Hedge Fund Plans $500 Million Bitcoin Buy
THE GUGGENHEIM PARTNERS FUND, VALUED AT $200 BILLION, IS POISED TO INVEST HALF A BILLION INTO BITCOIN In a letter to the SEC Guggenheim reserves to right to invest up to 10% of its portfolio in Bitcoin. The current explosion in the Bitcoin price is largely driven by the massive movement of mainstream investment companies into crypto currency, specifically Bitcoin. The day is rapidly coming when they will hold 90% of it and will stabilize its price I believe. Until that happens the price will continue to soar.