November 11 – November 17, 2020 | 3iQ’s The Bitcoin Fund offering, Citigroup’s lofty $318k bitcoin price target, $3bn of Chinese bonds accepting bitcoin, and More
3iQ Research Group consolidates the top five cryptoasset stories of interest to investment advisors and our investors.
Announcement: 3iQ’s The Bitcoin Fund Announces Overnight Offering
November 16 – 3iQ’s The Bitcoin Fund (TSX:QBTC) is pleased to announce that it is undertaking an overnight treasury offering of Class A units. Please contact your financial advisor for more information.
Report: Citigroup’s FX desk has a $318k price target on bitcoin by December 2021
November 13 – A senior analyst at CitiFX suggests that Bitcoin could reach $318K by the end of 2021. This claim is supported by Bitcoin’s long term trend pattern of unthinkable rallies followed by agonizing corrections.
China’s 2nd largest bank is accepting bitcoin for $3bn of blockchain based bonds
November 10 – China Construction Bank Corp., one of the country’s largest banks, is preparing to raise up to $3 billion from selling digital bonds that individuals and institutions can trade using U.S. dollars or bitcoin.
Education: Responding to Incessant Bitcoin Criticism
November 13 – Fidelity Digital Assets addresses the misconceptions and criticisms that continue to surround Bitcoin regarding its volatility and failing to serve as a store of value or as a means of payment, its role in illicit activity, and so forth.
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