Thursday, December 3, 2020
Home The Capital $ 29 billion giant offers customers access to Bitcoin

$ 29 billion giant offers customers access to Bitcoin

Check out our new platform 🚀 https://thecapital.io/

Nov 20 · 3 min read

Image for post

Bitcoin is attracting more and more well-known companies and funds.
It has now been announced that the investment advisory firm Mariner Wealth Advisors, which manages assets of more than 29 billion US dollars, is also opening its doors to Bitcoin.

As the asset manager on Tuesday in a press release announced, Mariner Wealth Advisors is now offering its clients direct access to Bitcoin. As a result, the Registered Investment Advisory Service (RIA), whose network of independent financial advisors manages around $ 29 billion, is now giving its 23,000 customers an opportunity to get into the largest cryptocurrency. Around 346 financial advisors will soon have access to the Bitcoin markets via a separately managed account (SMA). The connection was set up in cooperation with the crypto investment company Eaglebrook Advisors, which offers Bitcoin custody services through the Gemini Trust Company.

The CEO of Eaglebrook Advisors, Christopher King, said in the press letter:

Our investment solution, tailored to the specific needs of companies like Mariner Wealth Advisors, makes it easy for their advisors to allocate Bitcoin. We expect the adoption of cryptocurrencies to continue and the market to mature, which will result in even greater demand.

Investment firms fuel Bitcoin rally

Not least because of the explosively rising Bitcoin price, institutional investors such as banks and investment firms seem to be more interested in Satoshi’s creation. Bitcoin has tended to have a niche existence in the portfolio of professional investors for the past few years and served more as a speculative risk position than as a long-term investment. In addition to the lack of regulations in the crypto sector, it was primarily the inherently high volatility of the asset that prevented many large investors from entering the market.

At least since the pandemic rocked the global financial markets and triggered an inflationary money printing strategy by the central banks, more and more investors are turning to digital currency. Bitcoin is increasingly acting as an inflation protection and a store of value.

Grayscale’s Bitcoin Trust, the largest asset manager for digital currencies, manages assets of more than ten billion US dollars. In total, Grayscale has held 500,000 Bitcoin since the most recent shopping spree and thus, depending on the estimate, around 2.7 to 3.3 percent of the total BTC in circulation.

In addition, the investment company SkyBridge Capital, which manages more than $ 7.7 billion in assets, according to a new announcement by the US Securities and Exchange Commission (SEC), reveals that the company is also likely to invest in mutual funds that are built on digital assets. So it is written in it:

Support me for FREE through these Referral Links:
CRYPTO PUBLISHING PLATFORMS
Publish0x Referral https://www.publish0x.com?a=open5lPd7A
Read.Cash Referral https://read.cash/r/Zeal
LBRY https://lbry.tv/$/invite/4UXpY59QUDG5oKaXgdmPCpZkasWRgxjB

CRYPTO EXCHANGES/ WALLETS:
Coinbase Referral https://bit.ly/373aUPH
Binance Referral https://www.binance.com/en/register?ref=SGBV6KOX

Disclaimer: These lines are not a substitute for investment advice, investments in the crypto market are made at your own risk. Invest only as much as you are willing to lose. I get commissions for purchases made through links in this post.

Popular Articles

Bitcoin and Crypto Asset Vocabulary

New to crypto? Here are some terms you might see.Andrew GardnerNov 30 · 2 min readCheck out our new platform 👉 https://thecapital.io/Photo by Alexandra...

Never before have there been so many active Bitcoin addresses

Check out our new platform 👉 https://thecapital.io/TitusDec 3 · 2 min readThe number of people who own an entire Bitcoin (BTC) is steadily increasing....

Crypto Game Blankos Block Party to Open in Beta December 10

In brief PC crypto game Blankos Block Party will launch in open beta on December 10. Players can create their own game experiences and compete online. Mythical...

Avanti CEO calls on SIM swap victims to resurrect Wyoming bill

Caitlin Long, founder and CEO of Avanti Financial, is asking crypto users and others to testify in support of a piece of legislation which...

Celebs Like Maisie Williams Are Looking Towards Bitcoin

Bitcoin has been surging so much this year that it’s caught the eye of several celebrities, the most recent one being Maisie Williams of...

CZ Lands on Bloomberg's 50, Next to Fauci and Kaepernick

As a cryptocurrency billionaire, Binance CEO Changpeng Zhao doesn't need the plaudits. But they sure are nice. Bloomberg Businessweek today named CZ to its Bloomberg...