• Home
  • About
  • Contact
  • Privacy
  • Terms
  • DCMA
  • Sitemap
  • Submit
Regional Posts
No Result
View All Result
  • News
    • Sports
    • Politics
  • Business
    • Crypto
    • Marketing
  • Lifestyle
    • Entertainment
    • Fashion
    • Food
  • Tech
    • Gaming
    • Gadgets
  • Science
  • Health
  • Travel
  • World
Regional Posts
  • News
    • Sports
    • Politics
  • Business
    • Crypto
    • Marketing
  • Lifestyle
    • Entertainment
    • Fashion
    • Food
  • Tech
    • Gaming
    • Gadgets
  • Science
  • Health
  • Travel
  • World
No Result
View All Result
Regional Posts
No Result
View All Result
Home Crypto

Brazilian Asset Manager Kinea Makes Exploratory Investment in Ethereum – Bitcoin News

by Staff Writer
October 19, 2021
in Crypto
0
Kinea
549
SHARES
3.7k
VIEWS
Share on FacebookShare on Twitter

One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum. The announcement was made by Marco Aurélio Freire, manager of funds for Kinea, who stated the company had invested a small amount of its holdings in ethereum starting two months ago. Kinea, the investment arm of Banco Itau, has more than R$56 billion (about $10.2B) in assets under management.

READ ALSO

On-chain data flashes Bitcoin buy signals, but the bottom could be under $20K

Study Shows the United States Is Home to 41% of the NFT Companies Worldwide – Bitcoin News

Kinea Looks Into Crypto Investments

Kinea, one of the leading asset managers in Brazil, has made an exploratory investment in the cryptocurrency world. The company, which has a vast amount of assets under management, chose to invest in ethereum instead of in the most popular choice, bitcoin. Marco Aurélio Freire, manager of the funds of the company, declared to local media the investment was made two months ago. Freire did not disclose the amount of the investment but did say it was a small amount to test the market.

Freire believes in the role of cryptocurrencies as a necessary asset to diversify portfolios. He stated:

I see cryptocurrencies as a secular trend in which it is worth having an exposure.

This seems to align with his beliefs about the current situation in Brazil and the necessity of international diversification of investments. Crypto assets can support investors in diversifying their portfolios.


Ethereum vs. Bitcoin

For many, the election of Kinea could be strange in a world dominated by bitcoin investments at an institutional level. Freire justified this choice by stating that, while bitcoin was the kickstarter of the decentralized finance world, other currencies also have many interesting things to offer. Freire stressed:

People generally confuse cryptocurrencies with bitcoin, but there is much more to the cryptocurrency market than just bitcoin.

In this sense, Freire pointed to the recent success that NFTs (non-fungible tokens) have experienced, and how this success has reinvigorated the collectible and sports markets. Managers from Kinea had already declared that bitcoin, being the first cryptocurrency, had a relatively simple design. However, other cryptocurrencies came to refine the concept that bitcoin founded, addressing problems like scalability and environmental impact. Kinea managers stated:

We believe that more developed currencies and protocols should be more attractive to investors.

And in retrospect, Kinea’s investment has done pretty well. Two months ago, on August 18, the price of Ether was $3,184. Now, the crypto asset is worth $3,855 at the time of writing.

What do you think about Kinea’s ethereum investment? Tell us in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



RF2 – Source by news.bitcoin.com

Share220Tweet137
Previous Post

Sister Parish Rises Again, in a Pop-Up

Next Post

Games Can Show Us How to Enact Justice in the Metaverse

Related Posts

On-chain data flashes Bitcoin buy signals, but the bottom could be under $20K
Crypto

On-chain data flashes Bitcoin buy signals, but the bottom could be under $20K

May 28, 2022
Study Shows the United States Is Home to 41% of the NFT Companies Worldwide
Crypto

Study Shows the United States Is Home to 41% of the NFT Companies Worldwide – Bitcoin News

May 28, 2022
Cryptocurrency
Crypto

Cryptocurrency Mining Chip Producer Nvidia Reports Significant Profits After Decline

May 27, 2022
SWIFT probably won't exist in 5 years: Mastercard CEO
Crypto

SWIFT probably won’t exist in 5 years: Mastercard CEO

May 26, 2022
‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal
Crypto

‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal

May 26, 2022
Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price
Crypto

Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price

May 25, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

5 Email Templates For a Performance Management Process

5 Email Templates For a Performance Management Process

November 1, 2021
Florida Tik Tok star Damaury Mikula, 18, was arrested on Friday after he led Pasco County Police on a 100-mile-per-hour high speed chase

Florida TikTok star, 18, is arrested provoking police into high speed chase

November 1, 2021
The Best New Podcasts Coming in 2022

The Best New Podcasts Coming in 2022

December 30, 2021
sex

How To Increase Male And Female Sexual Desire

November 26, 2021
cyberbullying legal consequences

5 Ways to Report Cyberbullying

June 18, 2021

EDITOR'S PICK

Steve Schmidt Speaks Out And Shatters The Myth Of John McCain

Steve Schmidt Speaks Out And Shatters The Myth Of John McCain

May 9, 2022
Spencer Charnas Describes the 'Fun' Part About Ice Nine Kills

Spencer Charnas Describes the ‘Fun’ Part About Ice Nine Kills

February 24, 2022
What to Know About 2022 World Cup Travel to Qatar

What to Know About 2022 World Cup Travel to Qatar

April 15, 2022
DiagramOfTentacleCellThingy

Your Cells Have Weird ‘Tentacles’ That Help Them Move Around. Here’s How They Work

March 28, 2022

About

REGIONAL POSTS Web Magazine is an online magazine covering international news, politics, technology, health, education, and much more.Read More.

Follow Us

Submit a News | Write For Us

Feel free to contact us for submission queries. via contact form or email us at : [email protected]

  • Home
  • About
  • Contact
  • Privacy
  • Terms
  • DCMA
  • Sitemap
  • Submit

© 2021 Regionalposts.com

No Result
View All Result
  • News
    • Sports
    • Politics
  • Business
    • Crypto
    • Marketing
  • Lifestyle
    • Entertainment
    • Fashion
    • Food
  • Tech
    • Gaming
    • Gadgets
  • Science
  • Health
  • Travel
  • World

© 2021 Regionalposts.com