Pular para o conteúdo principal

Bahamas-Based Deltec Bank Holds a 'Large' Bitcoin Position – Finance Bitcoin News

Bahamas-based Deltec Bank & Trust said during a recent video review that it’s holding a “large position” in bitcoin. The information was given by their chief investment officer, Hugo Rogers.

According to the video uploaded to the bank’s Youtube channel, Deltec’s large position in bitcoin (BTC) has brought “a lot of attention recently.”

Rogers further explained the move:

We bought bitcoin for our clients at about $9,300, so that worked very well through 2020. And we expect it to work well in 2021 as the liquidity crisis continues to run hot.

Earlier this year, Rogers told Bloomberg about what represents a bitcoin position from a strategical point of view:

A small position in Bitcoin can go a long way. There’s a lack of an alternative in real assets that can show a comparable return. If you’re going to diversify your portfolio anyway, this is a good place to go.

The stablecoin issuer Tether is a client of Deltec. In fact, the relationship between both parties dates back to atleast 2018, after Tether released a letter confirming a transaction with the bank.

To clarify the separation between Tether and the bank’s holdings, Stuart Hoegner, general counsel of the crypto trading platform Bitfinex and Tether, commented on the matter:

We are aware of recent statements by Deltec Bank & Trust Limited about the purchase of digital tokens for and on behalf of their customers. Tether does not outsource decisions about its reserves. Deltec does not purchase digital tokens for and on Tether’s behalf.

The recent crypto market’s bull-run has been fueled interest among private banks and investment advisors towards crypto.

German private bank Hauck & Aufhäuser announced that they would launch a crypto investment fund this year. Such a move will allow institutional and semi-institutional investors to invest in digital assets including, bitcoin, ether, and stellar.

Also, news.Bitcoin.com reported on a survey that revealed that the number of U.S. financial advisors allocating to crypto in their clients’ portfolios surged significantly in 2020.

What are your thoughts on Deltec’s bitcoin position disclosure? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Use Bitcoin and Bitcoin Cash to play online casino games here.

Comentários

Postar um comentário

Postagens mais visitadas deste blog

St Marche: a história da improvável rede de supermercados que fatura R$ 800 milhões

A história de Bernardo Ouro Preto e Victor Leal, que também trouxeram o Eataly para o Brasil, é tema do episódio do podcast Do Zero ao Topo SÃO PAULO – Sem qualquer experiência no varejo, dois executivos resolveram criar uma rede de supermercados voltada para a classe A em 2002. A ideia foi desencorajada por todos os banqueiros e executivos com MBAs de universidades Ivy League que a dupla conhecia. Mas Bernardo Ouro Preto e Victor Leal resolveram seguir em frente. Contrariando probabilidades, o St Marché é hoje uma rede com 20 lojas e que faturou cerca de R$ 800 milhões em 2020. “As ideias inovadoras que a gente teve na época foram rebatidas pelas pessoas que conhecem o business. Aí a gente tomou a decisão de que iríamos inovar e, para fazer isso, contratamos só gente que não vinha desse business”, contou Bernardo Ouro Preto, fundador e CEO da companhia em entrevista ao podcast Do Zero ao Topo . As 10 melhores corretoras para investir em ações, segundo a Proteste Curso gratuito: como v...
Postar um comentário
Leia mais

IPCA-15 sobe 0,78% em janeiro, maior resultado para um mês de janeiro desde 2016, mas levemente abaixo do esperado

A expectativa do mercado, segundo estimativa média da Refinitiv, era de alta de 0,81% na comparação com dezembro O Índice Nacional de Preços ao Consumidor Amplo 15 (IPCA-15), a prévia da inflação oficial, ficou em 0,78% em janeiro, após registrar 1,06% em dezembro de 2020. Esse é o maior resultado para um mês de janeiro desde 2016, quando o índice foi de 0,92%. Em 12 meses, o IPCA-15 acumula alta de 4,30%, acima dos 4,23% registrados nos 12 meses imediatamente anteriores. Em janeiro de 2020, a taxa foi de 0,71%. Os dados foram divulgados hoje (26) pelo IBGE. A expectativa do mercado, segundo estimativa média da Refinitiv, era de alta de 0,81% na comparação com dezembro e de 4,33% na comparação anual. As 10 melhores corretoras para investir em ações, segundo a Proteste Curso gratuito: como viver de Bolsa operando apenas 1 hora por dia Como investir em ações: passo a passo para quem está começando A energia elétrica, que passou de uma alta de 4,08% em dezembro para 3,14% em janeiro, foi ...
Postar um comentário
Leia mais

Rich Dad Poor Dad Author Robert Kiyosaki Predicts Bitcoin Price Will Be $1.2 Million in 5 Years – Bitcoin News

Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted that the price of bitcoin will increase to $1.2 million within five years. Kiyosaki revealed that he bought bitcoin at $9,000, adding that he may buy the cryptocurrency again “today or tomorrow just because I’m more bullish on it.” Robert Kiyosaki has shared his prediction of how high he thinks bitcoin’s price would be. The Rich Dad Poor Dad author accurately predicted in December last year that the price of the cryptocurrency would reach $50,000 in 2021. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. Over 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki was asked in an interview with Kitco News last week if it is too late to buy bitcoin at the current price of between $50,000 and $60,000. Noting that “There is always the entry point,” the famous autho...
Postar um comentário
Leia mais