A recent study released by digital assets investment firm Grayscale Investments states that Bitcoin (BTC) could be used by investors to hedge against financial instability in time of global economic uncertainty.
Citing the recent trade hostilities between the United States and China, the study pointed out that Bitcoin has outperformed traditional currencies at times like this were there is persisting economic uncertainty.
The study stated that with continued adoption, Bitcoin represents a transparent, immutable, and global form of liquidity that can provide both wealth preservation and growth opportunities.
In other words, the investment firm’s study has drawn the conclusion that bitcoin is indeed a safe haven asset where investors can invest their money to hedge against risk, especially during global economic uncertainty.
Headlines for the world of Cryptocurrencies - August 10, 2019
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- Ripple To Leverage Its Advantages According To CEO
- India Will Soon Introduce Crypto Bill On Next Parliament Session
- New Jersey To Have Its Own Blockchain Task Force
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Headlines for the world of Cryptocurrencies - August 09, 2019
- Binance U.S. Plans To List 30 Digital Assets
- BitGo Expanding Japanese Presence
- Chinese Crypto Wallet Provider ImToken Provides Insight On Local Crypto Market
- New York Bank Embraces Cryptocurrencies
- IDC Reports $16 Billion Spending On Blockchain By 2023
Headlines for the world of Cryptocurrencies - August 08, 2019
- New Tax Bill Seeks To Seek Crypto Tax Breaks
- Walmart May Face Lesser Resistance From Regulators
- Coinone Improves Its Safety Measures
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- Amazon To Put Ads Data On A Distributed Ledger Technology
