According to Sonnenshein, from Grayscale perceive a strong interest among pension funds in assets such as Bitcoin. He also said the Treasury secretary has the wrong perspective, because she seeks to close refers to the closing price; similar to the same term used in stock trading. off avenues for interested investors.
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- Pension funds want to invest investing is when you put money in a financial scheme with the intent of making a gain. in cryptocurrencies such as Bitcoin.
- For Sonnenshein, there is no concern about volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. or the bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” market.
- Los inversionistas piensan en los beneficios que derivan a largo plazo las criptomonedas.
- Grayscale waiting for a response from the SEC about your Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. ETF.
The CEO of Grayscale Investments, Michael Sonnenshein, indicated that more and more pension funds are exploring the possibility of diversifying their investment portfolios and including cryptocurrencies within their options.
Pension Funds Explore Investing in Cryptocurrencies
This is what Sonnenshein said during an interview today by the news network a network refers to all nodes in the operation of a blockchain at any given moment in time. CNBC, in which the CEO of Grayscale indicated that there is a great deal of interest in assets such as Bitcoin, and this remains increasingly present despite the fact that the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market an area or arena, online or offline, in which commercial dealings are conducted. is going through a bearish season.
According to Sonnenshein, interested investors are thinking about Bitcoin from a long-term perspective, with a special focus on the regulatory landscape, which is gradually becoming clearer and invites many to consider the leading digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. as an asset they should incorporate into their investment portfolios. Therefore, it seems that many are not worried about the volatility issue, at least not at the moment.
In this regard, the director of Grayscale he commented:
“We’re spending time with policymakers, and some of the largest pensions and endowments focused on diversifying their portfolios and actively exploring their allocations to cryptocurrencies. This is a different kind of consensus.”
Regulators ask to pay attention to this
Sonnenshein’s remarks come on the heels of US Treasury Secretary Janet Yellen’s call for greater oversight of pension funds, especially in light of the growing intention to invest in cryptocurrencies.
In this regard, Yellen criticized such intentions and pointed out that Bitcoin was not an ideal retirement asset. She also pointed out that in light of the risks associated with trading digital currencies, it would be reasonable to Congress to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. the danger this poses.
In this regard, Yellen commented:
“It’s not something I would recommend to most people who are saving for retirement. For me it’s a very risky investment”.
On the Treasury secretary’s stance, Sonnenshein criticized the official, saying it was the wrong perspective to push for restricting access to Bitcoin.
Organizations and companies move forward with Bitcoin
While this is a practice that some institutions were already exploring, regulators’ interest arguably gained much more traction when Fidelity announced that it wanted to open up this possibility for its clients’ funds.
The announcement came at the end of last April, when the American company indicated that it would allow its customers to put Bitcoin in their tax-deferred 401(k) retirement accounts, as long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. as their employers allow it.
In this regard, the head of offers and retirement plans atFidelity, Dave Gray, commented:
“There is a need for a diverse set of investment products and solutions for our investors. We expect cryptocurrency to shape the way future generations think about investing in the short a trading technique in which a trader borrows an asset in order to sell it, with the expectation that the price will continue to decline. In the event that the price does decline, the short seller will then buy the asset at this lower price in order to return it to the lender of the asset, making the difference in profit. and long term.”
Regarding Grayscale, we recall that the entity is awaiting a reply from the C Securities and Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Commission (SEC) regarding your request to launch a ETF an Exchange-traded Fund, an investment fund that users trade on exchanges and trading platforms. based on Bitcoin. While this does not look likely to go down well given the responses other applicants have received, analysts note that the fund management company plans to sue in court if the outcome is negative.
La SEC has until July 6 to provide a response to Grayscale.
- U.S. Treasury Secretary Janet Yellen calls for crypto regulation as “very risky” option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. for retirees
- Fidelity will allow its retirement plan clients to invest in Bitcoin
- New signs point to Grayscale planning to sue the SEC if it doesn’t approve its application for a Bitcoin ETF
Source: Finbold , Archive
Version by Angel Di Matteo / DiarioBitcoin
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