3iQ Research Group consolidates the top five cryptoasset stories of interest to investment advisors and our investors.


December 17 – December 23, 2020 | North iQ Newsletter

Bitcoin Valuation and Fundamentals

December 2020 – Despite Bitcoin’s recent all-time-highs, as well as the increase in bitcoin ownership announcements from corporations and investment firms alike, there remains no broadly accepted approach for valuing world’s largest public blockchain.

Read the report here.

 


December 17 – December 23, 2020 | North iQ Newsletter

Jefferies’ Head of Equity Strategy Trims Gold Exposure and Invests in Bitcoin

December 18 – The astonishing surges in the price of Bitcoin has lured investors to the cryptocurrency, including Christopher Wood, global head of equity strategy at Jefferies. Wood has decided to trim gold exposure by 5% in favour of bitcoin in his long-only global portfolio for USD-denominated pension funds.

Read the article here.

 


December 17 – December 23, 2020 | North iQ Newsletter

Musk Inquires About Moving ‘Large Transactions’ to Bitcoin

December 20 – Tesla’s Elon Musk inquired about converting “large transactions” of the electric car company’s balance sheet into Bitcoin in a recent Twitter exchange with Michael Saylor, CEO of Microstrategy and a prominent booster of the digital currency. Saylor even encouraged the billionaire to shift U.S. dollars to Bitcoin and “do your shareholders a $100 billion favor.”

Read the report here.


December 17 – December 23, 2020 | North iQ Newsletter

CME Announces Ether Futures Contracts

December 16 – The Chicago Mercantile Exchange (CME) announced it will launch a futures contract on ether, the world’s second-largest cryptocurrency by market value. Ether futures will be listed on February 8, over three years after bitcoin futures went live.

Read the report here.

 


December 17 – December 23, 2020 | North iQ Newsletter

Coinbase Taps to Goldman Sachs for IPO

December 18 – Digital currency exchange Coinbase has reportedly approached Goldman Sachs to lead its upcoming initial public offering. This potential support from Goldman Sachs could boost the appeal of cryptocurrencies to a broader mainstream audience.

Read the report here.

 


December 17 – December 23, 2020 | North iQ Newsletter

Open Interest in Bitcoin Futures Skyrockets

December 21 – ​​​​​​CME Group’s bitcoin futures surges 42% in a week, achieving a new record high of $1.47 billion in terms of open interest. The spike in the open interest implies that more money is flowing in the market, and traders expect a near-term rise in bitcoin’s volatility.

Read the report here.

 


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