analytics6020d2f6ac4d8.jpg

According to recent reports, Bill Miller, an experienced hedge fund manager, intends to become an investor in the Grayscale Bitcoin Trust.

In fact, his flagship fund, the Miller Opportunity Trust, has already filed an amendment to the US Securities and Exchange Commission in order to be able to invest in Bitcoins. It is said that if the investment garners more than 15% of the company’s assets, Miller will not add additional investments.

The Miller Opportunity Trust is jointly managed by Miller and Samantha McLemore.

As of December 31, 2020, the fund has assets worth $ 2.25 billion.

This suggests that the investment in GBTC could become as high as $ 337 million.

Against this background, Bitcoin soared above $ 40,000.

Clearly, the growth was fueled by increasing interest from institutional money such as Bridgewater Associates and Miller Opportunity Trust.

To add to that, on Friday, QCP Capital said private gold holders are switching to BTC.

Because of this, there is a chance that BTC could reach $ 85,000 in the future.

analytics6020d3bfbec09.jpg

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.