The rich want to invest in Bitcoin

2020-12-7 18:28

The wealthy class is showing more interest in Bitcoin

Bitcoin has grown to become an attractive investment option over the years. The cryptocurrency is now even more compelling among the rich who are looking to purchase it. Celebrities from the entertainment industry, billionaires and renowned traders are all actively trying to get a piece of the dominant crypto whose appeal as a portfolio asset is growing by the day.

Its effectiveness as a portfolio asset has made it a hard to overlook option in the eyes of high-net-worth as well as institutional investors. But as the demand for the cryptocurrency is noticeably growing among institutional investors, its supply is declining. Not long ago, there were reports of a shortage of Bitcoin in the market. This was after PayPal and Square acquired large numbers of the cryptocurrency.

The leading crypto can afford portfolio protection from rising inflation similar to that of traditional safer assets like precious metals. However, there exists a potential for a rapid increase in value since bitcoin is even now considered a store of value that is still at a developing stage.

Analysts seem to agree that Bitcoin’s efficiency as a portfolio asset stems from its safe-haven characteristics. These characteristics are not only distinctive but also beneficial. For instance, the supply of BTC is capped at 21 million. This makes it safe from huge central bank liquidity injections.

However, it also falls short in a few other aspects. Case in point, its market capital is only a fraction of the market capital of gold, a common store of value. As of 3 December, bitcoin had a market cap of 350 billion. Gold, on the other hand, has a market capital exceeding 9 trillion – which is about 25 times more than Bitcoin’s.

In August, Anthony Pompliano posted a tweet that read, “Bitcoin’s market cap will surpass gold’s market cap by Dec 31, 2029. Posting this as a receipt for the future”. By this, he meant that Bitcoin would have a greater market cap than gold at that time. This is, however, just a prediction at the moment, and only time will tell how the two will perform.

The post The rich want to invest in Bitcoin appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68731.13 (-0.06%)
Объем 24H $41.879b
Изменеия 24h: -0.08 %, 7d: -3.37 %
Cегодня L: $66916.68 - H: $68910.37
Капитализация $1359.364b Rank 1
Цена в час новости $ 19041.43 (260.96%)

bitcoin invest want rich journal coin wealthy

Источник: coinjournal.net

bitcoin invest → Результатов: 126


Фото:

Poll: 8% of Americans Invest in Cryptocurrency

Bitcoin (BTC)–A poll released by the analytics firm Harris Insights earlier in the month has revealed that roughly 8 percent of American adults are invested in cryptocurrency. While this number pales in comparison to a similar Gallup poll figure conducted in 2016, which found about 52 percent of Americans own stock, it does show a […] The post Poll: 8% of Americans Invest in Cryptocurrency appeared first on Ethereum World News.

2018-8-29 01:33


Wolf Of Wall Street Claims Bitcoin Is Vanishing Soon, How Possible?

Jordan Belfort, a former Wall Street scammer now an author has pounced on bitcoin saying those investing in it have been brainwashed. In an interview with CNBC, Belfort who had spent 22 months in jail for scamming customers said bitcoin still thrives only because more investors have been “brainwashed” to invest in it, stressing that […] The post Wolf Of Wall Street Claims Bitcoin Is Vanishing Soon, How Possible? appeared first on ZyCrypto.

2018-8-28 17:48


Фото:

Institutional Investors Are Ready For Bitcoin

Professional services firm Deloitte are alleged to have completed a new research project into blockchain investment from their clients within the Technology and Media industries. The bottom line of the research is that these institutions are ready to invest in blockchain technologies, a readiness that could in turn inspire major institutional investment into cryptocurrency and blockchain projects such as Bitcoin.

2018-8-28 17:30


Фото:

Roger Ver: Bitcoin Cash (BCH) Is “The Best From An Investment Standpoint”

For the better part of a decade, Bitcoin (BTC) has sat at the forefront of the cryptocurrency industry, continually proving itself that it is a reliable project to invest your time and money in. But for proponents of Bitcoin Cash, the crypto that spawned out of August 2017’s hard fork of the Bitcoin chain, BCH […] The post Roger Ver: Bitcoin Cash (BCH) Is “The Best From An Investment Standpoint” appeared first on Ethereum World News.

2018-8-28 03:24


Фото:

Исследование: только 36 из 100 крупнейших по капитализации монет имеют «рабочий продукт»

Из ста крупнейших по капитализации монет только 36 действительно представляют собой «рабочий продукт», который обеспечивает им реальную стоимость. Об этом говорится в исследовании аналитической компании Invest in Blockchain, которое приводит Bitcoin.

2018-8-19 17:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Биткоину 16 лет: первая криптовалюта в мире отмечает юбилей

Не верится, что Биткоину сегодня исполняется 16 лет! Так, 31 октября 2008 года был опубликован White Paper BTC. Этот день навсегда запечатлен в истории как момент, когда Сатоши Накамото — кем бы он ни был — создал концепцию независимой цифровой валюты.

Bhutan moves $66M to Binance, cashes in on Bitcoin’s climb above $70k

Blockchain data shows that Bhutan’s government recently transferred over $66 million in Bitcoin to Binance. Data from the blockchain analytical platform Arkham Intelligence showed that the Bhutan government-labelled address initiated three transfers out of its balance within four hours.

Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k?

Bitcoin Dogs rose 30% in two weeks before paring gains. Bitcoin price is back above $68,000 after last week’s slip halted bulls’ momentum. With BTC regaining control above $68k, could this spark Bitcoin Dogs price? New upside momentum has pushed Bitcoin (BTC) above $68,500 following last week’s sharp decline that saw bears reject movement above […] The post Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k? appeared first on CoinJournal.

Bitcoin наращивает свои позиции в Азии

Японская инвестиционная компания Metaplanet теперь владеет более 1 000 BTC. И по словам генерального директора Саймона Геровича, это сделало Metaplanet самым крупным корпоративным держателем BTC в Азии.