Week in review: Mar. 5, 2021 - Crypto At Christie's??

Digital art is taking the world by storm in the form of nonfungible tokens (NFTs) - digital collections that use blockchain technology as authentication. Famous auction house Christie's currently has a 2 week online auction for digital artwork by Beeple.

Other news, Mr. Wonderful - Shark Tank's Kevin O'Leary has finally accepted Bitcoin and institutions are making bullish bets on the #1 cryptocurrency. Could BTC rally to $75k by May? Only time will tell. Read this weeks round up.

Beeple Brings Crypto to Christie’s

NY Times: February 24, 2021 The artist’s brash riffs on the news have whipped up a frenzy of interest within the cryptocurrency scene. Mike Winkelmann never used to call himself an artist. But that was before he made $3.5 million in a single weekend from selling his artworks.

Beeple Brings Crypto to Christie’s

Decrypt: March 01, 2021

Canadian businessman Kevin O’Leary, known to fans of the investor reality show as “Mr. Wonderful,” said today he will invest 3% of his portfolio in Bitcoin despite calling the crypto asset “garbage” less than two years ago.

Grayscale Discount Might Signal Start of Fresh Bitcoin Rally, Bloomberg’s McGlone Says

CoinDesk: March 4, 2021

Bloomberg Intelligence analyst Mike McGlone, who correctly predicted bitcoin (BTC, -2.8%)‘s ascent this year to a price above $50,000, says recent market indicators suggest $100,000 could be the next threshold.

Bitcoin is at a tipping point and could become ‘currency of choice’ for global trade, Citi says

CNBC: March 2, 2021

Citi thinks bitcoin is at a “tipping point” and could one day “become the currency of choice for international trade” as companies like Tesla and PayPal warm to it and central banks explore issuing their own digital currencies.

JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

BNN Bloomberg: February 25, 2021

JPMorgan Chase & Co. is the latest Wall Street firm floating the idea of investors using Bitcoin as a way to diversify their portfolios.

Institutions Are Making Bullish Bets on Bitcoin Rallying to $75K by May – Or Even Higher

CoinDesk: March 2, 2021

Institutional traders look to be positioning for a bitcoin (BTC, -5.18%) price rally to $75,000 and beyond in coming months, according to options market data.

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ALT 5 Sigma covers fintech, blockchain, Bitcoin and cryptocurrencies bringing you the latest news and analysis on the future of money.