Invesco, a $1.9T asset manager, has announced the appointment of Kathleen Wrynn as its main crypto ETF manager.
Former JP Morgan veteran, Wrynn is tasked with organizing Invesco’s digital asset strategy and managing its portfolio.
According to an Invesco statement, the company has $1.6 billion in digital asset ETFs under management, including three Blockchain and Crypto Ecosystem ETFs and three Global Spot Cryptocurrency ETFs. In her new role, Wrynn will be expected to:
‘Will work closely with the global technology organization to identify and lead opportunities to leverage blockchain technology, such as initiatives to tokenize our funds and integrate digital assets into our investment strategies.’
Invesco’s move is the latest in a flood of indications suggesting surging institutional investors’ adoption of cryptocurrency.
This appears to be the year Wall Street finally embraces crypto with open arms, and hints that the future for Bitcoin is one of accelerated growth and scarcity.
All evidence indicates Bitcoin is rapidly becoming seen as a luxury asset.
No wonder companies, institutions, and even countries are stacking Bitcoin at an accelerated pace. The global financial system is anything but stable right now.
The trend is explained, at least partly, by a decrease in Bitcoin’s volatility over the last cycles, which appeals to long-term investors, including governments.
This strengthens the idea that Bitcoin is becoming a luxury asset, with actors like Strategy virtually gatekeeping access to an increasingly more valuable and scarce asset.
As the main contributor to Bitcoin’s scarcity, this again puts Michael Saylor’s Strategy in the spotlight.
According to Adam Livingston, $BTC analyst and author of ‘The Bitcoin Age and the Great Harvest,’ with an average 2,087 bitcoins bought per day, Strategy is acquiring four times the Bitcoin that miners can produce (450 per day).
In his view, this positions Strategy at the heart of the current scarcity curve, stating that ‘Strategy is synthetically halving Bitcoin and will set the cost of capital for the next 100 years.’
What does this all mean? According to Livingston, this means that, in a few years’ time:
‘Access to Bitcoin will require paying a premium. Lending against Bitcoin will cost more. Borrowing Bitcoin will become a luxury business reserved for nation-states and corporate whales. Strategy will control the bottleneck.’
But why is everyone else stacking Bitcoin?
But why?
Bitcoin has even surpassed gold in terms of growth rate, despite the 10:1 market cap difference.
All in all, there’s little doubt that Bitcoin is the future of finance and is set to overtake fiat currencies in terms of stability, market trust, and inevitably, market cap.
But all’s not well on the OG blockchain
Despite its success, the Bitcoin blockchain isn’t without its faults.
The Bitcoin protocol currently faces issues like:
While there’s no easy fix on the horizon, several solutions have been proposed and tested to address some of these problems, but none have done so conclusively.
But is there hope that Bitcoin will become better on all fronts?
Bitcoin Hyper is the latest solution that promises to tackle some of Bitcoin’s problems like poor scalability, subpar transaction speeds, and high network costs.
At up to 7 transactions per second, Bitcoin is lagging behind the needs of modern financial systems, but Bitcoin Hyper aims to change that.
Bitcoin Hyper works on Bitcoin’s most pressing issues without impacting its security or brand trust, which recommends it as a viable Layer 2 solution.
You can get in at a low $0.011925 right now and hold on for a chart boom post-launch.
If Bitcoin Hyper is successfully implemented and maintains investor interest, we could see $HYPER go as high as $0.90 by the end of 2030, or even higher. If that happens, you’re looking at an ROI of 7,447% if you buy today.
Bitcoin Hyper also offers a dynamic APY of 551% for a staking pool of over 95M, which is almost 5% of the total supply in just the first month of presale.
Bitcoin is not only the future, but the now.
As always, don’t take this as financial advice. Do your own research (DYOR) and invest wisely.
