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In mid-November, a filing registered with the U.S. Securities and Exchange Commission (SEC) had shown that the investment firm may invest in crypto assets like bitcoin. Over a month later Capital filed another registration form with the U.S. SEC (Form D) as it plans to launch a bitcoin fund.
In a departure from our usual Crypto Long & Short format, in honor of the holiday season, our friends written a poem that reviews the year and reflects some of the progress made in our industry. It’s not rigorous analysis, but I hope the change in rhythm lightens the festive period.
According to the filing submitted on December 21, 2020, it will be for accredited investors who can purchase $50k or more. It’s a pooled investment and hedge fund, and as for the issuance-size Sky has declined to disclose. Further, the Skybridge Bitcoin Fund will follow Rule 506(c) that allows the solicitation and general advertisement of the offering to accredited investors. He said that Blockchain is going to get tighter, and more reformed, and more secure, Scaramucco added: People are going to have more confidence in it, and I don’t think bitcoin to paypal exchange service can be stopped.
With a market value of $512.34 billion, BTC is now more valuable than all but seven publicly traded companies, sitting between Alibaba at $545.4 billion and Tencent Holdings at $509.7 billion, according to Statista data.
With the end of the year looming, some fund managers may also be buying BTC so they can brag next year about being smart enough to get in in 2020 while neglecting to say at which price they had done so.