Faraday Future’s Crypto Strategy: What It Is and What to Expect
Faraday Future Intelligent Electric (FFAI) just dropped a bombshell with its move to invest up to $1 billion into cryptocurrencies. The company plans to kick things off with $30 million in a diversified treasury of the top 10 cryptocurrencies, excluding stablecoins (dubbed the C10 Treasury). A staggering 50% of that will be in Bitcoin and 23.7% in Ethereum. Oh, and they’re also looking at launching an ETF for this.
Clearly, they’re not the only ones. With 86% of institutional investors looking into digital assets, it seems the crypto train is leaving the station. But is this sustainable or just another bubble waiting to pop?
Shifting Tides in Institutional Demand
Institutional demand is skyrocketing and reshaping finance. A recent…
