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Bitcoin performs better than a billionaire's wallet
Important News, Bitcoin better than Warren Buffet
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Table of Content
In today edition we talk about
BTC better than Warren Baffet
DeFi Technologies Launches Core Chain Validator and Stakes $100M in Bitcoin
Ripple Labs Completes Acquisition of Standard Custody
Bitcoin Outperforms Warren Buffett's Portfolio
Since its debut in 2011, Bitcoin has achieved an average annual return of about 104%, far surpassing the returns of Warren Buffett's portfolio and the U.S. stock market.
Key Points:
Bitcoin's compound annual growth rate (CAGR) is significantly higher than the 10.03% CAGR of Warren Buffett's portfolio.
Buffett's portfolio, which includes holdings like Apple and Coca-Cola, is known for steady growth and lower risk compared to the U.S. stock market.
Despite its lower volatility, Buffett's investment strategy focuses on long-term value and strong, stable companies.
DeFi Technologies Launches Core Chain Validator and Stakes $100M in Bitcoin
DeFi Technologies is launching a validator node on Core Chain and staking nearly $100 million in Bitcoin. The company will earn rewards for validating transactions through its subsidiary Valour. This initiative bridges traditional finance with blockchain technology, offering investors exposure to yield and growth in the digital asset space.
Key Points:
DeFi Technologies will stake 1,498 BTC on Core Chain.
Investors receive rewards in CORE tokens, which are reinvested.
Core Chain’s blockchain uses 50% of BTC mining hash power for security.
More than 2,800 BTC are already staked on Core Chain, excluding the new stake from DeFi Technologies.
Ripple Labs Completes Acquisition of Standard Custody
Ripple Labs has finalized its acquisition of digital asset custodian Standard Custody as of June 11. This move supports Ripple's plans to introduce a U.S. dollar stablecoin and expand into real-world asset tokenization.
Key Points:
Standard Custody CEO Jack McDonald will also serve as Ripple's senior vice president of stablecoins.
Standard Custody's regulatory approval from the New York Department of Financial Services (NYDFS) is a significant asset in the deal.
This acquisition follows Ripple's $250 million purchase of Metaco in 2023, reflecting the growing importance of institutional crypto custody, projected to reach $10 trillion by 2030.
Other important news
Same our post on our X account
BlackRock are ready for the Solana ETF's
But me and you
WE ARE NOT READY!!
#news
— Wealth Wave - Free Newsletter (@WealthWaveNews)
4:48 PM • Jun 11, 2024
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