An unprecedented rush had driven the crypto-currency Bitcoin in front of one and a half years, up to $ 20,000. After the crash of the digital currency by the end of 2018, the market now seems to be back on the upswing.
The upward spikes in the Bitcoin price over the past few weeks, much larger. The thousands of brands fell almost daily, at the end of may 2019, the Bitcoin has stabilised course of nearly 9000 dollars. Although this is still less than half the Peak level of around $ 20,000, the on 17. December 2017, was reached. However, this record was achieved only for a very short period of time.
For the price increase of Bitcoin and most other crypto-currencies in the past few weeks, there are, according to experts, a whole range of reasons. Up – to-date Buying patterns of investors, but also long-term changes that could make the “Kryptos” an integral part of the international financial and payment systems.
for More course information to Bitcoin in US dollars
retailers are paving the way
Because of the increasing acceptance of Bitcoin as a form of payment or transaction system is first. Large corporations, particularly in the United States have approved the most important crypto-currency in the meantime, for the direct or indirect Pay, such as Starbucks, Microsoft or the retailer Whole Foods or Gamestop.
in addition, the speculation that drives mainly on a new “asset class” crypto-currencies, the prices at the moment more and more. Institutional investors include large investors such as insurance companies or Fund management companies as well as Family Offices to wealthy private clients for investment opportunities.
investors want new asset class
The U.S. Fund management company Fidelity, for example, one of the largest private money managers in the world, has recently announced its intention to make the Bitcoin for these clients. Previously, brokers such as ETrade or Robinhood had announced similar plans. According to a recent study, every second institutional investor is considering an entry into the crypto market. The beginning of may, Facebook said even to work on a payment system that is based on a cryptographic solution.
The attractiveness for investors results mainly from two reasons. For a “non-correlated” the price of Bitcoin with the development of the classic Asset classes, such as equities, bonds or commodities. On the other, the world of Kryptos is independent of the “paper currencies”, which are moved by political crisis or the monetary policy of the Central banks. Also, this property makes the cyber currencies as “admixture” in a large, diversified Portfolio interesting.
futures contracts and ETF’s?
there are currently more investment instruments, with which professionals, but also private investors in Bitcoin can invest in. In addition to the direct opportunities to purchase at one of the many trading places the Coins directly, have several U.S. futures exchanges Futures, i.e. futures contracts on the Bitcoin in the offer.
the hope of an ETF, an index Fund on the Bitcoin still exists. The U.S. securities and exchange Commission SEC has not suspended applications multiple Fund providers, so far, a clear decision “against” the Bitcoin ETFs but there are also. This possibility of investment in the crypto world should be created soon, this is likely to represent a kind of dam burst, a much higher Bitcoin rates would be due to the higher demand is then possible.
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source: boerse.ard.de
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