Topic: [2019-06-04] Analytical Firm Calls Bitcoin "King of the Assets Class Hill" (Read 124 times)
June 06, 2019, 10:41:40 PM
Things are looking rosy and excited for bitcoin and even other top alts, that is if you take an eye bird's view of the whole digital asset industry. I am sure that this analysis has not failed to attract many fund managers and that is why even with the current dip things are still so positive with bitcoin in comparison with other investment vehicles like gold, stocks, oil and other commodities.
June 04, 2019, 02:56:37 AM
Analytical firm Delphi Digital has called bitcoin (BTC) the "King of the Assets Class Hill" due to the coin’s outperformance in recent months, the Next Web reported on June 3.
Delphi Digital based its commentary on bitcoin’s returns for four straight months, especially given that bitcoin’s performance comes at a time when traditional risk assets continue to face selling pressure.
According to Delphi Digital, investors have been driven to leave riskier positions for "safe haven assets" amidst waning sentiment for economic growth in 2019 and United States–China trade war controversy, although bitcoin has still outperformed conventional assets, including gold and oil.
https://cointelegraph.com/news/analytical-firm-calls-bitcoin-king-of-the-assets-class-hill
Delphi Digital based its commentary on bitcoin’s returns for four straight months, especially given that bitcoin’s performance comes at a time when traditional risk assets continue to face selling pressure.
Quote
"May’s outperformance has been especially important given the broader weakness across many other asset classes."
According to Delphi Digital, investors have been driven to leave riskier positions for "safe haven assets" amidst waning sentiment for economic growth in 2019 and United States–China trade war controversy, although bitcoin has still outperformed conventional assets, including gold and oil.
Quote
"Contrary to its recent history, bitcoin has remained largely unaffected by the sell-off in risk assets, though expectations for market volatility are trending higher. It is still too early to claim victory yet, but BTC’s uncorrelated nature has so far proved true."
https://cointelegraph.com/news/analytical-firm-calls-bitcoin-king-of-the-assets-class-hill
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