Bitcoin investment set to surge

Bitcoin investment set to surge

Business
July 29, 2020 by baris
374
Bitcoin is set to surge this week, securing its safe-haven status as U.S. –China tensions escalate, affirms the CEO of one of the world’s largest independent financial advisory and fintech organizations. The comments from Nigel Green, the chief executive and founder of the $12bn finance giant deVere Group comes as the price of Bitcoin rallied
Bitcoin-investment-set-to-surge.jpg


Bitcoin is set to surge this week, securing its safe-haven status as U.S. –China tensions escalate, affirms the CEO of one of the world’s largest independent financial advisory and fintech organizations.

The comments from Nigel Green, the chief executive and founder of the $12bn finance giant deVere Group comes as the price of Bitcoin rallied past $10,000 on Monday.

Mr Green says: “Bitcoin, the largest and most influential cryptocurrency, shot past the key $10,000 resistance marker – all eyes are now on the critical $10,500 level.

“Established Bitcoin bulls and new crypto investors could make this happen this week as tensions heightened between the U.S. and China, the world’s two biggest economies.

“Investors are flocking to safe-haven assets, in particular those not tied to any specific country, such as Bitcoin and gold, the latter of which hit record price highs on Monday.”

The gains come as Washington last week closed China’s consulate in Houston, and in response prompted Beijing to shut down the U.S. consulate in Chengdu.

“Bitcoin is currently realising its reputation as a form of digital gold. Up to now, gold has been known as the ultimate safe-haven asset, but Bitcoin – which shares its key characteristics of being a store of value and scarcity – could potentially knock gold from its long-held position in the future as the world becomes ever-more tech-driven,” says Mr Green.

He continued, by speaking of how the bickering between the United States and China will encourage investors to look to currencies such as bitcoin:

“Geopolitical issues, such as the U.S.-China spat, will prompt many savvy investors to increase exposure to decentralized, non-sovereign, secure digital currencies, including Bitcoin, to shield them from the turbulence taking place in traditional markets.”

The deVere CEO concludes: “Cryptocurrencies are widely regarded as the future of money – yet what is less reported upon is that Bitcoin and its peers are increasingly regarded a safe haven in the present.”


More about Irish Tech News and Business Showcase here.

FYI the ROI for you is => Irish Tech News now gets over 1.5 million monthly views, and up to 900k monthly unique visitors, from over 160 countries. We have over 860,000 relevant followers on Twitter on our various accounts & were recently described as Ireland’s leading online tech news site and Ireland’s answer to TechCrunch, so we can offer you a good audience!

Since introducing desktop notifications a short time ago, which notify readers directly in their browser of new articles being published, over 50,000 people have now signed up to receive them ensuring they are instantly kept up to date on all our latest content. Desktop notifications offer a unique method of serving content directly to verified readers and bypass the issue of content getting lost in people’s crowded news feeds.

Drop us a line if you want to be featured, guest post, suggest a possible interview or just let us know what you would like to see more of in our future articles. We’re always open to new and interesting suggestions for informative and different articles.

Contact us, by email, twitter or whatever social media works for you and hopefully, we can share your story too and reach our global audience. We are agile, responsive, quick and talented, we look forward to working with you!

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at [email protected] or on Twitter: @SimonCocking





Source

Add a comment

Do NOT follow this link or you will be banned from the site!
This website uses cookies and asks your personal data to enhance your browsing experience.