Fundstrat Global Advisors, which is a major market strategy and research provider recently announced that the platform will start accepting Bitcoin (BTC) as a means of payment for its content – all through Bitpay.
As the official press release stated, Tom Lee’s Fundstrat has added Bitcoin payments to its platform via the operator BitPay which processed more than $1 billion in Bitcoin payments last year.
The new feature is great for institutional investors, individual high-net-worth individuals, and financial advisors. It will allow everyone easy access to Fundstrat’s reports on different financial sectors.
As the Chief Commercial Officer behind BitPay Sonny Singh stated, the addition of Bitcoin for Fundstrat will enable a global client base from everywhere – including Asia, Africa, and Latin America. This, as he said, “has been nearly impossible before” to access the firm’s content.
The co-founder of Fundstrat and head of research, Tom Lee, is one of the ‘Bitcoin bulls’ and long believers in crypto. When asked for a comment on the recent news, he said that accepting payments in BTC via BitPay makes the process “considerably simpler, faster and less expensive.”
Earlier this year, Lee said that Bitcoin could reach to anywhere between $22,000 and $25,000 by the end of 2018 – a statement which he reiterated in July this year, clarifying that his prediction is still not a bearish setback for his previous forecast of $25,000.
Bitcoin ATMs Number Keeps On Increasing, The Question Is Why?
UN Thinks Bitcoin & Crypto Are “The New Frontiers” In Finance, Focusing On Ripple And IOTa
“Cryptocurrencies represent a new frontier in digital finance and their popularity is growing. The decentralized networks for cryptocurrencies, bitcoin being a well-known example, can keep track of digital transactions. They enable value to be exchanged and can give rise to new business models which would otherwise require significant regulatory and institutional commitments." the report states.According to the UN, blockchain and crypto have many use cases. As it is explained in the document:
"For example, a value token called ClimateCoin is being considered as a basis for creating a global market for carbon emissions, allowing peer-to-peer exchange of carbon credits and a direct connection with the Internet of Things. It would then be possible for devices to calculate their own carbon emissions and purchase carbon credits to offset those emissions."The document also focuses on innovation and how it comes from inherent trust, citing that "the innovativeness of this system lies in the way in which the various parts combine to create the trust and guarantees that the traditional financial system derives from institutions and regulation."
Wall Street Investors Need ETNs To Join The Crypto Space: CBOE President
“The power of having that future there is also having an ETN that is more attractive to retail, and then institutions can lay that risk off on the listed futures market. [...] Absent that leg and introducing trackers or notes, I think we will be in this, 'It trades every day, but it is not the story.'”He also said that the main reason why regulators did not approve a Bitcoin exchange-traded product such as the (still-pending) ETF applications is that the regulators cannot protect investors from manipulation on a market. “You answer that question, you get your first ETN,” the president of CBOE concluded.
“Bitcoin Is The Only Blockchain That May Exist For The Next 100 Years” : Alistair Milne
“The probability that Bitcoin matches its ATH [all-time high] price again and doesn't then continue past it seems very low. Each wave of adoption is an order of magnitude bigger than the last,” Milne wrote in the Twitter thread that he started on Saturday.Meanwhile, Bitcoin suffered another drop which took it below $3,500, giving less optimism to traders hoping for a new bull run. The new downturn has led to many accusations from high-profile economics figures. However, Milne continued expressing his optimism and said:
“The next bull run will decide which public blockchains persist for the next 100 years. I believe Bitcoin is currently the *only* sure thing[.]”Aside from this, Milne also highlighted the interest by institutional investors and labeled Bitcoin's profile as the "gold 2.0" in the next round of adoption.
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