US family private equity fund explores Bitcoin prospects

FX168 News: Most Bitcoin prices fell sharply in the Asian session on Monday (March 21), far away from overnight highs.

The quotes released by BITSTAMP showed that Bitcoin/ US dollar (XBT/USD) once surged to 412 yesterday, but fell sharply to around 407 in the Asian session of this trading day.

(Bitcoin/USD time-sharing chart source: Bloomberg, FX168 Financial Network)

The quotes released by KRAKEN showed that Bitcoin/ Euro (XBT/EUR) soared above 367 yesterday, but fell sharply to around 362 in the Asian session of this trading day.

(Bitcoin/Euro time-sharing chart source: Bloomberg, FX168 Financial Network)

The quotes released by Huobi.com showed that Bitcoin/ CNY once surged to around 2688 yesterday, but fell sharply to around 2660 in the Asian session of this trading day.

(Bitcoin/RMB 30-minute chart source: Huobi.com)

Investors including American family private equity funds recently discussed whether Bitcoin is ready to enter the list of mainstream assets, with total assets of up to $100 trillion.

Myles Edwards, a representative of ultra-high net worth individuals and founder of the U.S. Family Office Private Equity Roundtable, said that his company has always paid close attention to the securities investment field, so the purpose of this meeting is to learn more about digital currency.

Myles Edwards said, “What attracted us tonight is the clear relationship and synergy between the digital world and the financial services sector. This is also the catalyst for us to enter the next era of finance.”

At 11:32 Beijing time on March 21, Bitcoin/USD was 407.46, Bitcoin/Euro was 362.07, and Bitcoin/ RMB was 2664.50.