The first half of 2019 will soon come to an end. Almost five months Bitcoin managed to show very good growth dynamics. Especially compared to the stock market. While the stock market grew by only 12 percent during the aforementioned period, the main cryptocurrency could bring more than 111 percent of the profits.
Recall, that Bitcoin may become your “rescue” during the next financial crisis which will greatly affect the condition of traditional financial assets. Today BTC is trading at $ 7998, over the past day, the value of the coin is almost not changed.
Great noticed a trend the CEO of Morgan Creek Digital Anthony Pompliano.
Stocks are up 12% in 2019.
Bitcoin is up 111% in 2019.#GetOffZero and get in the game. ?
— Pomp ? (@APompliano) May 24, 2019
Only at the end of April, Bitcoin was able to gain $ 2,000 in value. Chief analyst, eToro’s Mati Greenspan predicts even more growth in the future.
At this stage, a small movement in the price of $ 200 can easily lead to pump another $ 2000.
The remaining assets of the stock market remain relatively stable. Over the last couple of days the top 10 coins by market capitalization were not significantly more expensive. Apparently, market players expect penetration annual maximum value of Bitcoin.
Bitcoin is better than stock
A couple of days ago managing Director of Morgan Creek Capital’s mark Yusko called crypto-currency, the best option is to diversify a traditional investment portfolio. Recall, even if you prefer to play the stock market, Bitcoin should be at least 1 percent of your total capital.
In addition, in the long term, cryptocurrency can bring much more profits than stocks. BTC is the most stable asset industry, so captainvalor it needs to be the main stake during the investment in projects on the blockchain.
The crisis is closer than you think
During an interview with CNBC Yusko mentioned the growing concern among analysts traditional markets. The Federal reserve system of the United States came close to yet another reduction in interest rates on loans. According to Yusko, this fact is a clear sign of the weakness of the economy.
Hedge fund vet @MarkYusko says bitcoin is a better bet than stocks. pic.twitter.com/mbnwGJUmNi
— CNBC”s Fast Money (@CNBCFastMoney) May 22, 2019
As the dollar is the main currency of the world, any problems in the United States have a very significant impact on the economic welfare of other countries. There is a real danger of repeating the scenario of 2008, when the global financial crisis has dealt a serious blow to all industries of the world.
Do not fall victim to the tyranny of bankers who invest in Bitcoin and subscribe to our cryptcat.
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