Week of June 18, 2021

Video Chapters:
00:00​ – Market cap and Bitcoin dominance
00:39 – Sir Tim Berners-Lee to auction web source code
01:22​ – 98% of CFOs say their hedge fund will invest in Bitcoin by 2026

#NFTs #BernersLee #Bitpanda​ #Bitcoin #CFO

▬ Market cap and Bitcoin dominance ▬▬▬▬▬▬▬▬▬▬▬▬
As always, let’s start with a quick look at the last 5 days of development for the crypto market cap and Bitcoin’s dominance as of yesterday.
The total market cap has increased by more than 6% or $100 Billion. Elon Musk’s tweet around green energy usage for crypto mining could have had an effect again…. But let us know what you think!

We have also seen a slight increase in Bitcoin’s dominance over the last days and weeks. But, with it sitting at around 46%, it looks like we are still in altcoin season, compared to Bitcoin’s dominance of more than 70% in early January this year.

The Fear & Greed Index has seen some improvement over the last few days, spending some time above 30.. The real question is whether we are still in a bull market!

Sources:
tradingview.com
alternative.me

▬ Web inventor Berners-Lee to auction original code as NFT ▬▬▬▬▬▬▬▬▬▬▬▬
Sir Tim Berners-Lee is auctioning his original source code for the world wide web in the form of a “non-fungible token”, or NFT. Digital collectibles are continuing to be sold for millions of dollars despite the recent sell-off in cryptocurrencies.
The auction at Sotheby’s will be the first time that Berners-Lee has been able to raise money directly from one of the greatest inventions of the modern era and the proceeds will benefit initiatives that Sir Tim and his wife Rosemary support.
While investment in NFTs has waned since March’s record-breaking $69.3m sale of Beeple’s “Everydays: The First 5000 Days” , Auctioneers will be hoping that the one-of-a-kind digital artefact will ignite interest in NFTs beyond artwork, games and sports assets.

Source:
https://www.ft.com/content/a77ad1bf-fae0-478b-aa05-a07790314ebc

▬ 98% of CFOs say their hedge fund will invest in Bitcoin by 2026: Study ▬▬▬▬▬▬▬▬▬▬▬▬

A new survey by the intertrust group has found Traditional hedge funds are willing to increase their exposure in Bitcoin and other cryptocurrency markets over the next five years.

Intertrust Global — an international trust and corporate management company — polled the chief financial officers of 100 hedge funds globally about their intentions for purchasing crypto-assets. 98% of them responded that they expect their hedge funds to invest 7.2% of their assets in cryptocurrencies by 2026, that alone would equal $312 Billion flowing into the market.

Source:
https://cointelegraph.com/news/98-of-cfos-say-their-hedge-fund-will-invest-in-bitcoin-by-2026-study

▬ About Bitpanda ▬▬▬▬▬▬▬▬▬▬▬▬
Bitpanda is a fintech based in Vienna, Austria and was founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer. Bitpanda has 2.5 million users and more than 450 team members. With a PSD2 payment service provider licence, state-of-the-art security and streamlined user experience, Bitpanda has grown into a popular trading platform for newbies and experts alike. The goal is to tear down the barriers to investing and personal finance through digital assets and blockchain technology like cryptocurrencies, precious metals, fractional stocks and ETFs and to bring traditional financial products into the 21st century.

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