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NYDIG’s Robby Gutmann Predicts Bitcoin Milestone Announcements

Robby Gutmann stands as the CEO of the NYDIG Bitcoin investment firm, and he is convinced that the world is on the brink of Bitcoin […]

The post NYDIG’s Robby Gutmann Predicts Bitcoin Milestone Announcements first appeared on Blockchain Consultants.

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Robby Gutmann stands as the CEO of the NYDIG Bitcoin investment firm, and he is convinced that the world is on the brink of Bitcoin adoption.

Heralding Big Announcements From NYDIG Partners

The man, the co-founder of Stone Ridge asset manager with $10 billion in AUM, gave this opinion on the 15th of March, 2021, within the “On The Brink” podcast. In his speculation, Gutmann warned that the coming weeks will see an array of announcements from the various strategic partners of NYDIG, ones that will change the traditional financial landscape to an amazing degree.

He warned that this all will start next week, give or take a few days, stating that “game-changing” milestones will be announced by some of these firms.

It was on the 8th of March, 2021, when NYDIG had finished its growth capital round of $200 million. This round was led by an array of heavyweight finance firms, such as New York Life, Morgan Stanley, Soros Fund Management, MassMutual, as well as FS Investments. Other notables on the list of NYDIG partners include fintech firms, such as Nymbys, Kasasa, as well as Moven.

Promising Greater BTC Access For The Public

Of course, Gutmann couldn’t give the public everything, and refrained from name-dropping which partners would make these absolute game-changing announcements. He did, however, hint that the upcoming bits of news will primarily involve the public gaining greater levels of access to Bitcoins, alongside various other services and products in that vein.

Now, it should be noted that partner firms of NYDIG get access to its “Corporate Treasury” product, which itself is a veritable suite of purpose-built treasury solutions that allow corporations to hold Bitcoin effectively.

Innovations On Multiple Fronts

Gutmann warned that the announcements in question will each show new points in terms of availability, adoption, and products and services based around Bitcoin, integrating it within the traditional financial landscape at large.

It was just last month when NYDIG had submitted the paperwork it needed to the US Securities and Exchange Commission. This paperwork saw the firm apply to launch a brand new exchange-traded fund (ETF) based on Bitcoin, which is the latest innovation within the US crypto space.

Time will tell how effective these proposed sweeping changes will be to the traditional financial landscape, as Gutmann claims. Either way, mainstream adoption of cryptocurrencies will always be a good thing for the crypto space at large.

NYDIG’s Robby Gutmann Predicts Bitcoin Milestone Announcements

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Co-founder of Argo Blockchain to launch its Initial Public Offering 

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Co-founder of Bitcoin mining company Argo Blockchain is all set to launch the Initial Public Offering (IPO) of the new crypto company, which will focus on decentralized finance. The company announcement intended to float on the Aquis Stock Exchange Growth Market. The announcement was made by the Chief Executive Mike Edwards told Financial News, in London on 19th April. 

Argo Launches the Initial Public Offering

Edwards, the co-founder of Bitcoin miner Argo which floated in London in 2018 at 16p a share. The shares are now trading at 163p, boosted by the explosion in the bitcoin price over the last year.

The aim is to raise approximately £10m before expenses in a float that will value the company at approximately £25m. Aiming to place 200 million shares at 5p each through Novum Securities, the company’s corporate adviser, and joint broker alongside Tennyson Securities. The first dealings in the shares are expected to commence at the end of this month.

Based on the theory that resembles the Argo, Dispersion aims to give investors exposure to cryptocurrencies but without the technical barriers to entry.

Invests in Non-Fungible Tokens

According to a statement from Edward, “Dispersion would adopt a portfolio approach, investing in the infrastructure underpinning the sector such as blockchain Ethereum and crypto wallets, as well as investing in early-stage fintech companies in the space.”

“We hope to create a very large, diversified portfolio that is at the earliest stages of investing in this asset class,” he added.

Edwards, who also holds the position of director of NFT Investments, raised £35m to invest in non-fungible tokens which were listed on Aquis on 16 April. The Non-Fungible market is booming as the physical markets for collectibles such as art, music, film, and TV boost.

Further being on the position of the co-founder of Guild Esports, floated in London at 8p per share in October, with shares now trading at 6p.

READ  Argo Blockchain Mines Record Number of Bitcoin in First Quarter

#[initial public offering] IPO #Argo Blockchain #Non-fungible tokens (NFT)

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Source: https://www.cryptoknowmics.com/news/co-founder-of-argo-blockchain-to-launch-its-initial-public-offering

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