Financial Times chooses cryptocurrencies | "Bitcoin surpasses gold"

in Project HOPE3 years ago

Even the most important newspaper in the world dedicated to finance and investments confirms what we have been indicating for some time on news.

In fact, this time it is the Financial Times , a publication that certainly cannot be accused of being too soft with the world of crypto. The fact that he puts on the table is, now, there for all to see: Investors are ditching precious - and in particular gold - and are heading towards cryptocurrencies - particularly as hedges from inflation.

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A movement that has just started and that is likely to grow in size, exerting further pressure on purchases and prices. We can ride this new bullish wave with eToro - go here to get the free virtual account with test capital and top functionality - which offers 35+ cryptocurrencies chosen from the best, the same ones that the market is looking at when it wants to protect itself from inflation. .

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10 billion away from gold: have they arrived on the crypto market?

The analysis of the Financial Times talks about a fact that is there for all to see: despite the fact that the amount of money in circulation has increased dramatically since the Covid crisis - which led central banks to activate the presses without interruption - from the market of gold would have disappeared over 10 billion dollars . A sum that is not huge compared to the volumes of that market - but which in any case made the price static.

Which could also be normal - were it not that the markets are trying to react to inflation that is now under everyone's eyes - inflation that historically has always made gold, considered an anti-inflation asset par excellence, perform well.

With the growth of Bitcoin and other thick cryptocurrencies , such as Ethereum , the well-founded suspicion of both the FT and Bloomberg is that these shortfalls have taken the path of cryptocurrencies . And that they are therefore partly responsible for the great growth they are achieving starting from October - a month that has made it clear to everyone the arrival of inflation such as has not been seen for more than 10 years.

Many investors are already doing this, but the critical mass is yet to come

This is great news for those who already have exposure to the world of cryptocurrencies and for those who are considering starting it now. Of course, the arrival of important capital and even speculators could also exacerbate a certain price volatility - as has already happened, for example, in the last 24 hours.

However, situations that we can still exploit to our advantage with the right tools. Capital.com (go here to get a demo account that is always free and without limitations) allows you to face even violent price changes. This is because it is able to offer tools like MetaTrader 4 and TradingView - which offer technical analysis in a few clicks, trend anticipation, third party analysis and also all the tools for complex order management.

If the era of gold is over and that of cryptocurrencies is starting, we can be happy - because on News we have prepared in time for this eventuality - and we also have at our disposal, like all our readers, the tools to exploit the new bull wave that is sweeping the markets.

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 3 years ago 

Gold has always been something of great value and everyone used it to protect their capital. But nowadays that has changed, since several years ago the BTC surpassed gold, but that does not mean that you can buy gold in a physical form, it is never too much in our coffers.

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