Published On: Mon, Aug 28th, 2017

This Major Gold Investor is Entering the Bitcoin Market

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One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.
From Gold To Bitcoin
VanEck is one of the biggest investment and asset management firms in the United States. The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.
The company is currently offering more than 50 different exchange-traded funds(ETF) for pension funds, banks, and endowments. Currently, VanEck’s main investment tool is gold but now it appears that it’s going to “dive” into the Bitcoin market.
The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.
In a recent article,  Morgan Stanley believes that Bitcoin might still be too immature to serve as an inflation hedge and that gold is a better investment. In the article Morgan Stanley …

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