World's Largest Asset Manager is a Closet BTC Bull? PayPal's CEO Says the Time is Now, BlockFi's BTC Credit Card

in LeoFinance3 months ago

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Bitcoin Users Climb to ATHs

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While everyone is watching the price action for BTC to make new all-time highs, many other metrics are also crushing previous records. This chart shows the number of active "entities" or wallets receiving BTC.

What I like here is the steady upward trend we've seen over the past year+ as opposed to the quick explosion and subsequent dump we saw in 2017-18.

World's Largest Asset Manager is Secretly a Bitcoin Bull?

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Blackrock's CEO Larry Fink recently did an interview and said everything but "BTC is going to the moon". Marketwatch reported on one of his statements saying:

'Bitcoin has caught the attention and the imagination of many people. Still untested, pretty small market relative to other markets.’

and

You see “these big giant moves every day…it’s a thin market. Can it evolve into a global market? Possibly,” he concluded.

The narrative of major financial institutions joining the crypto space is coming together each and every day.

PayPal's CEO: The Time is Now for Crypto

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Dan Schulman has been talking about crypto more publicly lately with the rollout of BTC buying and selling via PayPal. Coindesk reported on his statements during the Web Summit conference where he talked about his general outlook on the crypto space.

“As we thought about it, digital wallets are a natural complement to digital currencies. We’ve got over 360 million digital wallets and we need to embrace cryptocurrencies,” said the PayPal CEO."

Again, adding to the narrative of these institutions adopting crypto and adding traditional infrastructure and access points to bolster the industry for mass adoption.

Blockfi announces new BTC-Back Rewards Credit Card!

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@jrcornel reports on BlockFi's Bitcoin Rewards Credit Card that was announced yesterday. This credit card will allow users to make their everyday purchases like any other credit card.

The key difference is that users will earn 1.5% cash BTC-back on all purchases. Users will also be able to seamlessly pay off their credit balances using BTC and other stablecoins/crypto-assets that are supported by their BlockFi account.

As a user of BlockFi, I've already joined the waitlist for this card and am excited for the day it arrives (mostly for the fact that I'll hand my card to people and it will have the BTC logo on the front).

S&P Dow Jones Indices to launch cryptocurrency indexes in 2021

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Hot off the press! Reuters just posted this article about a S&P DJ indices for crypto launching in 2021. This is big news and once again (for the millionth time), adding to the narrative of major institutions and key financial infrastructures coming to the crypto space.

"The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins, the companies said."

ETH 2.0 - What is It?

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@dalz wrote an awesome post talking about ETH2 in layman's terms. I like this non-techie description and overview of what exactly ETH2 is and how it's going to be rolled out.

Phase 0 was launched on December 1st and that made big headlines. There are no shortages of running jokes about ETH2's launch, but the real fun begins when the full migration takes place and we see ETH's TPS (transactions per second) skyrocket from 30 to 100k.


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Good stuff, and yes I am on the wait list for that card as well. If nothing else it will be a great marketing tool! :)

I want to get one as well, will look into it in the new year. Can you make a post about it when you get it so we know how it is?

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I'll make some posts about it too once it arrives. I can't wait to flash that BTC logo

Me and The Doc can hopefully compare notes as we write about our experiences with it ;)

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Sounds like a plan! :)

Yep, I most definitely will.

I have written about Blackrock a few times and also just the other day. 2% of their 7T fund into BTC, pushes it to 30k from today's price. 2% of the next largest (6.5T) and it is at 40. Those two funds are half the size of the entire US national debt, and there are plenty more unicorn funds out there.

@jrcornel reports on BlockFi's Bitcoin Rewards Credit Card that was announced yesterday. This credit card will allow users to make their everyday purchases like any other credit card.
The key difference is that users will earn 1.5% cash BTC-back on all purchases. Users will also be able to seamlessly pay off their credit balances using BTC and other stablecoins/crypto-assets that are supported by their BlockFi account.

It was about time. Excellent news!

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I'm happy about it.

More financial infrastructure is a huge + for crypto

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All roads lead to the moon, what could go wrong at this point. Wrong answers only

Governments will ban BTC 🤣

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Lmao!! Perfect

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Sadly the credit card is only available in the US for now, but I'll join the wait list nevertheless.

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Yeah hopefully it expands. Im happy because a lot of other cards I've wanted are non-US

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It's gonna be a blast now that Paypal is step in and also it will let other think about it

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The institutions aren't just coming! Many have already arrived

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That's good more people know about blockchains the better

I am new to the #crypto #blockchin world of #hive, and I will say I'm getting it. then I thought how and where to put #investment ? how to get the best experience? reading this blog... Put the icing on the cake and brought it all together. So I invested in some Leo tokens. Thanks to the community #leofinance and @khaleelkazi @opinizeunltd

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So many things are happening in Crypto.

Crypto today is like internet stocks in 1999 and no one really knows how to value the potential

Ps. Loving the daily LEO

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I read what @dalz said here https://leofinance.io/@dalz/ethereum-2-0-or-what-it-is-when-does-it-starts-or-the-basics

It's the most comprehensive info on Eth 2.0 and I give it up to him.

I can't wait for more ATH of bitcoins to come though

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With all of the pragmatic news about crypto, we will definitely see a new dawn in this space.

I'm really glad that I've stayed and was able to cope up with the prolonged bear market. Cheers!

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I love the crypto-back cards. Crypto.com is the one doing the best job. They've got upto 8% cashback in crypto. Too bad it's not available in my region.

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I like the sound of that credit card but, having Googled it, it sounds like it will be a while before it gets to the UK. Hopefully all the bugs will be ironed out by then at least. 😂

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yea, first thing i did was sign up on the waiting list

cannot wait for that card. Hope they will include Switzerland

I might be mistaken but I thought Fidelity took over the lead as the largest with funds Undermanagement.

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there will still be an increase for this whole market, just think I know very few Italians who know BITCOIN even less who know ETHEREUM

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Cryptoholders will move to old rich colony, Cryptohunters will get shit coins

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Ethereum 2.0

I have written a few articles about Bitcoin and the significance of Ethereum 2.0 recently and I agree that the rise of these two tokens, Bitcoin and Ethereum are two of the biggest stories of our time.

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BTC and Paypal in 2021 will be an explosive combination (at least in theory).

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