May 02, · Due to the recent strong correlation with the stock markets, there is considerable reason to believe that Bitcoin might follow the stock market sentiments as well. However, Mati Greenspan, financial and crypto analyst noted in his newsletter, Well, maybe not. Over the last 48 hours or so, we’ve seen a few rather encouraging moments of decoupling. Oct 14, · Amid the chaos of , it's not just tech stocks that have been a pleasant surprise. The most popular and valuable cryptocurrency on the planet, bitcoin, ended . Oct 27, · Yesterday, stocks fell ~2% across the board amid new worries about Covid infection rates and staled stimulus talks. However, amidst a sea of red for stocks, bitcoin Author: Christopher Brookins.
Is bitcoin sold on the stock market'Sell in May and Go Away,' Will Bitcoin Respond to Old Stock Market Adage?
Well, maybe not. Moreover, the fundamentals around Bitcoin and the stock markets are sides of opposite poles. Post Bitcoin halving, the stock-to-flow model suggest that it will become even scarcer than gold.
Moreover, he also noted that in days after the halving, the markets can expect a nice run-up. Gold or Stock Markets? Which asset will Bitcoin price reciprocate with in next three quarters on ? Please share your views with us. All Rights Reserved. Search for:. Price Analysis. ICO Review. The issue with the most popular cryptocurrency is twofold. First, there's a scarcity-versus-utility problem. Since a substantive percentage of outstanding tokens are held by investors who have no intention of using their coins to make purchases, the utility of bitcoin as a purveyor of digital transactions is quite low.
Since programming is all that keeps bitcoin's token limit at 21 million, this could be overridden in the future. Thus, bitcoin either has limited utility or scarcity -- not both. The other issue I have with bitcoin is that fiat currencies are being tested in conjunction with blockchain.
The real value in crypto technology is in the underlying blockchain, not the token itself. Since buying into bitcoin gives folks no ownership of the blockchain, investors are, arguably, buying into the wrong asset. Instead of buying bitcoin, here are three considerably smarter stocks to buy with your hard-earned money. Square's longest-running operating segment, and the one most folks are going to be familiar with, is its seller ecosystem.
Square has been supplying point-of-sale devices and analytics to small businesses for the past eight years. However, the long-term growth driver for Square is peer-to-peer digital payment platform Cash App.
Cash Card is a traditional debit-card that links to a users' Cash App balance. While Cash App does collect merchant fees and expedited transfer fees from its users, it's especially popular for bitcoin exchange and investment.
If you want to put your money to work in a company with a bright future and exposure to bitcoin, Square is it. Sea gives investors access to Southeastern Asia , which remains a largely underbanked region of the world, yet is experiencing a windfall of growth from a burgeoning middle class throughout the region.
To date, Sea's gaming division has been its breadwinner. But the dominance of digital entertainment won't be long-lived for Sea Limited -- and that's actually a good thing for investors. The far more exciting operating segment for the company is its Shopee e-commerce platform. Without question, the pandemic played a role in bolstering online orders throughout Southeastern Asia.
MasterCard Stock MA Just as the companies mentioned above, MasterCard also upholds blockchain, an innovation with disruptive potential for its part of business, for quite a while.
Glance Technologies GLNNF Glance Technologies is a functioning player in the digital currency biological system as they officially possess and work the Glance Pay streamlined installment framework. Riot Blockchain, Inc. RIOT Established in July of , this organization was intended to give investment administrations to the blockchain biological system.