4 Charts Showing Why Bitcoin Is an Alternative Risk Asset

Bitcoin has long been known as a “store of value,” but is the world’s largest cryptocurrency transitioning to becoming a risk-off asset in 2022? May 5th was a bloodbath for traditional and cryptocurrency markets. On the worst day of trading since 2020, Bitcoin (BTC) dropped over 7% while the NASDAQ slipped over 5%. Many hoped for capitulation in the trade and crypto markets, and although the short-term outlook for Bitcoin looks weak, one analyst and some evidence would suggest that Bitcoin is still on course to becoming a risk-off asset.Markets are by no means maths-based or infallible,....

Is it almost time to put the bitcoin charts behind us? Price volatility is still the Achilles heel of Bitcoin right now, but the bitcoin charts have been showing a movement towards stability over the past few years. While anyone could move the market with a few hundred dollars in the early days of the cryptocurrency, it now takes a hefty chunk of cash to move the digital asset in one direction or the other. Merchants and mainstream users are still frightened by the idea of entering a young, volatile currency market, which can't really be called anything but practical. It's no secret that....

The price of Bitcoin has been somewhat stable lately with charts showing slight variances here and there over the past week. The anticipation for the upcoming halving event seems to have cryptocurrency supporters excited, while global economic events continue to show the world the benefits of the Bitcoin network. Price Charts Bode Well. The fiat value of....

It's not every day that a new asset class is born. The last time was probably a few decades ago when managed futures funds became an accepted asset class among portfolio managers. Now, alternative trading system company SecondMarket has launched The Bitcoin Investment Trust (BIT), an open-ended, private trust that is exclusively invested in bitcoin and derives its value solely from the price of bitcoin. The private investment vehicle is based in the US and open to institutional and accredited individual investors. Alternative Currency Asset Management (ACAM), a wholly-owned subsidiary of....

A recent Gallup poll has shown that the number of investors who own bitcoin has tripled since 2018. U.S. investors are showing increasing interest in the digital asset. The number which sat at 2% back in 2018 has now tripled in 2021 as that number now sits at 6%. The investors included in the poll were investors who owned $10,000 or more worth of stocks, bonds, and/or mutual bonds. Ownership among investors aged 18 to 49 had grown 10 percentage points to 13%, up 10% from just 3% back in 2018. While investors aged 50 and older, only 3% said they owned bitcoin. Compared to 1% from back in....