September 24, 20202 min read, 451 words
Published: September 24, 2020 | 2 min read, 451 words
The bitcoin world was set alight by news last month that Virginia-based business intelligence and software company MicroStrategy MSTR -0.5% was buying bitcoin to hedge against inflation.
MicroStrategy, which boasts a market capitalization of $1.4 billion, bought just over 21,00...
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Credible
September 24, 2020
I can see how other reviewers might find this article and its headline to be a bit sensational, but the word "Indirect" is used in the headline and the article clearly states that Norway's oil fund has "indirect exposure". A good read and possibly one of the first major dominos to fall for major corporations hedging against inflation by buying into Bitcoin.
September 24, 2020
Credible
September 24, 2020
Title is a bit sensational; this is less about big names like Vanguard/Blackrock holding bitcoin, and more about them having positions in a ton of companies & funds across the market, one of which (Microstrategy) holds bitcoin.
While technically accurate, article feels more like reading a bit of financial trivia vs the huge impact that those funds officially taking a position in bitcoin would otherwise mean for the crypto market.
September 24, 2020