Paul Tudor Jones said Wall Street could be witnessing the historic "birthing of a store of value" through bitcoin.
Arrano Capital, which is launching the fund, also has plans to launch a second fund based on more cryptos later this year.
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Reddit, and an early investor in the Coinbase exchange, gave a statement about the matter. Read more in detail here.
Investors are widely anticipating this so-called "halving," the third in bitcoin’s 11-year history. The previous events.