Even The Rothschild's Are Buying Bitcoin; Grayscale’s Holdings Surpass 450k BTC

Big money is coming, Grayscale Bitcoin Trust (GBTC) holds nearly 2.5% of all Bitcoin supply.

The Rothschild Investment Corporation has bought 27 bitcoins in share form through Grayscale Bitcoin Trust (GBTC).

GBTC itself added another 6,937 BTC (worth $72 million) in the past few days after reporting the third straight record quarter with inflows reaching $1 billion.

As of Sept. 2020, Grayscale’s bitcoin holdings reached 450k BTC, representing nearly 2.5% of all Bitcoin supply, as per YCharts.

Rothschild reportedly has $1.4 billion in assets under management, with $235,000 of it held in Bitcoin. This makes them one of the most prominent investment banks to get into bitcoin, which is most likely for their clients.

Rothchilds Buying BTC

Other big names like Rockefellers began investing in blockchain and crypto startups back in 2018. Blackrock, with $6.3 trillion assets under management, also started considering diversifying into crypto the year following the bitcoin price top.

It is no surprise given that more and more big money is moving into crypto. The trend has only intensified in 2020 as we saw the likes of legendary investor Paul Tudor Jones buying Bitcoin and companies like Square, MicroStrategy, and Stone Ridge, making it part of their Treasury.

From institutional investors to family offices, company savings, and pension funds, bitcoin is becoming strongly appealing to them as fiat currency continues to devalue.

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1 BTC/USD =13,299.2282 change ~ 0.88

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AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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