Crypto assets are a neutral, inclusive, non-state financial settlement system that provides a unique product-market fit in a world increasingly frustrated by reckless governments and incompetent central banks. The need for decentralised, alternate and independent transactions gave birth to Bitcoin (BTC) post the Global Financial Crisis of 2008. Since then, investors have sought alternatives that provide security, transportability and immutability in ownership.
Square, Microstragegy, Paypal and Tesla Pave the Path to Institutionalised Crypto Investing
Square is the first institutionalised firm to announce adding Bitcoin to its balance sheet along with Microstrategy and holds a $210 million investment in Bitcoin. According to the Q4 report, the company has already made $1.76 billion from Bitcoin Trade. Bitcoin and Ethereum have $292 million and $250 million, respectively, Paypal’s cryptocurrency assets. Paypal has made it extremely simple to buy, sell and hold cryptos. It provides access to the four major cryptocurrencies- Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). Elon Musk’s Tesla has 8% of its reserves in Bitcoin.
The Latest Institutional Investments Into Crypto
The third quarter of 2022 witnessed a colossal level of institutional investment into crypto as Shima Capital launched a $200 million blockchain fund, Invesco launched a metaverse specific fund, and Barclays took over Copper (an institutional gate to digital asset investment).
Felix Capital raised a whopping $600 million for its fourth fund and $177 million directly invested by the South Korean government into metaverse projects. Coinfund launched a Web3 fund of $300 million, Variant to invest $450 million into DeFi and Web3, $7 Billion raised by Lightspeed across its US domiciled funds, Multicoin raised $430 million, and Binance Labs closed a $500 million fund for Web3.
On top of this, the Norwegian Central Bank uses Ethereum (ETH) to build National digital currency. Nasdaq is in the process of launching an institutional crypto custody service. India’s central bank, RBI, initiates a digital currency pilot with four central banks.
Wall Street Firms such as Shwab, Citadel Securities and Fidelity start the crypto Exchange EDX. Two Sigma Ventures allocated 15% of its capital to crypto and Web3 projects after raising $400 million to plan crypto investments.
Big Eyes Coin Perfect For Portfolio Diversification
Crypto Assets assign the best long-term opportunity to hedge against inflation and outperform during global economic chaos. One upcoming meme coin to look forward to for market growth and portfolio diversification is Big Eyes Coin (BIG).
It is a cat-themed meme coin which aims to rule over the Dog Communities. Still, in stage 12 of the presale, it has raised $32 million and has already managed to reward 390% ROI to its investors, even before the launch.
Big eyes Coin wants to grow along with its community. This is why it centres at the centre of all its processes. Right from the beginning of the presale, it has been rewarding the holders with Bonuses, Promotional Codes, Vault Pins and Loot Boxes.
The Loot Boxes are mysterious boxes that can give as much as a 5000% bonus on opening. They can be purchased for as low as $10 and can reward one up to $1 Million worth of BIG tokens.
To celebrate the Final Countdown to the Launch, Big Eyes Coin is giving a limited time 250% bonus with every purchase of BIG tokens. One has to use the code BULLRUN250 at checkout for additional 250% BIG tokens. This means with Big eyes Coin, the crypto enthusiasts are already riding on the Bullish Wave as soon as it is purchased. Who would think of missing that?
Big Eyes Coin (BIG)
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