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❕NEWS Another competitor of Grayscale's Bitcoin fund is out

aryan4

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The increase in institutional interest in Bitcoin has led to the emergence of products that rival Grayscale's Bitcoin Trust product.
With the motto of investing in better digital assets, Osprey Funds' Osprey Bitcoin Trust fund was launched.
There are comments that the fund, which will be listed under the short name OBTC next week, may rival Grayscale's Bitcoin fund.
What do you think about the entry of such large funds into the market?
 

aryan4

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The news is actually an important news for the markets. The fact that such a huge investment company confronts a competitor is also a sign of the size of the funds it manages. In general, I think that great investor interest will affect the markets positively.
 

pedroflores30

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The reality of the stock markets is so volatile that in many cases large companies disappear due to the equivalent investments they make and facing bitcoin is a great risk that is assumed.
 

aryan4

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The reality of the stock markets is so volatile that in many cases large companies disappear due to the equivalent investments they make and facing bitcoin is a great risk that is assumed.
Regardless, the name financial markets means that investments are always at risk. I guess like we have to take some risks to win.
 

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If this come to reality then obviously the market price for bitcoin will begin to rise again because this new company will be eager to invest more money in bitcoin to have more and become a whale.
 

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If this come to reality then obviously the market price for bitcoin will begin to rise again because this new company will be eager to invest more money in bitcoin to have more and become a whale.
You are right in what you wrote. If something like this happens one day, bitcoin will be positively affected and will rise much more.
 

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You are right in what you wrote. If something like this happens one day, bitcoin will be positively affected and will rise much more.
Yeah ,I will search for this news headline to enable me read about the story because these are kinda information that could inform your decision of buying or selling.
 

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Yeah ,I will search for this news headline to enable me read about the story because these are kinda information that could inform your decision of buying or selling.
Yes, definitely the kind of news that can influence decisions. As far as I see and understand, you are also a good follower.
 

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Some investors have seen that there is profit in doin Bitcoin business. This move with increase compilation among crayscale and will further widen the scope of Bitcoin.
 

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Some investors have seen that there is profit in doin Bitcoin business. This move with increase compilation among crayscale and will further widen the scope of Bitcoin.
It will probably expand too much. Bitcoin investments have increased enormously and now societies are aware and there seems to be good earning opportunities.
 

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It will probably expand too much. Bitcoin investments have increased enormously and now societies are aware and there seems to be good earning opportunities.
That's why the level of investment and participation is very high , the Crypto currency market is above $1 trillion dollars already so bitcoin is a strength in the Crypto currency world.
 

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That's why the level of investment and participation is very high , the Crypto currency market is above $1 trillion dollars already so bitcoin is a strength in the Crypto currency world.
Yes it looks like a real power and it has attracted a lot of attention from the societies. Let's see what will happen in the markets as a power in the near and distant future.
 

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Yes it looks like a real power and it has attracted a lot of attention from the societies. Let's see what will happen in the markets as a power in the near and distant future.
It is no doubt that bitcoin will continue to rise if it must exist as Crypto coin though the magnitude of rise in the price is what one can't predict.
 

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I think there might be a competition but that depends on the amount the new investors is investing and this would actually benefit the crypto world at the end
 

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I think there might be a competition but that depends on the amount the new investors is investing and this would actually benefit the crypto world at the end
If the price doesn't drop drastically, Investors will keep Investing though there tend to be more new traders than Investors considering the current bitcoin status.
 

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The increase in institutional interest in Bitcoin has led to the emergence of products that rival Grayscale's Bitcoin Trust product.
With the motto of investing in better digital assets, Osprey Funds' Osprey Bitcoin Trust fund was launched.
There are comments that the fund, which will be listed under the short name OBTC next week, may rival Grayscale's Bitcoin fund.
What do you think about the entry of such large funds into the market?
For now we cannot say anything until they eventually enters the cryptocurrency market ,and buys their own Bitcoin . Then will we see the amount they have bought
 

Wisdom01

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If the price doesn't drop drastically, Investors will keep Investing though there tend to be more new traders than Investors considering the current bitcoin status.
Yeah i think you are right because of the way its increasing shows that its the new investors that are entering the market and this lockdown is the cause
 

aryan4

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If the price doesn't drop drastically, Investors will keep Investing though there tend to be more new traders than Investors considering the current bitcoin status.
If there are no really hard sales in the bitcoin price, it could possibly increase the confidence of all investors as you say. Too much fluctuation is annoying in my opinion.
 

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If there are no really hard sales in the bitcoin price, it could possibly increase the confidence of all investors as you say. Too much fluctuation is annoying in my opinion.
Presently , the fluctuations in Bitcoin price has made people to holdl their coin more ,while monitoring the market. This is the main reason the price of Bitcoin has not gone below $30k
 

aryan4

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Presently , the fluctuations in Bitcoin price has made people to holdl their coin more ,while monitoring the market. This is the main reason the price of Bitcoin has not gone below $30k
Actually, what I mean is not normal price movements. Movements that could be called extreme, for example daily volatilities of 20% or 30% or more.
 
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