Sunday, March 7, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Bitcoin has ‘upside’ but still considered a ‘risky investment’

2 weeks ago
in investors
3 min read
Bitcoin has ‘upside’ but still considered a ‘risky investment’
Share on FacebookShare on Twitter


The survey found one-in-three crypto investors made their first investment in Bitcoin or other virtual currencies after the stockmarket plummeted in early 2020, as fears for the economic consequences of containment of the virus were at their greatest.

Caroline Bowler, chief executive of BTC Markets, says only a year ago major investors tended to be males aged 24-45. However, there has been a shift to include a much broader investor group, including early retirees, high-net-worth individuals and institutional investors.

If consumers invest in these types of products, they should be prepared to lose all their money.

Britain’s Financial Conduct Authority

“There is an increasing understanding that cryptocurrencies are here for the longer term as part of digital assets more broadly,” Bowler says. “This is not an asset class that can be written off any longer and it is worth the time to become more educated and understand what it is all about.”

The survey found that while Bitcoin traders are still a dominant force, more people are holding it as a long-term store of wealth. About a quarter of those holding crypto earn more than $100,000 a year.

However, Bitcoin going mainstream does raise a question of whether some people are stumping up money they cannot afford to lose, given cryptocurrency prices are notoriously volatile.

Loading

Just a year ago, Bitcoin was trading at about $US10,000. Price swings of 5-10 per cent in a single day are not uncommon.

In January, Britain’s Financial Conduct Authority delivered a stern warning that investing in crypto assets, or products linked to them, “generally involves taking very high risks with investors’ money”.

“If consumers invest in these types of products, they should be prepared to lose all their money”, the authority said.

Related articles

Suze Vs. Janet On Bitcoin

Suze Vs. Janet On Bitcoin

March 7, 2021
Cryptocurrencies or Stocks? Here’s What I’m Buying (and Why) | The Motley Fool

Cryptocurrencies or Stocks? Here’s What I’m Buying (and Why) | The Motley Fool

March 6, 2021

However, Henrik Andersson, co-founder and chief investment officer at Apollo Capital, a specialist crypto assets fund manager, says Bitcoin is powering the next generation of computing infrastructure.

“Crypto is central to the rollout of rapidly growing decentralised finance markets – alternative financial infrastructures that are powered by blockchain [technology],” he says.

Investors in Apollo’s two crypto funds are ultra-high net worth families and institutional investors who typically put only a small slice of their investment portfolios into crypto assets, Andersson says.

Though the “upside” is huge, the risks are very real, he says. “I don’t think anyone should be in cryptocurrencies unless they can afford to lose money,” he says.

Andersson does not think Bitcoin will “ever go to zero” but it would likely continue to be an “extremely volatile and risky investment”.

Loading

He says despite the talk of Bitcoin becoming “digital gold”, the capitalisation of the Bitcoin market is very small compared to that of the yellow metal and its volatility would need to decrease before it could compete with money as a major medium of exchange.

Michael McCarthy,…



Read more:Bitcoin has ‘upside’ but still considered a ‘risky investment’

Tags: Bitcoinbitcoin news todayConsideredInvestmentriskyUpside

Related Posts

Suze Vs. Janet On Bitcoin

Suze Vs. Janet On Bitcoin

by Bitcoin Market
March 7, 2021
0

Treasury Secretary Janet Yellen has been sounding the alarms about bitcoin NEW YORK, NEW YORK - FEBRUARY 24: (EXCLUSIVE...

Cryptocurrencies or Stocks? Here’s What I’m Buying (and Why) | The Motley Fool

Cryptocurrencies or Stocks? Here’s What I’m Buying (and Why) | The Motley Fool

by Bitcoin Market
March 6, 2021
0

Before we get any further down this asset-class struggle -- pitting crypto against Wall Street -- I want to...

Bitcoin Isn’t Acting Like an Inflation Hedge. Gold Isn’t Either.

Bitcoin Isn’t Acting Like an Inflation Hedge. Gold Isn’t Either.

by Bitcoin Market
March 6, 2021
0

Text size Dreamstime The debate over whether Bitcoin is a speculative asset or an inflation hedge has been put...

Rich investors are buying Bitcoin amid recent price correction

Rich investors are buying Bitcoin amid recent price correction

by Bitcoin Market
March 5, 2021
0

Bitcoin recently gained significant global attention, as the richest man in the world, Elon Musk, invested 1.5 billion USD...

Cryptocurrencies are attractive as a ‘small part’ of any portfolio, George Ball says

Cryptocurrencies are attractive as a ‘small part’ of any portfolio, George Ball says

by Bitcoin Market
March 5, 2021
0

R.Tsubin/Getty Images CEO of investment firmSanders Morris Harris, George Ball, said cryptocurrencies are "attractive" as a part of any...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
North America’s first bitcoin ETF launches in Canada today

North America’s first bitcoin ETF launches in Canada today

February 18, 2021
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Suze Orman: Why ‘I love bitcoin’

Suze Orman: Why ‘I love bitcoin’

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Suze Orman: Why ‘I love bitcoin’

Suze Orman: Why ‘I love bitcoin’

March 7, 2021
India May Allow Experiments In Crypto Instead Of Ban, Says FM Sitharaman

India May Allow Experiments In Crypto Instead Of Ban, Says FM Sitharaman

March 7, 2021
JPMorgan Sends Its Private Clients a Primer on Crypto

JPMorgan Sends Its Private Clients a Primer on Crypto

March 7, 2021
Contango And Over Collateralization

Contango And Over Collateralization

March 7, 2021
Suze Vs. Janet On Bitcoin

Suze Vs. Janet On Bitcoin

March 7, 2021
Operation Hidden Treasure Is Here. If You Have Unreported Crypto, Get Legal Advice

Operation Hidden Treasure Is Here. If You Have Unreported Crypto, Get Legal Advice

March 7, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$50,914.005.51%
  • bitcoin-cashBitcoin Cash(BCH)$512.023.06%
  • binance-coinBinance Coin(BNB)$242.697.37%
  • bitcoin-goldBitcoin Gold(BTG)$29.425.31%
  • bitcoin-privateBitcoin Private(BTCP)$0.34510.24%
  • blocktixBlocktix(TIX)$0.0140.00%