Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Asset Giant Expects to Reach $25,000,000,000 in Bitcoin Under Management This Year

by Daily Hodl Staff
February 6, 2021
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

New York Digital Investment Group (NYDIG) founder and chairman, Ross Stevens, contends that his firm may hold $25 billion worth of Bitcoin under management by the end of 2021.

In a conversation with MicroStrategy CEO Michael Saylor during the firm’s WORLD.NOW event aimed at helping corporations understand the advantages of Bitcoin, the CEO of the digital asset management firm highlights his firm’s rapid growth over the past year.

ADVERTISEMENT

Not only has the firm’s institutional client base grown exponentially in the past year, says Stevens, but the CEO also anticipates that by the close of 2021, the company’s dollar value of BTC under management will increase by over 316% in the coming year.

“A year ago we had 25 institutional clients. Today we have 280 institutional clients. We’ve got a pipeline in the onboarding process of 96, we can put 75 institutions through the pipe a month. That’s our current capacity. We’ve got over $6 billion in Bitcoin now between what’s in the door and what’s committed from institutions… By the end of the year, Michael, I am confident that we will have over $25 billion of Bitcoin. I just got this order book. I’m not guessing. I see what’s happening.”

The NYDIG founder goes on to highlight that the breadth of institutions interested in Bitcoin is wide and all-encompassing. Stevens asserts that institutions not only want to own Bitcoin, but want to expand its use-cases for their companies possibly even allowing employees to be paid in Bitcoin.

“All kinds of institutions are adopting Bitcoin… the most conservative but also the most sophisticated and most careful investors in the world… and these institutions want to do more than just own Bitcoin.

Within a year America, is going to be able to get a portion of their income annuities paid in Bitcoin. Americans are going to be able to get a portion of their salaries in Bitcoin… There is going to be an explosion in Bitcoin-driven financial innovation.”

As for the risks involved for clients in adopting Bitcoin, Stevens believes that not only are the chances of Bitcoin going to zero extremely low, but that it has an unbeatable asymmetric upside.

“We are risk managers and what you’re talking about here with Bitcoin is an extraordinarily asymmetric upside asset and we can debate whether it’s good or bad, but I think we can’t debate the asymmetric upside to it. It’s perhaps the most asymmetric potential right tale asset in the world in history.” 

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

ADVERTISEMENT


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Kseniya Ivashkevich

Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$48,758.00
$48,758.00
4.28%
Ethereum
$1,537.62
$1,537.62
5.33%
Binance Coin
$225.74
$225.74
3.56%
Polkadot
$33.47
$33.47
2.94%
Cardano
$1.16
$1.16
8.98%
XRP
$0.457360
$0.457360
1.85%
ADVERTISEMENT

Spotlight

  • Crypto Trader Lark Davis Lists Top Six Altcoins To Buy in March
    February 28, 2021
  • Real Vision Tackles Altcoin Market, Analyzes Crypto Portfolio Construction Beyond Bitcoin and Ethereum
    March 4, 2021
  • Cathie Wood Says Janet Yellen Doesn’t Understand Cryptocurrency, Bitcoin Far More Energy Efficient Than Gold
    March 1, 2021
  • Analyst Who Called Bitcoin and Crypto Correction Says Market Gearing Up To Explode – Here’s His Timeline
    March 5, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.