Guggenheim To Invest Up To $530 Million In Bitcoin After Roubini Twitter Meltdown

What is surprising is that Guggenheim is - for now - sticking only to the Grayscale ETF as a source of crypto exposure: "Except for its investment in GBTC, the Fund will not invest, directly or indirectly, in cryptocurrencies."

We expect that will change soon: after all in the past few weeks, bitcoin futures' open interest surpassed gold's for the first time ever as the investing public increasingly turns to crypto as an alternative to the tsunami of fiat currency debasement and ahead of the central banks' launch of digital currencies some time in 2022.

 

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William K. 2 months ago Member's comment

This would not be the first time in history that a bunch of "experts" have been fooled or otherwise mislead into incorrect pronouncements, with the result that the wrong people gained a large benefit.