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Bitcoin Bursts Back Above $40k, Ethereum Open Interest Hits New Highs
Renewed interest on the part of institutional money in the last week, such as Ray Dalio’s Bridgewater Associates, which manages $150 billion in investor money, and the Miller Opportunity Trust., have sparked a rotation back into Bitcoin, sending the price of the biggest crypto back above $40k... It may also be getting a boost from MicroStrategy's WORLD.NOW BTC-themed conference this past week. “Bridgewater’s piece out last week had a sensitivity analysis which showed their estimates of BTC price, should private holders of gold switch to BTC,” states a weekly investor note Friday from quantitative trading firm ... (full story)
