The Maelstrom Fund, spearheaded by BitMEX co-founder Arthur Hayes, has unveiled a grant program to bolster Bitcoin (CRYPTO: BTC) development.
“As loyal followers of Lord Satoshi, we are doing our part to spread the word,” Arthur Hayes, Maelstrom’s chief investment officer, stated while introducing the grant program..
Why It Matters: This grant program aligns with Hayes’ vision for Bitcoin and could further stimulate its development and adoption. Earlier this month, he argued that Bitcoin is a superior safe-haven asset compared to gold, citing its technological advantages.
Price Action: At the time of writing, Bitcoin was exchanging hands at $64,896.73, down 1.36% in the last 24 hours, according to data from Benzinga Pro.
Image via Shutterstock
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