Value Of Bitcoin
It is very strange that there is still so much skepticism for best performing asset in the world for the last three years. The press have been keen to pick up on all the bad news associated with cryptocurrency but when it is out performing the rest of the market by hundreds of percent they stay quit. Maybe it is because a large percentage of the revenue from these newspapers comes from the banking sector or that could be a conspiracy theory.
What has happen over the last few years is that thanks to the ease of access of information online people have been self educating themselves about Bitcoin and the Blockchain. Once this knowledge is gained they understand the huge advantage and potential of this new technology they are keen to invest.
It is remarkable that large financial institutes have not yet investing in Bitcoin but we are gradually seeing a change. Japan has seen a huge serge in Blockchain business ventures since it become legal payment tender. In the U.S. the major players are still not investing but they are happy to buy high risk mortgage and car loan securities. They do this as the credit agency give the instruments a false rating to make the investors think that it is a sure bet. When the market comes crashing down again like it did in 2008, those holding toxic security investments will go bust and the ones that hold BTC will reap the rewards.
At hedge fund is designed to hedge against all financial collapses which is not what they are presently doing. If they were going to do this they would hold a percentage of their assets in Cryptocurrency and Gold. It will not be long before they are forced into the market place as if they do not they face the possibility of losing all the bad assets when the derivatives market crashes yet again.
Click the link below to read an article by ETF Daily News on institutional money and Bitcoin:
I’ve taken the liberty of preparing a projection of bitcoin’s price action going forward: You see the primary dynamic is continued skepticism from the mainstream, which owns essentially no cryptocurrency and conventionally views bitcoin and its peers as fads, scams and bubbles that will soon pop as price crashes […]