The time has come.

Institutional investments are coming into the crypto space.

After Microstrategy’s BTC bet, another Nasdaq listed company is making its move into crypto investment.

But what has it got to do with you and me? Or rather, the billion dollar question of

On the way from around USD 300 billion to USD 1 trillion market cap for cryptocurrencies, how much is your portion?

Square (SQ) Invests $50 Million in Bitcoin

Square, Inc. (NYSE: SQ) announced today that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million.

Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose.

The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of 2020.

Square has previously invested in bitcoin from a product, leadership, and legal innovation perspective, and today adds this financial investment.

https://lnkd.in/gt6g-qP

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From Naysayer to $425 Million Purchase

“There are 3500 publicly traded companies and there’s $5T in their treasuries and it’s all melting. At some point, you have a fiduciary obligation to not lose the money. It used to be acceptable to be conservative but that was before the asset inflation rate went from 6% to 30%” ~ Micheal Saylor

There is a generational wealth storage shift, with or without you and me.

How so? Read one of the recent news as mere illustration of gold’s safety concern: Armed robbers hijack pickup truck carrying gold on KL highway

The post Microstrategy’s BTC Bet appeared first on Blockchain Insider.

• Macro Strategist Raoul Pal Moves More Than 50% of Portfolio to Bitcoin in Big Bet on Future of Crypto
• MicroStrategy Board makes Bitcoin its primary reserve currency, may increase its holdings beyond $250M
• Bitcoin market cap will match JPMorgan’s if the $16.5K CME gap closes
• Mad Money host Jim Cramer forecasts a generational wealth storage shift
• BNP Paribas connects to major stock exchanges with DAML smart contracts

Disclaimer: NOT INVESTMENT ADVICE

Reading Notes

Macro Strategist Raoul Pal Moves More Than 50% of Portfolio to Bitcoin in Big Bet on Future of Crypto

We are all 100% aware of the downside risk in a 60 vol asset… this is not a trade for a great grandmother. I just want to be clear, with regards to being irresponsibly long bitcoin: I don’t use leverage. I fully expect to have to deal with a 50% drawdown and, I’m ok with it. I look at my allocation versus liquid assets and not my house etc. I am lucky to have an income stream, which is key. ~ Global Macro Investor founder and chief executive Raoul Pal, who is betting big on the future of digital currencies.

https://dailyhodl.com/2020/09/14/macro-strategist-raoul-pal-moves-more-than-50-of-portfolio-to-bitcoin-in-big-bet-on-future-of-crypto/

MicroStrategy Board makes Bitcoin its primary reserve currency, may increase its holdings beyond $250M

MicroStrategy has outperformed the Nasdaq since buying BTC. Now, it’s doubling down.

The move – Microstrategy’s Bitcoin investment – has already caused a slew of copycats, with smaller companies of every shape making similar announcements.

• It should be noted that MicroStrategy sold a domain to Block.one in 2019 for $30 million.
• Perhaps this gave the company’s leadership an appreciation of the value of cryptocurrency.
• Some of the world’s biggest institutional investors have a stake in the company.
• This may demonstrate how much more acceptable Bitcoin has become on Wall Street in the past few years.

https://cointelegraph.com/news/microstrategy-board-makes-bitcoin-its-primary-reserve-currency-may-increase-its-holdings-beyond-250m

Bitcoin market cap will match JPMorgan’s if the $16.5K CME gap closes

“As it turns out, bitcoin is better at being gold than gold — and not just incrementally, but by an order of magnitude or 10X better. It is a widely held belief in technology circles that when a product is 10X better than its closest substitute, it will escape its competition. We believe Bitcoin has achieved this.”

At $16,500, Bitcoin’s market cap would match that of JPMorgan, illustrating just how early the crypto sector is in its growth phase.

#Bitcoin‘s price if it reaches this market cap:

$16‘500 JP Morgan
$23‘000 Visa
$40‘300 Facebook
$106‘000 Apple
$487‘000 Gold

Lets go!

— MMCrypto (@MMcrypto) September 10, 2020

https://cointelegraph.com/news/bitcoin-market-cap-will-match-jpmorgans-if-the-165k-cme-gap-closes

The Future of Smart Contract

BNP Paribas connects to major stock exchanges with DAML smart contracts

In 2019, the ASX and Digital Asset signed a Memorandum of Understanding stating that the stock exchange will support DAML as part of its CHESS blockchain registry. As reported, ASX’s CHESS system is coming in 2021.

Introduced in April 2016, DAML stands for Digital Asset Modeling Language and represents an expressive language designed for financial institutions to model and execute agreements through DLT and smart contracts.

The new DAML-driven apps will connect BNP Paribas Securities Services with major global stock exchanges like the Australian Securities Exchange, or ASX, and the Hong Kong Exchange, or HKEX.

The apps will provide market participants in the Asia Pacific with real-time access to ASX’s and HKEX’s upcoming blockchain-based trading and settlement platforms. BNP Paribas will specifically connect to the ASX’s blockchain-powered equity transaction platform known as the Clearing House Electronic Subregister System, or CHESS.

https://cointelegraph.com/news/bnp-paribas-connects-to-major-stock-exchanges-with-daml-smart-contracts

Mad Money host Jim Cramer forecasts a generational wealth storage shift

When I go to my inflation handbook, what it says is buy gold, buy masterpieces and buy mansions, what we didn’t have in that menu, was crypto. ~ Jim Cramer, host of the popular CNBC mainstream markets show, Mad Money.

https://cointelegraph.com/news/mad-money-host-jim-cramer-forecasts-a-generational-wealth-storage-shift

The post A Generational Wealth Storage Shift appeared first on Blockchain Insider.

Pardon my English, I grow up in a Commonwealth country under legacy of British education system watching Hollywood movies.

This is more like a compilation of thoughts, notes and interesting points over past year, with some restructuring and put into a more organized way. There is definitely some hidden gems but you may got to work your own way out as you read through.

Last but not least, I accept crypto rewards if you think this work is beneficial and would like to further support my work besides sharing the links of these info out. I am a supporter of cryptocurrency and walk the talk by accepting token of appreciations in crypto form.

Anyhow, I put it up for free views over Slideshare (as embedded below).

Smart Money

This is the best of times, this is the worst of times.

What we have now is truly borderless, programmable money backed by immutable computer systems based on pure logic & mathematics.

– A Century of Technology Innovation
– Two Monetary Worlds
– Three Phases of Cryptocurrencies

From Corporate Currency to Sovereign Cryptocurrency (CBDC, Central Bank-issued Digital Currency), the fundamentals of AI driven, Blockchain based Cognitive resources management system powered by data: Programmable / Smart Money

After all, money makes the world goes round.

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