US-China Emphasis On The Rise Of Bitcoin From Billion Dollar Investment Company Grayscale

US-China Emphasis On The Rise Of Bitcoin From Billion Dollar Investment Company Grayscale

US-China Emphasis On The Rise Of Bitcoin From Billion Dollar Investment Company Grayscale

 

According to a June 11 report by digital asset manager Grayscale, Bitcoin rose by 47% during the trade war between the US and China, surpassing other value protection assets.

 

According to a US-based digital asset manager Grayscale’s research report on June 11th, Bitcoin outperformed traditional value preservation assets in the US-China trade war.

 

The report, which was first published in 2016, titled  Global liquidity hedge with Bitcoin, was updated with a 47% increase between 5 and 31 May. According to the report, the next best-performing asset is the Japanese Yen, up 2.1%.

In addition, many assets have been declining due to this trade dispute and continue to live. The Nasdaq Composite index showed the worst performance of global stocks during this period, down 8.7%.

Matthew Beck, the investment and research director of the company whose views are expressed in the report, commented:

 

US-China Emphasis On The Rise Of Bitcoin From Billion Dollar Investment Company Grayscale

US-China Emphasis On The Rise Of Bitcoin From Billion Dollar Investment Company Grayscale

 

 

Ine Although the decline seems to be at an early stage, Bitcoin jumps before these risks are fully reflected in other asset prices. ”

The report also draws attention to the decline in the Chinese yuan, a factor suggested by the local investor’s hesitation that triggered the rise of Bitcoin in May.

Grayscale admits that Bitcoin has such a potential, although it acknowledges that it is too early to become a hedge asset.

The report uses the following statements:

Tik We found evidence that Bitcoin as an investable asset could serve as a safe haven, even in the early stages of its life cycle, especially in global liquidity crises that led to significant currency devaluations. ”

There are also theories linking Bitcoin’s rise in May to non-political situations. According to some, the rise in May came after people’s fear of missing the opportunity after the first rise in April.

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