Deltec Bank Chief Investment Officer Hugo Rogers explained that the company has a large position in BTC at the moment. Deltec Bank is a company that maintains the reserves of the stable and exciting digital currency giant, and is also based in the Bahamas.
Deltec and a big niche for Bitcoin
Rogers revealed Deltec's investment in the digital currency, BTC, in a video posted on Thursday, January 14th.
After discussing Deltec's bond holdings, Rogers said:
“We have maintained a very important position in the beneficiaries of maximum liquidation, and this includes gold, and it includes other commodities as well. It also includes a large BTC position which has garnered a lot of attention lately. We bought Bitcoin for our clients for about $ 9,300, so it worked very well in 2020 and we expect it to work well in 2021 as the printing presses continue to operate. ''
As for the timing of the purchase of the BTC, it is not clear at this time. Meanwhile, market data from Coinbase showed that the bitcoin price last traded at this level in mid-July.
The currency of Alther and the controversy continues about it
The Block reported in October 2018 that Tether cryptocurrency had begun to hold reserves with Deltec. Having previously worked with Noble Bank in Puerto Rico. The bank later confirmed a letter published by digital currency Tether in November 2018 attesting to its relationship with Deltec.
The digital currency Tether banking woes began in mid-2017. When Wells Fargo - through which the digital currency Tether handle transactions in USA dollars - moved to block such activities, prompting a lawsuit that was soon withdrawn.
The digital currency has long been the subject of public controversy and accusations of fraud, driven by the claim that USD has not been fully backed by reserves and is being used to manipulate cryptocurrency prices.
In the period since the start of the NYAG lawsuit, the Tether cryptocurrency footprint has continued to grow, both in terms of the number of blockchains supporting USDT as well as the total amount of stablecoin in circulation.
A look at the BTC digital currency in trades
At the current press time, Friday, January 15th, Bitcoin has reached 38,152 USD. The digital currency rose by 3.08% over the past 24 hours. While the digital currency has decreased by 0.71% over the past 7 days.
0 Comments: