Topic: Bitcoin a Good Buy if Trade Tension Persists, Admits Wall Street Skeptic (Read 113 times)
June 08, 2019, 02:13:16 AM
This time we are, bitcoin remain one of the assets to invest in! The man said he is used bitcoin for “signal and not that he wanted to hold it but he will hold Gold as alternate” I think he is not telling us what he is doing with his money and not only us but the whole world that he doesn’t not want to said how good bitcoin is now for investment.
June 07, 2019, 10:57:25 AM
By CCN: The frequently volatile stock market provides rare hideouts for investors but one of them could be bitcoin, according to Mr. Peter Boockvar of Bleakley Advisory Group.
The chief investment officer said this week that a sharp rise in bitcoin price indicated that investors were unsure about the Federal Reserve’s stance on interest rate cuts, as well as about the outcome of an ongoing trade war between the US and China that kept buying sentiment weaker in both the Western and Asian stock markets.
“I watch bitcoin as a signal, not because I want to own it because I’d rather hold gold as an alternative currency,” Mr. Boockvar told CNBC, adding that the yellow metal price leaped to levels not witnessed in more than a year soon after the bitcoin price rally.
The chief investment officer said this week that a sharp rise in bitcoin price indicated that investors were unsure about the Federal Reserve’s stance on interest rate cuts, as well as about the outcome of an ongoing trade war between the US and China that kept buying sentiment weaker in both the Western and Asian stock markets.
“I watch bitcoin as a signal, not because I want to own it because I’d rather hold gold as an alternative currency,” Mr. Boockvar told CNBC, adding that the yellow metal price leaped to levels not witnessed in more than a year soon after the bitcoin price rally.
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