BTC The Greatest Macro Investment Of A Generation?

The 'world's best fund managers' seem to be coming round to this perspective

Happy Monday!

Anthony Scaramucci highlighted a statement from billionaire hedge fund manager Philippe Laffont about how Bitcoin has become central to investment portfolios, stating that “Laffont is latest in long line of world’s best fund managers to understand Bitcoin is the greatest macro investment of a generation” — what’s driving the buzz?.

Trump Media and Technology Group’s Bitcoin investment plan received approval from the U.S. SEC, enabling the company to access about $2.3 billion in capital — check out all the details here.

Plus, for the last decade, three “Power Patterns” have delivered winning trades during the summer, and we’re hosting an event where 30-year veteran trader Tom Gentile will show you LIVE how to position yourself for potential gains.

TOP STORY

SkyBridge Capital Founder and CEO Anthony Scaramucci expressed agreement with
billionaire hedge fund manager Philippe Laffont‘s views that Bitcoin has become pivotal to investment portfolios. Bitcoin accounts for only around $2 trillion out of the world’s $500 trillion net worth, said Laffont. If one assumes Bitcoin will grow, then it “has to become more central to a portfolio,” CNBC quoted him as saying.

At the same time, Laffont advised investors to approach Bitcoin with “basic investing principles” and not let it dominate their portfolio.

Scaramucci’s views on Bitcoin are that it is a form of hard currency, or cash, around which markets will mature, which aligns with Laffont’s thoughts. He does not plan to sell it anytime soon.

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QUICK N DIRTY

Bitcoin, Ethereum, XRP, Dogecoin started the week in the green riding on high institutional investments and BlackRock’s significant BTC purchase during the weekend then why are traders seeing signals of a BTC pullback?

Dogecoin is flashing multiple buy signals on its hourly chart as PlaysOut plan to announce 15 games with DOGE integration this year — find out more here.

Stablecoins are likely to become default digital cash for the internet, Bernstein Research stated — here’s how that would happen.

FINTECH FOCUS

Trump Media and Technology’s Bitcoin investment plan received approval from the Securities and Exchange Commission, enabling access to about $2.3 billion in capital.

This funding, sourced from nearly 50 institutional investors, can be utilized to buy Bitcoin whenever required, making it “one of the largest” Bitcoin treasuries deals for a public company.

The firm is majority-owned by Donald Trump and operates the Truth Social platform and the Truth Social Bitcoin ETF, designed to track the price of the apex cryptocurrency.

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