Bitcoin’s role in global markets has become clear amidst rising tension between the US and North Korea. Investors have started to include Bitcoin in their portfolios as a safe haven asset, due to its immutability to economic uncertainty and the instability of global markets.
Analysts including InvestFeed CEO Ron Chernesky and Jeff Rosenberg, fixed income strategist at Blackrock, a US-based investment management company with over $5.7 tln in assets under management, noted that the intensified conflict between the US and North Korea has led to equity markets sell-off and ultimately to mid-term economic uncertainty.
As a result, more investors are transferring funds into cryptocurrencies. Chernesky explained that a rapidly rising number of investors and traders have begun to shift their focus towards Bitcoin as a safe haven asset and long-term investment.
“We’re seeing investors transferring their funds into cryptocurrencies as they try to diversify their risk in case of a severe downturn in the market. The space has gone from niche to more widely adopted with one of the main draws being that cryptocurrencies are seen as less correlated with other assets.”
Today, it is difficult to argue that the Bitcoin and cryptocurrencies industries are niche markets, mostly because of the cryptocurrency market’s staggering $139 bln market cap and a daily trading volume of $5.6 bln. Through strictly regulated Bitcoin exchanges and trading platforms, verified investors and traders can obtain high liquidity.
Already, investment banks including Goldman Sachs and JPMorgan along with multi-billion dollar investment firms such as Fidelity have started to encourage their clients, investors and portfolio managers to consider investing in Bitcoin and cryptocurrencies, considering the market’s growthand exponential increase in global adoption.
Many analysts and financial data companies such as Bloomberg have
attributed the success of Bitcoin’s recent rally to its growing adoption as digital gold or safe haven asset.
Seeking shelter in Bitcoin
Earlier this month, almost immediately after US President Donald Trump made his aggressive “fire and fury” comments while addressing the North Korean issue, trading volume of Ethereum increased by $2.6 bln. In South Korea, Ethereum has become more popular amongst traders, mostly because of their beliefs that they had missed Bitcoin’s previous rallies.
Across Asia, demand towards Bitcoin surged along with Ethereum, as Bitcoin price went on to set new all-time highs and enter the $4,200 region for the first time in history.
Investors and traders are seeking shelter in Bitcoin and other cryptocurrencies such as Ethereum, with Bitcoin being embraced as a safe haven asset and digital gold. As more institutional investors and large-scale traders continue to seek Bitcoin in periods of financial instability and global economic uncertainty, the value of Bitcoin and the cryptocurrency market will consistently rise.
Want to know how to build a fortune in Bitcoin without risk?
You could become very wealthy in 2019… we will show you how, but you have to make a decision.
On January 21, 2017 1BTC was $917USD and today, January 21, 2019 1BTC is $3,524USD!
For those of you still procrastinating, what the heck are you waiting for?
It’s less than $170 to join today only .048 BTC…
…We will show you how to make over $2,000 with no additional money out of pocket in 48 hours! Take Action Now!
Take a look for yourself! We will show you haw to become your own bank!
7 Day Trial… No credit card required…
Join Now! It’s the easiest way to get involved in the fastest growing financial opportunity of your lifetime!
After your 7 day free trial, you can decide to become a lifetime club member for only .048 BTC (never have to pay another dollar from your pocket again).
In less than 30 days we made more than 10x more bitcoin than we paid to join the club!
This is your chance to get on board with an elite group of bitcoin millionaires. <Join Now>
You have absolutely nothing to lose
*All Members start at 0.048 BTC (Level 1)
You’ll want to purchase 0.050 BTC
You can participate on multiple levels once your are activated.