March 28, 2024

Government funds plan to invest in bitcoin

Government funds plan to invest in bitcoin

State investment funds are interested in buying Bitcoin, says CEO of NewYork Digital Investment Group (NYDIG) Robert Gutmann. According to Gutmann, they are negotiating with such funds about possible investments in cryptocurrency.

Gutmann made his statement during a podcast withby the founder of Real Vision, Raul Palom. The latter confirmed this information, saying that the Singapore Sovereign Wealth Fund Temasek is indeed investing in bitcoin. According to him, Temasek, which has $ 306 billion in assets under management, buys new bitcoins from miners.

Drawing parallels between recent investmentspublic companies, including MicroStrategy and Tesla, and government funds, Gutmann noted that such players are seeking to hedge dollar-denominated liabilities and are re-evaluating portfolios.

“Looking at the modern world from the perspective of the future,investment committees reasonably question whether it is right to keep all dollar-denominated assets with dollar-denominated liabilities. "- he added.

NYDIG is part of the managing director of Stone RidgeAsset Management with assets of $ 10 billion. Earlier, Gutmann announced that by the end of this year he expects his clients to concentrate capital in bitcoin by more than $ 25 billion.

“I am confident that we will have more than $ 25 billion in bitcoin by the end of 2021. It's in the order book. I am not guessing, I can see what is happening "“He said.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Government funds plan to invest in bitcoin

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