Over the last few months, various factors of uncertainty in international stock markets have repeatedly caused significant fluctuations.However, it has also been observed more frequently that the price of Bitcoin has skyrocketed in the event of a fall.However, it is still too early to talk about Bitcoin as a refuge, says an expert.
• International stock markets have recently become extremely volatile • Bitcoin prices benefit from stock market losses • Bitcoin not yet (again) the new gold
Various events in recent weeks have left global investors in suspense.Alternating escalation and relaxing signals in the US-China trade dispute, developments of the Brexit issue, the darkening of economic prospects and the continuation of protests in Hong Kong weigh heavily on the confidence of brokers in securities and have led to many ups and downs on the international stock markets.Security zones sought during troubled times
Not surprising that gold, a precious metal, considered a safe haven, enjoys great popularity again and again in this uncertain time.But that’s not all: More and more investors are now relying on cryptocurrencies to protect themselves against stock losses.This is recognizable by fluctuations in the price of bitcoin in recent months.
Often, the price jumped at that time, while market sales were massive.
But calling Nelson Minier, director of direct trading in one of Kraken’s oldest and most famous encrypted markets, is still too early to call the world’s oldest cryptocurrency the new gold medal.
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Buying Bitcoin is quite complicated and takes time.” Here you can easily buy and sell Bitcoins Bitcoin still very volatile
In an interview with Nasdaq’s TradeTalks on Twitter, Minier said: “This is one of the most volatile asset classes in the world, so we went from 10 to 800 to 10 000 [US-Dollar] However, the expert in cryptography sees the coin on the right track, as shown by the days when stock markets were under pressure: “More and more portfolio managers are joining in.And if the market is volatile, you could see the Bitcoin increase, and that did not exist before, it has always been treated as a high-risk asset class.” Bitcoin is “the holy grail of portfolio management”
Overall, Minier hopes that over time, more and more institutional investors in the cryptocurrency will be delighted: “I am always shocked that you no longer meet the portfolio managers who participate in it,” he said.declared Minier.After all, Bitcoin is part of the “holy grail” of portfolio management: “This asset class, especially Bitcoins, is disconnected from all that exists and yields are excellent.[…] He is limited.They are only 21 million, of which nearly 18 million have already been exploited […] He is liquid.This is a teenager, “said Bitcoin’s lawyer summing up the benefits that, in his opinion, will convince.
Although Bitcoin, according to Kraken’s experts, is not yet a haven of peace, other crypto-defense supporters have already proclaimed the oldest cyber-inventor of the new gold.
For example, the world’s largest digital asset manager has seen investors hedge against stock market losses via Bitcoin, and Clem Chambers, a Forbes employee, is also considering a bright future for digital gold.It remains to be seen whether the optimistic evaluation of encryption fans is really happening.
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