Bitcoin (BTC) has risen recently after months of stability. In April and May, trading prices ranged from $ 9,000 to $ 10,000, with volatility dropping to a three-year low by mid-July.
The speculation behind the price action stems from the economic uncertainty caused by the COVID-19 outbreak, which coincides with record lows and an increasingly volatile stock market. The question is, will the recent bounce in the cryptocurrency reflect the start of the price spike last seen in 2017?
Bitcoin’s recent rally coincided with the rally in gold. This reinforces the view of some analysts who have long suggested that investors should treat both Bitcoin and gold as safe-haven assets during unprecedented market turmoil and volatility.
Nigel Green, founder and CEO of deVere Group – an independent financial advisory organization – said last month that “investors are flocking to safe havens, especially non-state assets like bitcoin and gold.” he added:
Bitcoin is currently realizing its reputation as a form of digital gold. Previously, gold was known as the ultimate safe haven, but Bitcoin – which shares its key characteristics as a store of value and scarcity – could replace gold from its long-standing position in the future as the world becomes more Technique. ”
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Democratizing access to safe haven investments
While the principle of investing in some of the potential safe haven assets – bitcoin, gold, or even the real estate market – is good and good, how can home investors start taking advantage of this trend?
Fortunately, in recent years, new technology platforms and applications have emerged that allow young and experienced participants the opportunity to invest in assets that are not always accessible or easy to understand.
Some well-known examples of these platforms are:
Robinhood: Robinhood is perhaps the most popular of all new investor apps, allowing users to invest in thousands of stocks for less than $ 1. Investors can allocate portfolios with parts of different companies and funds to reduce risk. Trades made during market hours are executed in real time, which means full transparency of stock prices.
● Ziglu: This challenging platform makes it easy for interested investors to immerse themselves in Bitcoin. With no hidden fees, using Ziglu is a fast and easy way to buy and sell cryptocurrencies. Cryptocurrency balances up to £ 50,000 are insured against cyber attacks.
Goldex: Goldex’s trading technology allows you to find the best deals available from the world’s first gold market in one easy-to-use application. Real-time market rates can be verified along with all aspects of your order including strike price and commission, so you know exactly what you’re getting.
● LendInvest: LendInvest describes itself as the UK’s leading real estate financing platform, providing short-term mortgage loans to brokers, landlords and developers across the UK to develop and buy rental properties using technology to create a better credit experience.
In addition to these popular digital access solutions, there are also tech platforms that people can use to invest in more exotic alternative assets like luxury handbags and racehorses.
These and many other companies have a common function of breaking down barriers to entry for the ultimate benefit of the day-to-day investor. In the case of Bitcoin, for example, our goal is for people to end up using cryptocurrencies, just like any other fiat currency.
I believe that all traditional and digital currencies should be integrated into the financial services sector. Let’s face it, accessing currency through the bank has never been easier. We believe that all currencies, including digital currencies, should be treated on an equal footing and be available on an equal footing.
Regardless of your passion – whether you feel you are making the next big profit or just have access to so-called safe havens in these uncertain times – modern technologies like cryptography and blockchain have only provided you with all the tools you need to invest in in recent years have become possible.