‘Dollar Devastation’, Institutional Investors, G20, & More: This Week in BTC

 

As the week draws to a close, Bitcoin seems to be continuing to strengthen its position over the $10k mark; in fact, BTC has spent most of this week sitting comfortably over $11k, and seems to be holding strong.

While Bitcoin’s upward climb could primarily be the continuation of the bullish wave that began to unfurl during Q3, there have been several high-profile investments that may have called a bit of extra positive attention to Bitcoin.

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Indeed, CryptoRadar managing editor, Jack Choros pointed specifically to this week’s announcement that asset management giant, Stone Ridge would be investing $115 million into Bitcoin; earlier this month, payments giant, Square announced a $50 million BTC investment. Business intelligence firm Microstrategy announced a $425 million Bitcoin investment at the end of September.

“I think institutional investment is what’s keeping bitcoin…


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