Auto Added by WPeMatico
Switzerland’s largest bank, UBS, has published guidance for clients about investing in bitcoin. The bank answers some important questions, such as whether one should buy bitcoin and other cryptocurrencies and whether bitcoin can be used to diversify portfolios. ‘Should I buy’ Bitcoin? UBS Answers UBS published a detailed report about bitcoin last week. It answers […]Powered by WPeMatico
A recent survey study reveals that more than half of U.S. investors (55%) have an interest in investing in bitcoin, a figure which is 19 percentage points higher than that of last year. This translates to a potential U.S. market of nearly 32 million bitcoin investor households. According to the study’s findings, this increase reflects […]
The post Report: 55% of US Investors Show Interest in Bitcoin Investment, Covid-19 Catalyst to Changing Preferences appeared first on Bitcoin News.
Powered by WPeMatico
The global crisis and financial market turmoil have many investors looking into whether cryptocurrencies, such as bitcoin, are a good investment for them. A Japanese analyst has predicted high institutional investor demand for bitcoin post coronavirus crisis, giving three key reasons why the cryptocurrency is an attractive investment. High Institutional Demand Expected Post Coronavirus Crisis […]
The post Is Bitcoin a Good Investment: Analyst Predicts High Institutional Demand Post Covid-19 appeared first on Bitcoin News.
Powered by WPeMatico
Grayscale Investments has announced the strongest quarter in its history. Investments into the company’s cryptocurrency products, including the flagship Grayscale Bitcoin Trust (GBTC), hit a record high in the first quarter. Of the total investment, 88% comes from institutional investors. The company now has $2.2 billion in assets under management. Also read: Bitcoin Revolution: Wanna […]
The post Investments in Grayscale Bitcoin Trust Hit Record High Amid Economic Crisis appeared first on Bitcoin News.
Powered by WPeMatico
The Bitcoin Fund, managed by 3iq, has completed an initial public offering and has begun trading on the Toronto Stock Exchange (TSX). It has been a long road for 3iq and The Bitcoin Fund since their filing was first rejected. After a hearing, a commissioner with the Ontario Securities Commission ruled in their favor. Also […]
The post The Bitcoin Fund Completes IPO, Now Trading on Canada’s Leading Stock Exchange appeared first on Bitcoin News.
Powered by WPeMatico
Gold and bitcoin markets have have attracted comparisons for some time now, with gold investors taking an interest in the cryptocurrency during the 2017 bull market. But some of these investors are now reintroducing gold to their portfolio, according to Jan Van Eck of Van Eck Associates. Also read: 8 Food Delivery Sites That Accept Cryptocurrency […]
The post Van Eck Associates CEO: Bitcoin Investors Will Add Gold This Year appeared first on Bitcoin News.
Powered by WPeMatico
Swiss online banking group, Swissquote, has benefited greatly from the addition of cryptocurrency investing to the set of services it offers, reporting a significant increase in its H1 2018 profits. The news comes while Switzerland is debating over how to keep crypto businesses in the country when the majority of Swiss banks refuse to provide […]
The post Swissquote Reports 44% Increase in Profit After Adding Crypto Services appeared first on Bitcoin News.
Powered by WPeMatico
Mohammed A. El-Erian and Roger McNamee are in agreement: as we enter the new year, the Bitcoin market is at a critical point in its development. In separate articles, both financial experts expressed their beliefs that, following a meteoric rise in 2017, the near future will define how history views Bitcoin in hindsight. Time for a New Paradigm? “ the waning days of 2017,” Mohammed A. El-Erian writes in an op-ed for Bloomberg, Bitcoin’s “market is at a crucial juncture.” A chief economic adviser at Allianz, El-Erian argues that “the market finds itself at an important juncture – perhaps even aPowered by WPeMatico
If you know how hot South Koreans are for crypto, this may not come as much of a surprise. According to a new survey, 3 out of every 10 South Korean workers have some investment experience with cryptocurrencies. Nearly 1 in 3 Invested in Cryptocurrency This Wednesday, web-based job portal Saramin published the results of a survey that included 941 salaried South Korean citizens. Saramin found that 31.3% of respondents held a position in cryptocurrency. Revealing their reasons for investing in crypto, 54.2% of the individuals surveyed believed that these investments were the fastest way to make money, and 47.8% indicated that investing small amounts of moneyPowered by WPeMatico