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Galaxy Digital, a venture capital firm, goes bullish on Bitcoin and advertises it worldwide with a full-page ad in the Financial Times.

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Galaxy Digital, a venture capital firm, goes bullish on Bitcoin and advertises it worldwide with a full-page ad in the Financial Times.

The digital currency investment institution Galaxy Digital, known as the Goldman Sachs of the cryptocurrency world, has placed a full-page Bitcoin advertisement in The Financial Times today. In contrast to the recent criticized video released by Grayscale Investments, the cryptocurrency community and Bitcoin enthusiasts are very satisfied with Galaxy Digital's full-page advertisement.

Now is the time to invest in bitcoin.

An advertisement boldly states, "Now is the time to invest in Bitcoin," with the subtitle emphasizing that "in times of turmoil, Bitcoin is a hedge unaffected by world powers."

Full-page advertisement in the Financial Times (Source: @barrysilbert)

The advertisement positions Bitcoin's "immutable code," "fixed total supply," and "scarcity" as natural characteristics for hedging risks, countering uncertainties such as economic turmoil and inflation risks arising from helicopter money policies adopted by various governments.

Furthermore, the text mentions Bitcoin's past meteoric rise, with its growth outpacing most mainstream financial assets over the past decade. With a daily circulation of approximately 78,000 copies, the Financial Times is expected to bring significant attention to Bitcoin once again.

Grayscale Investments' New Ad Sparks Displeasure

Cryptocurrency investment firm Grayscale Investments released a new advertisement for its crypto funds on the 10th, which sparked discontent within the crypto community. The main reason for this dissatisfaction was that the majority of the ad featured fiat currency visuals, with a brief mention of their own cryptocurrency fund products towards the end.

Grayscale's ad has angered many, with most users finding the message conveyed in the ad very vague. The crypto community is puzzled as to why Bitcoin was not mentioned in the ad, and even renowned gold bull and Bitcoin critic Peter Schiff chimed in, stating that the ad referenced a series of fiat currencies but omitted gold. He emphasized:

This ad is wrong. The concept of money predates the existence of currency. #Gold was money early on, later used as a reserve to issue paper money, but today's fiat money has nothing backing it, just like #Bitcoin.

Although we are gradually seeing traditional financial institutions getting involved with Bitcoin and even bullish on it, Galaxy CEO Mike Novogratz recently stated in an interview with CNBC that Bitcoin and gold will continue to rise this year, with Bitcoin expected to reach its historical high of $20,000 by the end of the year.

However, despite Novogratz's position as a fund institution CEO, a former partner at Goldman Sachs, and an early professional trader in forex and emerging markets research, he made similar claims last year, stating that Bitcoin would reach $20,000 by the end of 2019. Yet, in December of last year, Bitcoin was not even close to $8,000, proving that investors still need to form their own opinions regarding market trends.