21 Oct: Bitcoin Pimco Increases Bitcoin Exposure

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Big News Of The Day: BREAKING: $2.2T asset manager PIMCO plans to buy more crypto


Podcast Of The Day: On The Brink - Tom Chippas (ErisX) and Chris Isaacson (CBOE) on CBOE's Acquisition of ErisX


Video Of The Day: Altcoin Daily: ETHEREUM BREAKOUT! Bitcoin Going MUCH Higher! How High? What Next? Price Prediction [DOT News]


Blog Of The Day: The #1 Rule To Always Win With Bitcoin


My Hot Take

Fixed-income manager PIMCO is planning to increase its exposure to digital currencies such as Bitcoin (BTC) after dabbling in the asset class through crypto-linked securities, offering the latest evidence that major institutions are starting to embrace the emerging asset class.


Bitcoin prices rose to a brand new record today, breaking through the previous all-time high set earlier this year. The world’s most prominent digital currency reached $66,974.77 around 10:45 a.m. EDT, CoinDesk figures showed. However, Mark Yusko says "I wouldn't be surprised by a little consolidation." Would you believe, Jack Dorsey nearly predicted which Bitcoin block would include all-time high?


Meanwhile, Ethereum followed bitcoin and rallied above the $4,000 resistance against the US Dollar. ETH is correcting gains, but the bulls could remain active near $4,000. Cardano is up by about 8% in the past 24 hours as bulls look primed to challenge the resistance at $2.4.


Bitcoin's Open Interest (OI) climbs toward April peak levels and the return of open interest usually spells good news for the market. Then again, this could be just another metric that ends up not affecting the value of bitcoin in any significant way.


Best Performing Top 10 Asset is: SOL - $191.88


Well that's a wrap but, continue to read, watch, and listen to the information I curate on my website. I believe you will be well positioned to benefit from the most transformative technological shift we've seen in our life time. Be STRONG and HODL on!


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Remember: Bitcon 2022 tickets for Apr 06-09 in Miami and Consensus 2022 is Jun 10-12 in Austin, Texas; hope to see you at both!

 

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