Warren Buffett, chairman and CEO of Berkshire Hathaway, asserts that there is currently no viable alternative to the U.S. dollar as the world’s reserve currency, suggesting that U.S. debt will remain acceptable “for a very long time.” Berkshire currently sits on a cash pile of $ 188 billion, which Buffett views as “quite attractive.” …
Recent data reveals that Blackrock, the globe’s leading asset manager boasting over nine trillion in assets under management (AUM), now possesses 33,430.56 bitcoin, valued at approximately $ 1.34 billion. Similarly, the financial powerhouse Fidelity has increased its bitcoin holdings, with the Fidelity Wise Origin spot bitcoin exchange-traded fund (ETF) now owning 30,169.54 bitcoin, equivalent …
The bitcoin held by institutional traders (INS) in their respective crypto portfolios saw an “almost twofold” increase in the initial three quarters of 2023. Institutional traders’ BTC allocation shifted from under 40% in January to nearly 50% by the end of September. The Spot Bitcoin ETF Factor According to a study conducted by the crypto […]
While U.S. equities and precious metals remain flat, bitcoin has seen an uptick in value over the past day. Currently valued at $ 38,376, with an intraday range stretching from $ 37,547 to $ 38,804, bitcoin’s market capitalization stands at $ 750 billion. Over the past 24 hours, bitcoin has gained …