The Bitcoin news published every day on our blog show that BTC is gaining a lot of momentum in 2020 and the price is similarly extending to new highs this year. Proof for the adoption are many new people entering the Bitcoin scene. One popular macro analyst named Darius Dale is in the latest people who decided to invest in the cryptocurrency and expect future gains.
Despite the fact that the uptrend in BTC has stalled, prominent names have continued to delve in the world of cryptocurrency. We are talking about Darius Dale, the Managing Director & Partner at Hedgeye Risk Management, who heads the firm’s Macro Strategy team alongside the chief executive at Hedgeye.
As Dale announced on June 19th, he “just bought Bitcoin for the first time” ever. The popular macro analyst added that he thanks Morgan Creek Digital’s chief Anthony Pompliano and others for providing him with the resources to make this trade.
Just bought bitcoin for the 1st time in the ol' PA amid this pullback. Wish me luck!
Many thanks to @APompliano and his large community of thoughtful disruptors for providing me with the resources I need to better understand the risks of this trade.
Collaborate. Evolve. Profit.
— Darius Dale (@HedgeyeDDale) June 19, 2020
All of this shows that Dale is one of the latest notable investors and analysts who delved in the world of Bitcoin for the first time ever. The responses were also present – one of the first came from Brandon Quittem (a popular commentator and entrepreneur in the crypto space) who shared the tweet below.
6/ The world is waking up to Bitcoin.
"Smart Money" investors already own Bitcoin.
If you don’t own any Bitcoin, ask yourself: what do I know that Paul Tudor Jones, @DTAPCAP, @jack, @chamath, @RaoulGMI, @dan_pantera, @nntaleb, @TimDraper, @peterthiel, and @naval don't know?
— Brandon Quittem (@Bquittem) June 17, 2020
As we can see, Quittem outlined a handful of big names in traditional finance and Silicon Valley which are going big on cryptocurrency. He listed individuals including Tim Draper, Naval Ravikant, Peter Thiel, Dan Tapiero and Paul Tudor Jones, noting that their entrances in the crypto news world has been very notable, especially by crypto bulls.
However, to go back to the popular macro analyst Dale, he did not elaborate on why he is buying Bitcoin for the first time ever. Still, many top investors and analysts agree that the case for owning the cryptocurrency has never ever been this clear before.
For instance, the senior analyst at Bloomberg Mike McGlone recently released a report outlining his thoughts on the cryptocurrency market, entitled “Bitcoin $10,000 Gaining Support” and referencing the analyst’s expectations that BTC will soon rally and reach new heights.
McGlone’s sentiment was attributed to a mix of factors such as the growing correlation with gold, the monetary easing, the decreasing volatility, the increased institutional adoption and Grayscale’s purchases of BTC.
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