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Wealthy Rothschilds family buy into bitcoin

Wealthy Rothschilds family buy into bitcoin

Quick take

1 minute read

  • 27 bitcoins have been bought by the Rothschild investment Corporation recently in a stock form through Grayscale’s GBTC. 
  • According to reports, they are allegedly holding $1.4 billion worth of assets with $235,000 of it now being acquired in the leading cryptocurrency.

27 bitcoins have been bought by the Rothschild investment Corporation recently in a stock form through Grayscale’s GBTC. According to reports, they are allegedly holding $1.4 billion worth of assets with $235,000 of it now being acquired in the leading cryptocurrency.

This makes them potentially the biggest banking institution in the world to purchase into the world of cryptocurrency. This purchase was more than likely done for one of their private clients with this being just one of the many private institutions owned by Rothschilds.

Interestingly, Rothschilds has also previously looked into the potential of releasing their own initial coin offering. As one of the biggest and richest families on Earth, this will be proving to be very interesting for the crypto industry. 

Even though Rothschilds is seemingly getting involved with the industry this year, the Rockefellers, another prominent and wealthy family in America has been investing in the crypto and Blockchain industry for two years now since 2018. 

The co-founder of Ethereum, Vitalik Buterin got involved in the topic and asked the question “are the Rothschilds remotely as powerful and coordinated as the conspiracy theorists seem to believe, or are they just a group of old money socialites and all that other stuff is over height?“

Eventually, he said himself that “they are just people born into various old-money-type high society positions, and the theories that they are anything beyond that are fairly baseless.”

Given the wealth of the Rothschilds and other big prominent wealthy families in America, it is unknown as to how diverse the crypto portfolios are.



For more news on this and other crypto updates, keep it with CryptoDaily!

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