Block.one invests $10 Billion to New Crypto Exchange - Global Bullish

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Block.one backed by Billionaire Peter Thiel is now putting its capital to work. Block.one after its introduction of EOS in 2018 that earned Block.one $4 billion has mostly stay quiet. Now out with a new investment call Global Bullish or Bullish for short will integrate standard finaincial investments mixed with Defi.

Global Bullish backed with $10 Billion

Block.one is using its war chest of close to 170k bitcoin, 20 million EOS and $100 million in cash to back Bullish which in current prices is nearly $10 Billion. EOS has jump over 50% since the start of the year but has seen lost in interest since not much development has come out of it. However the newly form exchange Global Bullish maybe signs of turning this around.

Another reason to pay attention to Global Bullish is that many prominent investors are invested in this venture.

include Hong Kong tycoon Richard Li, German entrepreneur and investor Christian Angermayer, Michael Novogratz’s Galaxy Digital, and Nomura Holdings.

Still caution is warranted since EOS has not made significant progress since its ICO while Global Bullish will apparently run of the EOS blockchain. The potential is there with the tech and investors, but can block.one and Global Bullish come out profitable with their initial stake will be a tell of things to come.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!

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6 comments
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!LUV

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Something is cooking In there.
Let’s see how this will be perceived by the lovely people here and if they will trust them.
Overall looks good.
!luv 1

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