Syscoin | The Ebay-Amazon of Crypto | Better Than BTC??
Tyler of https://chicocrypto.com/ brings you another episode of Crypto and A Cold One. Syscoin has some big news coming out today, Blockmarket Web is ready, Blockchain Foundry was listed on the Candadian Stock Exchange, and huge technical developments are in the works! Tune in to find out more!
Syscoin better than bitcoin. Syscoin blockchain. Syscoin has high transactions per second. Syscoin compared with other cryptocurrencies. Syscoin and the blockmarket. Blockmarket web released today.
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is one of the biggest investment and asset management firms in the United States. The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.
The company is currently offering more than 50 different exchange-traded funds(ETF) for pension funds, banks, and endowments. Currently, VanEck’s main investment tool is gold but now it appears that it’s going to “dive” into the bitcoin market.
The market capitalization of Gold is about $7 Trillion, compared to the market cap of bitcoin which is a little over $71 billion, bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the bitcoin market.
In a recent , Morgan Stanley believes that bitcoin might still be too immature to serve as an inflation hedge and that gold is a better investment. In the article Morgan Stanley analyst, Tom Price, stated following about bitcoin:
Some claim that the protocol limiting bitcoin’s supply growth rate, underpins its value,
he also added:
But if bitcoin is successful long term, we should continue to see competitor cryptocurrencies and market strategies emerge to exploit the new economic rent — a Bearish risk for bitcoin’s price.
According to on August 11, the famous investment firm filed with the U.S. Securities and Exchange Commission(SEC) for an official VanEck Vectors bitcoin Strategy ETF. The idea behind this special fund would be that it would invest into bitcoin futures contracts and be available for trading on Nasdaq.
This is a huge deal since this would allow stock traders to invest into the success of bitcoin without actually buying any bitcoins. VanEck’s decision to create a bitcoin ETF might not come as surprising as most people might think. bitcoin greatly outperformed gold, since January bitcoin has risen 310% and gold has only grown 11% in the same timeframe.
bitcoin ETFs aren’t a new invention. Back in , the famous Winklevoss bitcoin ETF was officially rejected by the SEC because of regulatory issues. A very recent by Bloomberg has concluded that bitcoin ETFs may soon become a reality.
What are your thoughts on VanEck’s bitcoin ETF? Do you think that it will make bitcoin mainstream for stock traders? Let us know in the comments below!
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bitcoin’s fixed 21 million supply contrasts with expanding fiat money. As demand rises while new issuance declines, purchasing power can increase, giving bitcoin deflationary tendencies.
Tyler of https://chicocrypto.com/ brings you another episode of Crypto and A Cold One. Syscoin has some big news coming out today, Blockmarket Web is ready, Blockchain Foundry was listed on the Candadian Stock Exchange, and huge technical developments are in the works! Tune in to find out more!
