Nickel Research Centre
Monthly news

Major developments in digital assets, December 2020

  • Niall Ferguson publishes Bloomberg Opinion “Bitcoin Is Winning the Covid-19 Monetary Revolution”
  • BlackRock CEO says "Bitcoin can possibly evolve into global asset" , reinforcing an earlier statement by BlackRock CIO that bitcoin is “here to stay” and could rival gold as a “store of value”
  • Microstrategy makes further $650 million bitcoin allocation boosting total holding to above $1 billion
  • One River Asset Management, reveals $600 million worth of bitcoin holding. Intends to boost to $1 billion
  • Ruffer, multi-billion dollar UK investment firm discloses $745 million bitcoin allocation
  • MassMutual (Massachusetts Mutual Life Insurance) bought $100 million worth of bitcoin
  • JPMorgan says MassMutual’s bitcoin foray signals widening institutional demand
  • Jefferies global head of equity strategy cuts exposure in gold for bitcoin, allocating 5% to bitcoin
  • Ray Dalio, founder of Bridgewater, called bitcoin 'interesting' gold-like asset alternatives”
  • JPMorgan says gold will suffer for years because of bitcoin
  • Guggenheim CIO: "Our fundamental work shows that Bitcoin should be worth about $400,000"
  • Morgan Stanley IM’s chief global strategist discusses threat posed by bitcoin to USD supremacy, FT Opinion
  • Fidelity says the crypto custody business has been “incredibly successful” with “tremendous pipeline”
  • Goldman Sachs’s Jeff Currie says bitcoin and gold can coexist
  • Paul Tudor Jones says Bitcoin reminds him internet stocks in 1990s at the internet infancy
  • S&P Dow Jones says to launch cryptocurrency indexes in 2021
  • Bloomberg report suggests "Bitcoin price could hit $50,000 in 2021"
  • Goldman Sachs picked to lead IPO plans for Coinbase, US largest crypto exchange
  • VanEck, a global ETF provider, files another application with SEC for Bitcoin Trust ETF
  • Carlyle’s David Rubenstein invested in PayPal's crypto partner Paxos
  • Alan Howard, billionaire hedge fund manager, is backing a crypto fund
  • American Express invested in FalconX, crypto trading platform
  • CME Group to launch Ethereum futures in February 2020
  • SBI Holdings, a Japanese financial group, acquires UK-based crypto trading firm B2C2
  • MassMutual announced minority stake in NYDIG, a provider of tech solutions for Bitcoin
  • State Street and S&P Global back Lukka, a crypto asset software and data provider in $15 million round
  • JPMorgan executed a blockchain-based repo transaction using JPMCoin
  • Standard Chartered Bank to Launch Crypto Trading for Institutional Investors
  • Square announces allocation of $10 million toward bitcoin ecosystem
  • SEC files an action against Ripple, centralised operator of digital token XRP
  • SBI Holdings teams up with Swiss Stock Exchange to offer crypto service in Singapore
  • Wells Fargo report suggests crypto is her to stay and the bank is pay attention to the crypto in 2021
  • Spotify reveals search for a director to lead crypto efforts
  • Visa International partners with Circle to integrate stablecoin payments capability for its card issuers