would continue to evaluate whether further interest was warranted.

    “We don’t have any plans to invest in bitcoin, so full stop there,” Barra said when asked about GM’s interest in the cryptocurrency. “This is something we’ll monitor, and we’ll evaluate, and if there’s strong customer demand for it in the future, there’s nothing that precludes us from doing that.”

    https://gmauthority.com/blog/2021/03/general-motors-considering-payments-with-bitcoin/

  3. https://legiscan.com/KY/bill/HB230/2021

    The governor of Kentucky, Andy Beshear, has signed a bill meant to incentivize cryptocurrency miners to set up shop in the state into law. 

    The new law “provides sales and use tax exemptions on the tangible personal property directly used and the electricity used in commercial mining of cryptocurrency” and amends the state’s utility gross receipts license tax “to exempt electricity used or consumed in the commercial mining of cryptocurrency.”

    kentucky louisville GIF

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