You may excited to read this – Is 2020 a Good Year for Bitcoin Investors? Cryptos like Bitcoin could multiply your money
The ever-growing crypto market could be a potential market that can be relied upon.The growing capitalization of the crypto market and the Defi market indicates the shift of the focus of the investors from the other investment options.
Bitcoin, the largest and the primitive cryptocurrency is considered as the most favored crypto of all time.Due to its huge market capitalization and more than half of the market dominance, Bitcoin is expected to reach $20000 by this year-end and $100K shortly.
You may also want to read – ‘Bitcoin is Indestructible like Gold’ – Max Kaiser
Currently, the Bitcoin is trading at $11730 with a positive change of 0.42 percent.The currency has rallied more than 50 percent from the start of 2020.Therefore pretty good returns are expected if invested in the cryptos like Bitcoin.Bitcoin Price | CoinMarketCap
In fact, as per Anthony Pompliano (aka Pomp), Bitcoin has served as one of the best Safe Havens during the Global crises.In his series of recent Twitter threads, he explains that the value of Bitcoin is up almost 70 percent year to date.
2/ Bitcoin not only eventually recovered, but it is up about 70% year-to-date.Bitcoin has actually been the best performer out of the inflation-hedge assets.This means you could argue that Bitcoin has actually served as THE BEST safe haven asset during this crisis.— Pomp 🌪 (@APompliano) August 19, 2020
One of the key reasons why Bitcoin’s price might go up soon is ‘its limited supply’.On the other side, this currency had emerged during the 2008 economic crisis and has successfully survived over a decade’s journey.In fact, the token is valued more than the other traditional investment options in just a decade.
Also know – Pomp said “Warren Buffett Basically Loves Bitcoin” Traditional Assets like Gold a Potential Option
Gold, one of the precious metals which is in use from the primitive civilizations is one of the most trusted investment modes.Currently, Gold is trading at $1935 which had recently crossed $2000/ounce.
Unfortunately could not maintain and dipped below the mark.However, currently, it is very close to $2000/ounce and is expected to gain much more ahead.
Gold investment has caught worldwide attention, especially when the Oracle of Omaha, Warren Buffett dumped Bank Stakes for Gold.He recently eliminated his positions in Goldman Sachs and invested in a Canadian Gold mining company.This move is speculated to assist in the surge in gold prices.
Also, the craze ascended even more with the fact that in the early 1980s when Buffett purchased 3500tons of silver, it then rallied over 84 percent before the bubble burst.
Certainly with the fact that people across the world follow Buffett’s investment advice.That said, a similar scenario is expected with gold when Buffett has invested in Gold now.Silver to Outperform Gold – Predicts Analyst
On the other hand, silver is always clubbed with other precious metals like Gold.The investors consider holding silver just like Gold that might assist in the time of crisis.Moreover, a large share of the total production is used for industrial purposes which are often related to the state economy.
Silverworks both precious metal and base metal.It has always supported uncertainty revolving during the global trade war, Brexit, and recently, COVID-19.
However, one can go in two ways to invest in silver.Either purchase a physical silver like coins or bars from the banks or jewelry shop Or invest in silver futures or e-silver through commodity market or exchanges like MCX, NCDEX, etc.
While Gold soared over 32 percent this year, highs that weren’t seen since 1979, on the other side, Silver prices shoot up over 30 percent year to date.In fact, Deutsche Bank’s commodities and foreign exchange strategist, Michael Hsueh expected Silver to outperform Gold.
Given the severe global crises, which assets are you choosing as Safe Havens to Invest? What’s your stake on investment in Bitcoin, Gold or Silver.! Write to us at Tags.
