Sol Strategies Inc CYFRF

Primary Symbol: C.HODL

Sol Strategies Inc. is a Canadian company focused on blockchain investments. The Company is engaged in the development of the blockchain and cryptocurrency ecosystem through its activities in the private equity and financial markets and its support for related technology innovation. Through its investments, the Company offers its shareholders exposure to Solana through its direct investing and staking activities. It makes strategic investments in the Solana ecosystem and participates in staking its SOL, thereby supporting the Solana network. It operates a validator node, responsible for verifying transactions and producing new blocks, which requires significant SOL staking. By staking SOL and running the validator, it earns rewards in additional SOL tokens based on its validators performance and the total amount staked. By staking Solana and investing in Solana-based projects and infrastructure, the Company seeks to benefit from the growth of Solana and its other investments.

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Sol Strategies Inc

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Post by Bradwaiton Dec 17, 2020 4:29pm

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Post# 32130799

Bitcoin Worth $400,000, says Manager of $5.3 Billion Fund

Bitcoin worth $400K says Guggenheim's Scott Minerd - Crypto Roundup

Dec. 16, 2020 3:35 PM ETBitcoin USD (BTC-USD)By: Stephen Alpher, SA News Editor289 Comments

Bitcoin (BTC-USD) earlier today shot past $20K to a new record high nearly three years to the day after first surpassing that level. It's currently a few dollars above $20.8K.
Scott Minerd is the chief investment officer for Guggenheim Investments and manager of the $5.3B Guggenheim Macro Opportunities Fund (GIOIX, GIOAX). They made news last month with a rule change which would allow the fund to put up to 10% of its net asset value in the Grayscale Bitcoin Trust (GBTC). Speaking to Bloomberg's Tom Keene today, Minerd says his team's fundamental work suggests Bitcoin should be worth $400K.
To say that raised an eyebrow on Tom Keene is putting it lightly, but Minerd says his analysis is based on scarcity and relative valuation to things like gold. Bloomberg quickly threw things over to Jay Powell's conference, which touched upon things like the Fed's role with respect to climate change, its opinion on herd immunity, and, of course, endless QE. $400K Bitcoin, or the business of modern central banking - we'll leave it to you to decide which is crazier.
Meanwhile, another hedge fund whale has emerged as One River Asset Management's Eric Peters expects to have about $1B invested in Bitcoin and Ether (ETH-USD) by early next year. One River is partly backed by Brevan Howard co-founder Alan Howard, who has been a fan of crypto for a couple of years. Peters: "There is going to be a generational allocation to this new asset class ... The flows have only just begun."