News Formal

Bitcoin as a safe haven? More a speculative bet, market players say

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Bitcoin's recent gains as stocks plummeted on U.S.-China trade tensions ref...

. A week after the U.S. president tweeted in May that he would raise tariffs, bitcoin rose 41% against a 3.8% fall in U.S. stocks.

In times of market fluctuations, investors tend to move small proportions of their portfolios to bitcoin, said Marcus Swanepoel, CEO of London-based cryptocurrency platform Luno. “If you’re wrong, you’re not losing lots of money, but if you’re right we are talking outsized returns,” said Swanepoel.FILE PHOTO: A customer purchases bitcoins sold at a tobacco shop at Rueil-Malmaison, France, January 8, 2019. REUTERS/Charles Platiau/File Photo

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Bitcoin jumps 9% to surge past $11,000 while stocks dive on trade worriesBitcoin soared 9% on Monday, performing like a safe haven asset as it edged past $11,000 for the first time since around mid-July. Don't play with Bitcoin :D Rule 1 :D
Källa: CNBC - 🏆 12. / 72 Läs mer »