From a gambling den for “pawns” to a club for finance “hidalgos”: that’s why bitcoin has risen 200% in six months



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ServiceCRYPTOVALUTA

Bridgewater’s Ray Dalio and JP Morgan have changed their minds about cryptocurrencies and now estimate an additional demand of 600 billion compared to the current value of 300. The American insurance MassMutual opens the race for institutional investors. And PayPal legitimizes it as a payment currency.

by Alessandro Graziani

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(REUTERS)

Bridgewater’s Ray Dalio and JP Morgan have changed their minds about cryptocurrencies, and now estimate an additional demand of 600 billion compared to the current value of 300. The American insurance MassMutual opens the race for institutional investors. And PayPal legitimizes it as a payment currency.

3 ‘reading

Just a little bit (coin). Although in small doses, cryptocurrencies are entering the portfolios of institutional investors. This is a turnaround with unpredictable price results (+ 200% in the last six months, a new record barely surpassed $ 23,000), because until a few weeks ago Bitcoin & co. investments left to retail speculation were considered.

Something has changed if it is true that Ray Dalio of Bridgewater, one of the world’s largest hedge funds, is gone …

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