JP Morgan Analyst: “Bitcoin Isn’t that Great of a Hedge Option Against US Stock Losses”

2019-1-31 02:00

As many of our readers may already know, one of the most prevalent arguments that have been made time and time again in favour of BTC is that the alt-currency is a “much better SOV (Store of Value) than traditional hedges such as gold”.

However, according to John Normand, head of cross-asset strategy with JPMorgan Chase & Co, that argument is not only flawed but also intrinsically broken. To elaborate on his stance, Normand stated that “during the 10 worst monthly performances for the S&P 500”, the world’s premier crypto asset was able to generate positive returns for only three of those months.

The above-mentioned statistics have been compiled from information collected from Bloomberg and JPMorgan.

More on the Matter

On the matter, Normand then went on to say that Bitcoin had been unsuccessful in serving as a haven for the S&P 500's 10-worst months since 2010. If that wasn't enough, the world’s largest crypto asset by total market cap also posted losses that were “atleast two times worse than the index on four other occasions”. These figures when compared to those of gold are quite shocking— especially since the precious metal was positive seven times during the same time period.

Lastly, it is also worth noting that during a recent media appearance, Normand went on record to state the following:

“Bitcoin’s correlation over the past year with all other markets has been near zero, which would seem to position it better than the yen or gold for hedging purposes. Low correlations have little value if the hedge asset itself is in a bear market, however.”

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Chronobank (TIME) íà Currencies.ru

$ 18.27 (+4.42%)
Îáúåì 24H $1.035m
Èçìåíåèÿ 24h: 24.59 %, 7d: 16.91 %
Cåãîäíÿ L: $15.89 - H: $19.14
Êàïèòàëèçàöèÿ $12.976m Rank 934
Öåíà â ÷àñ íîâîñòè $ 2.0209 (804.05%)

time store value traditional much btc favour

time store → Ðåçóëüòàòîâ: 97


Ôîòî:

A Bug Making Ethereum Transactions on Exchanges Vulnerable Has Been Fixed

A bug centering around a new Ethereum token, GasToken, which was enabling abuse on cryptocurrency exchanges, appears to have been resolved. The details are provided in a report originally published on November 13, 2018, that discussed how the bug was exploited by attackers, and what digital platforms could do if they wished to protect their hot wallet funds.

2018-11-22 00:34


Ôîòî:

KPMG: Cryptocurrency Still Far Away From a Store of Value

When Moon? Not soon according to the talking heads at KPMG.  Bitcoin and other cryptocurrencies will require a bit more time before they truly function as a reliable store-of-value. We Ain’t There Yet, Says KPMG Whereas in August, KPMG reported that the blockchain industry was maturing and moving beyond experimentation, the latest study authored by KPMG, says Bitcoin and other cryptocurrencies will require a bit more time before they truly function as a reliable store-of-value.

2018-11-19 10:00


Ôîòî:

Fake Mobile Cryptocurrency Wallet Apps Found on Google Play Store

A recent discovery shows the presence of phony cryptocurrency wallets found on the Google Play Store. The fight against malicious apps seems not to be ending any time soon. Fake Wallets: The Latest Scheme by Cryptocurrency Thieves According to The Next Web, European cybersecurity researcher, Lukas Stefanko, discovered that four fake virtual currency apps claimed […] The post Fake Mobile Cryptocurrency Wallet Apps Found on Google Play Store appeared first on Ethereum World News.

2018-11-15 22:10


Ôîòî:

The Scanmarker Air Scanner lets you scan notes and save them to your phone or computer— and now, it’s $30 off

The Scanmarker Air Wireless OCR Pen Scanner brings note-taking into the 21st century with a truly innovative concept that’ll instantly change how you compile and store information. And with this limited time offer from TNW Deals, you can knock $30 off the price of this digital highlighter, bring it down to just $89.

2018-10-22 17:00