This year is difficult for investors as major US stock indices are almost even. Energy commodities are down over 30%, and gold is down nearly 10%. Individual stocks are the most successful non-equity asset for crypto-anarchists.
Cryptocurrency Bitcoin has gained almost 37% against the US dollar since the start of the year. Since the start of the year, the cryptocurrency has traded around $313 and is now trading about $430.
In January, Bitcoin dropped as low as $175 after beginning the year with massive gains. The digital currency has been mostly moving faster from the beginning of October after a number of false starts.
During the last quarter of the year 2015, the reason behind Bitcoin’s success is quite difficult to understand
Observers said CNBC in November that stories like the Winklevoss twins when their exchange started and the Digital Currency Group when Brain and Mastercard announced funding may trigger the 70% jump in one month.
However, O’Connor claimed that the funding announcements from bitcoin-related start-ups enhanced the legitimacy and prime technology of the industries. Institutional investors compel to invest in both the digital token and the Bitcoin Investment Trust.
O’Connor added that investors are looking for investments in non-correlated asset classes. This means that financial firms frequently go to his office to learn how to exchange bitcoin. He thinks that they are mainly looking at it as a risky investment but their desire to try increases surprisingly.
According to O’Connor, another noteworthy trend in the market is the increasing interest in technology. And its low charge structure for remittance payments and everyday money in financially difficult areas.
The absence of any terrible headlines might have merely benefited Bitcoin. Cryptocurrency has discarded the cloud of failed exchange Mt. Gox, which rapidly closed in 2014 after announcing that 850,000 of its bitcoins lost.
From above $1,150 near the end of 2013 to $200 levels this January, according to Tuur Demeester, editor-in-chief of bitcoin-focused Adamant Research…. 2015 was the year of the digital asset’s demise and rise.
Demeester said that “Bubblicious” investing in 2013 resulted in Bitcoin’s fall from its peaks. Since companies turned out as highly indebted and forced into heavy selling of bitcoin, the pricing levels stayed low for a long time.
The cryptocurrency could possibly have another advantage as the right market assessment sought by new hopeful investors, according to Demeester in 2016. He also added that with bitcoin, people have to look forward to surprises.
