Morgan Stanley: Bitcoin is Better Than Gold in Many Aspects
Since 2016, a growing number of investors and traders have begun to adopt bitcoin as a safe haven asset or digital gold. Its fixed supply and decentralized nature have allowed bitcoin to become the perfect hedge against economic uncertainty and global markets instability.
Bitconnect previously reported that the conflict between the US and North Korea, which has intensified over the past few weeks, is fueling the demand towards bitcoin amidst equity markets sell-off
Earlier this week, Tom Price, equity strategist at the $88.9 investment banking firm Morgan Stanley, noted that bitcoin is better than gold in many aspects. It has significantly higher liquidity, transportability and better monetary policy which limits its supply.
Price emphasized that a growing number of institutional and professional investors are considering bitcoin as a viable safe haven asset and in many cases, improved hedge against economic uncertainty than gold.
More importantly, the bitcoin and cryptocurrency markets have grown to a point where Price’s statement on the trust between investors and bitcoin can no longer be considered an issue. The $140 billion market cap of cryptocurrencies demonstrate solid trust between investors and the market. Additionally, liquidity for large-scale institutional and retail investors is drastically increasing and improving, due to the efforts of conglomerates including the Chicago Board Options Exchange and leading bitcoin exchanges Gemini and Coinbase.
As a store of value, long-term investment, a safe haven asset and a digital currency, in terms of infrastructure, liquidity and transportability, some of the largest financial institutions consider bitcoin superior to gold.
Please make sure you have a piece of bitcoin and try to invest them in the long term based programs which are transparent, legit and are giving long term goals. Please reach out to me if anyone is interested in getting to know the long term plans and I will be happy to teach you step by step.
Thank you very much for reading and please drop by your feedbacks...
Santosh.
Sure, it's better than gold to me.
Sounds great @deadpresident.... It is getting bigger and bigger.... The real investment which is transparent, gives a return daily and weekly on any amount of investment done basicaly after buying bitcoins.... I am getting results daily and will be happy to show everyone my results !!
Thanks :)
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STOPStill keep in mind, the FED will keep on trying to crack it down, so always beware of sudden "bad news" about crypto orchestrated by the Federal Reserve...
I love the concept but the road is still going to be bumpy
Hello Pele, the crypto currency has been declared as a legal currency so there is no doubt that there will be any illegal money that would be accounted for or blamed as black money. It is really a fact that Bitcoin will be as it has be one of the most powerful currencies in the world soon. I understand your point and completely respect your opinion. The currency is ongoing since the start of its invention in 2009, so there is no doubt about any negative point. !! Hope this helps. Lets connect if you wish :) Thank you for your time @pele23
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