Finance forum: Bitcoin

Bitcoin is based on blockchain computer technology and is the most famous cryptocurrency in the world. It was created in 2009 by the mysterious techno-financial engineer Satoshi Nakamoto. Since then, it’s seen rapid worldwide expansion and, most importantly, exponential rate growth up to thousands of dollars. Yet even though it’s possible to buy bitcoins legally, no valid currency exchange status has been set for the cryptocurrency.

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Cryptocurrencies as part of a modern defensive strategy

Posted on 12.04.2021

Cryptocurrencies can form an integral part of alternative defensive portfolios, especially in times when fixed income isn’t attractive enough for many investors. The opinion was shared by Vimal Gor, head of bond, income, and defensive strategies at Pendal Group. He added that government bonds simply aren’t effective anymore due to lower yields and cryptocurrencies are the ‘smart’ addition to any defensive portfolio. The main reason for Vimal Gor’s opinion is th ...

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The challenges of regulating cryptocurrency

Posted on 26.03.2021

The recent surge in Bitcoin’s price has once again raised the question of regulation. In a world where crypto assets are leading innovation in the technology sector, regulators are having a hard time implementing regulatory measures to protect the public from the associated risks. Rising interest Tesla recently placed a 1.5 billion dollar bet on the cryptocurrency, the news of which sent Bitcoin’s valuation soaring past 1 trillion dollars. The price settled down afterward but the r ...

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Bitcoin will become a key element of the modern portfolio

Posted on 23.03.2021

Portfolio diversification has long been a hot talking point among investors and advisors. With the arrival of digital assets, in particular Bitcoin, traditional diversification strategies have been challenged once again. Should Bitcoin be considered a necessary, key component of your or your client’s portfolio? This question has sparked wide, complex debate.  Problems with FIAT The pandemic and the resulting economic crash forced many governments around the world to print more curre ...

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Is intrinsic or subjective value a better measure of Bitcoin’s worth?

Posted on 12.03.2021

There are many critics of Bitcoin who claim it has no intrinsic value. However, there are two sides to every coin and defenders backing the cryptocurrency like to think otherwise. This argument may make investors with significant exposure to Bitcoin a bit jittery, to say the least.  What are the views of leading economists? Famed economist Steven Hanke, who is affiliated with the Johns Hopkins University, recently tweeted that Bitcoin is a highly speculative asset whose fundamental value ...

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Bitcoin hits 2-week high amid growing institutional interest

Posted on 10.03.2021

Institutional investor interest in Bitcoin continues to grow as the cryptocurrency touched the $54,000 level, marking a two-week high on Tuesday. Its rival coin Ether also saw a spike in price, extending a 2-day rally in the Bloomberg Galaxy Crypto Index to over 13%. What’s driving the price up? Interest in these cryptos has been steadily increasing as large investment funds continue pouring money into the space. Goldman Sachs recently stated it was working to restart its crypto trading ...

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What are the Pros and Cons of Cryptocurrencies?

Posted on 02.03.2021

Bitcoin is in the news again thanks to its skyrocketing price. In the last quarter of 2020 alone, it gained over 160%. This has been well complemented by increased acceptance from payment platforms like PayPal and Square. More recently, Tesla CEO Elon Musk announced the company had purchased Bitcoins with some of the cash it was holding. You may by now be considering whether investing in Bitcoin is the right move for you. Let’s take a look at some of the pros and cons of cryptocurrencies: ...

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A Bitcoin ETF in the Works?

Posted on 19.02.2021

Bitcoin enthusiasts received some welcome news earlier this week when Jeff Kilburg, CEO of KKM Financial, shared some positive news regarding a Bitcoin ETF. So far, at least ten different companies have tried to file and gain approval for a Bitcoin ETF. All of them have been denied by the SEC. The reasons provided are either security concerns or the immaturity of the market to accept such a product. Bitcoin has recently received a lot of interest from around the world, which has helped it gain ...

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The “Musk Effect”: Bitcoin Soars 14% on Tesla CEO’s Twitter Mention

Posted on 08.02.2021

Every time Elon Musk tweets about a random company, its share price goes wild. Most recently, Bitcoin surged 10.2% to $36,901 following one of Musk’s “random” Twitter mentions. The big question on everyone’s mind, now, is whether these seemingly lighthearted tweets are helpful or harmful and what can or should be done about it. Noteworthy tweets It all began earlier this month when messaging app Whatsapp stated that it was going to change their ...

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