Bitcoin is growing up. The original cryptocurrency turns 13 this year and is showing signs of becoming a more mature financial asset - but watch out for the teenage tantrums.
By contrast, that coefficient was just 0.01 in 2017-2019, according to an International Monetary Fund analysis published this month. The total assets under management of institutionally focused crypto investment products rose in 2021 from $36 billion in January to $58 billion in December, according to data provider CryptoCompare.
The drift towards mainstream finance raises broader questions in 2022 and beyond about whether bitcoin can retain its role as a diversification play and hedge against inflation. "In the current case, bitcoin is not acting as an inflation hedge. Bitcoin is acting as a risk-proxy," said Nicholas Cawley, strategist at DailyFX, based in London.
Kraken Intelligence, a research blog from cryptocurrency exchange Kraken, said that about 60per cent of all bitcoin in circulation hadn't changed hands in over one year, the highest level since December 2020.
this is the worst headline ive ever read
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin stealers: malware that raid crypto walletsHackers also target individual users to steal small amounts of cryptocurrency - so be careful!
Source: YahooSG - 🏆 3. / 71 Read more »
Best Stocks, Crypto, and ETFs to Watch – Amazon, IBM, Tesla, Bitcoin in FocusA breakdown could have a traumatic effect on new traders who have allowed ideology to overcome risk management. bitcoin is dipping deeper into the old resistance area in an effort to flip it into a new support area Weekly retest attempt still in progress _crypttoqueen is a super underrated bitcoiner I’ve been taking her tweets and tips seriously & I’ve been doing superb. Follow her.
Source: YahooSG - 🏆 3. / 71 Read more »
Best Stocks, Crypto, and ETFs to Watch – Amazon, IBM, Tesla, Bitcoin in FocusA breakdown could have a traumatic effect on new traders who have allowed ideology to overcome risk management. bitcoin is dipping deeper into the old resistance area in an effort to flip it into a new support area Weekly retest attempt still in progress _crypttoqueen is a super underrated bitcoiner I’ve been taking her tweets and tips seriously & I’ve been doing superb. Follow her.
Source: YahooSG - 🏆 3. / 71 Read more »
Bitcoin tumbles to six-month low as Ukraine conflict fears shake marketsLONDON :Bitcoin tumbled over 7per cent on Monday to its lowest in six months, as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their selloff. The largest cryptocurrency trading down 7.4per cent at $33,650, its lowest since July 24, taking losses from its all-time high of $69,000 hi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Man admits forging payslips with higher salary to get credit card to buy bitcoin, went bankruptSINGAPORE: Wanting to get a credit card with a higher limit so he could buy bitcoin, a man forged his payslips and made it seem as though he received a higher salary, tricking a bank into issuing him a credit card. Lin Mingzhong, 48, was unable to repay his credit card debts and eventually declared bankrup What a legend. danclarkie dis you? What a chad
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »