Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Bloomberg reports that the Indian digital loan market seems to be an attractive bait for companies ranging from Facebook Inc (NASDAQ:FB) to Xiaomi Corp (OTC:XIACY).
- Boston Consulting Group projects the market to reach $1 trillion in the five years since 2019, subject to impending government regulations.
- Facebook announced its small business loan program ranging from ₹500,000 ($6,720) - ₹5 million with collateral-free interest rates of 17%-20%. Xiaomi also teamed up with Indian banks and digital lending startups to offer loans, credit cards, and insurance products.
- European investment firm Prosus NV's (OTC:PROSF) (OTC:PROSY) PayU unit recently agreed to acquire Indian online payments service BillDesk for ₹345 billion ($4.7 billion). The deal aims to create a digital payments powerhouse with a total volume of $147 billion, reaching an investment of over $10 billion in the country.
- Amazon.com Inc (NASDAQ:AMZN) also recently participated in a $40 million round by fintech startup Smallcase Technologies Pvt.
- Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google collaborated with small Indian lenders for opening time deposits after successfully offering wealth management products on its Google Pay platform.
- Price Action: FB shares traded lower by 0.36% at $379.30 in the premarket session on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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