Bitcoin On The Verge Of Mass Adoption - Exciting News Awaits Soon.

Bitcoin On The Verge Of Mass Adoption - Exciting News Awaits Soon.

2021-03-17 | Daniel Smith

Bitcoin On The Verge Of Mass Adoption - Exciting News Awaits Soon.

We are standing on the verge of Bitcoin [BTC] mass adoption, revealed the CEO of Bitcoin investment firm NYDIG Robby Gutmann. Gutmann, also the co-founder of $10 Bln asset manager Stone Ridge, added the “On the Brink" podcast on 15th Mar. that we will expect to ascertain announcements from a number of the firm’s strategic partners which will drastically change the normal financial landscape.
“I know starting more or less next week, you’re getting to see an absolute drumbeat of pretty game-changing milestones from a number of these firms.”
Earlier on 8th March, NYDIG completed a $200 Mln growth capital round led by multiple major finance firms including Morgan Stanley, NY Life, MassMutual, Soros Fund Management, and FS Investments. Other NYDIG partners embody fintech firms Kasasa, Nymbys, and Moven. Gutmann didn’t say which partners are going to be making announcements but hinted that the news could involve providing greater access to BTC for the broader public along with other products & services. Interestingly, one among the products NYDIG offers to partner firms referred to as 'Corporate Treasury', entailing a set of treasury solutions purpose-built to permit corporations to store Bitcoin.
“The announcements are getting to mark progressively new points in Bitcoin adoption, Bitcoin availability, Bitcoin products and services within the prevailing traditional financial landscape.”
Also last month, NYDIG revealed official paperwork with the U.S. SEC [Securities and Exchange Commission] to launch a new Bitcoin [BTC] ETF [Exchange-traded Fund]. Presently, the firm manages over $3 Bln in digital assets.

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