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Norwegian tycoon Kjell Inge Rokke recently joined a growing list of billionaires to embrace bitcoin.
In a 23-page shareholder letter, Rokke breaks down his three-fold bitcoin investing strategy.
He details why he sees bitcoin as a solution instead of a problem for its perceived challenges.
Yet another billionaire has jumped on the bitcoin bandwagon. This time, it s Norwegian tycoon Kjell Inge Rokke.
Rokke is the chairman of the $6 billion industrial conglomerate Aker ASA, which has ownership interests in oil and gas, renewable energy, maritime assets, industrial software, and more.
Tradecraft Capital
Jake Ryan is the chief investment officer of crypto asset hedge fund Tradecraft Capital.
Ryan thinks bitcoin will have a market cap of $5 trillion by 2023 and $20 trillion by 2030.
He also shares two emerging areas of the crypto-asset market that he s bullish on.
Having spent the first 20 years of his career in software development, Jake Ryan has had no difficulty wrapping his head around the world of cryptocurrency and blockchain technology.
Still, it took him more than seven years since bitcoin s creation in January 2009 to make his first direct purchase of the digital currency at around $480 apiece in 2016.
What convinced him to finally make the leap was not the utopian vision for bitcoin shared by many ardent fans in the tech world, but the antifragile nature of the digital currency.
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After breaching a record-high of $58,000 last Sunday, bitcoin slid to $47,000 on Friday.
Despite regulatory uncertainty, three CEOs of money managers are still bullish.
They explain why bitcoin is still in its early stages and set to mature into a gold-like market cap.
Is bitcoin entering a bear market ?
After the digital currency slid from its record high of $58,000 last Sunday to $47,000 as of Friday afternoon, its biggest weekly loss since a 33.5% decline last March, some skeptics are saying bitcoin is on the verge of falling into, if not already, in a bear market.
Strategic Wealth Partners Luke Lloyd told Insider he sees a massive correction ahead for bitcoin.
Lloyd said regulation fears will be the catalyst for a fall all the way to $24,000.
But he said he thinks its price will recover and surge to $100,000 by the end of the year.
Luke Lloyd is an outspoken bitcoin bull when it comes to his long-term outlook.
So it might have come as head-scratching news to some when the investment strategist and wealth advisor at Strategic Wealth Partners said on Fox Business Varney & Co. that he d cashed out of the cryptocurrency when it hit $40,000 for the first time in January.
Mark Yusko
Morgan Creek Capital Management launched the third ETF to capitalize on the SPAC boom.
Founder Mark Yusko breaks down the strategy and how it could be beneficial in a bear market.
Yusko, a crypto bull, shares 3 other sectors to watch amid the SPAC frenzy.
Special Purpose Acquisition Companies have been among the most talked-about investing trends of the past year. After all SPAC launches in 2020 more than tripled from 2019, according to SPAC Insider.
Everyone seems to have one, from Colin Kaepernick to Bill Ackman to Billy Beane. Now, they are even the subject of a rap song called SPAC Dream , which has over 98,000 YouTube views.