Coinmarketcap currently lists the total global market cap at $132.2 Billion. Up $12 Billion from yesterday.
volumes for many coins are at multi-month highs and RSIs are steadily rising. If Fidelity, Nasdaq, Bakkt, and ETFs are rolled out, volume should multiply. Fidelity is supposedly launching in March.
“Fidelity Investments is targeting a March launch date for its custody service, according to three people with knowledge of the matter, as the mutual-fund giant moves forward with a plan that could help ease fears of .
Fidelity Chief Executive Officer Abigail Johnson has been a proponent of digital assets, setting her apart from many rivals. Under her leadership, the firm began in 2015. She’s betting the business, dubbed Fidelity Digital Assets, will appeal to Wall Street’s relatively nascent appetite for and safeguarding digital currencies.” —
Morgan Creek also drew a $40 Million investment from a Virginia Police Department’s Pension.
“Fairfax County, Virginia has targeted part of its pension fund toward investments in the and industry, as well as technology in general. Now, they’re explaining why.
Fairfax County Retirement Systems Director Jeff Weiler in and other media’s reporting on the county’s decision to invest in Morgan Creek’s latest offering, the Opportunities Fund. Oversubscribed from its intended $25 million, the fund invests in companies. It captured $40 million from two Fairfax County pension plans and other institutions.” —
The list of companies involved in and/or is growing. Square’s Cash App for instance, “owned by () that notably offers () , currently sits at the top of the iOS download chart in the United States.” –
“Top of the iOS download chart!” Are you serious? That’s huge. “Cumulative downloads for the Cash app now total 33.5 million, exceeding Venmo’s 32.9 million for the first time ever, analyst Dan Dolev told clients Tuesday.” —
Through Cash App, 33.5 million users have access to buying and selling (). I think it’s safe to say Crypto is creeping it’s way toward mass .
first announced adding to it’s platform in the fourth quarter of 2017. On August 14th 2018 Coindesk wrote, “Mobile payments firm now lets buy and sell bitcoins via its Cash App in all 50 U.S. states.
The company — which was co-founded by Twitter chief executive Jack Dorsey — announced the service expansion through a on Monday, months after the firm initially rolled out the service to investors in the country.” —
“We’re building a register so that sellers can accept a credit card, so they can accept cash, so they can accept a cheque, so they can accept and so they can accept any form of payment that comes across the counter including future ones and burgeoning ones like Apple Pay.” —
Back in November 2018, when Square first made the announcement, I purchased 157 (SQ) for $6,448. About two and a half months later, I sold for a $200 loss. The sight of the peak it had just made, had me thinking of ’s top. I panic sold.
Had I held onto the stock and been patient, I’d have more than doubled my investment in a year. Now it’s likely my entry price of $40 is never coming back. That’s the risk of trying to time the market. Lesson learned! Hold long for the win.
If ends up benefiting from the addition of to the Cash App platform, it’d only be a matter of time before their competitors enter the Crypto space.
Congrats to all with the balls to continually average down. Accumulation is soon to pay off!
Go longs!
Published at Tue, 19 Feb 2019 01:39:12 +0000
