Bitcoin broke through $21,000 hours after breaking $20,000. Bitcoin should be worth about $400,000 says Guggenheim Fund's Scott Minerd. One River Digital Asset Management has commitments that will bring its holdings of Bitcoin and Ether to about $1 billion as of early 2021. Ruffer investment allocated 2.5% of more-than $20B portfolio to Bitcoin in November.

SC Ventures, the innovation and ventures unit of Standard Chartered, and Northern Trust, a leading provider of asset servicing, have entered into an agreement to launch Zodia Custody, an institutional-grade custody solution for cryptocurrencies. Tech venture capitalist Marc Andreessen and Cisco veteran Kelly Kramer were named to the Coinbase board of directors as full members, the cryptocurrency exchange.

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