VanEck, the major New York City exchange-traded fund (ETF) provider with $47 billion worth of assets under management, remains confident that despite its fall from above $19,500 to its current mark near $4,000, “Bitcoin is not going away.” Bitcoin’s Hitting Singles – Not Home Runs In a note to investors Monday, the company’s Director for Digital Asset Strategy at VanEck, Gabor Gurbacs, said that rather than expecting a decisive breakthrough or big “home run” for cryptocurrencies in 2019, look for the industry to continue hitting a number of “singles” with incremental, but major hits: “With bitcoin falling from $19,500 to
The post $50 Billion VanEck: Don’t Worry – Bitcoin’s Not Going Away appeared first on CCN
source https://www.ccn.com/50-billion-vaneck-dont-worry-bitcoins-not-going-away
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