The Bitcoin Investment Trust Shares have increased 10-fold in value in the last twelve months, gaining more than 80 percent in the last three months alone. More recently, Bitcoin rallied on growing tensions in Asia. Keep abreast of significant corporate, financial and political developments around the world. And President Maduro had been trying to fend off capital flight from the ailing Venezuelan economy. To begin with, they raise the prospect of war, which undermines the demand for regional currencies like the yen, the yuan, and the won, and boosts demand for Bitcoin. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Try full access for 4 weeksBitcoin Is The New Gold Share to email Opinions expressed by Forbes Contributors are their own. And central banks continue to hold interest rates at near zero levels. Choose the subscription that is right for you Purchase a Digital Trial subscription for Not sure which package to choose.
Bitcoin Is The New Gold Share to email Opinions expressed by Forbes Contributors are their own. com 8/30/2017 Apparently, Bitcoin is more popular than gold among investors, as a hedge against rising global uncertainties. Prime Minister Modi and President Maduro have very little in common -- except they have pursued policies late last year that replaced large notes in circulation with new notes (India) or with coins (Venezuela). North Korean dictator Kim Jong-un is launching missiles over Japan. Prime Minister Modi had been trying to fight corruption, a widespread problem in India bitcoin article in times of india. China is trying to write its own navigation rules in South China Sea. That could explain why Bitcoin trade in Asian currencies counts for most of the Bitcoin global trade volume. Tensions in Asia boost the value of digital currency in a couple of ways. Renewed Korean Peninsula and South China Sea tensions, for instance, pushed Bitcoin past $4,500.
Early in 2016, for instance, the digital currency rally has coincided with India and Venezuelaâs efforts to get rid of old currency notes. Once, gold was the hedge against uncertainty, the asset where investors could park their cash in times of political and economic turmoil bitcoin article in times of india. 68 percent in the last twelve months and up 3.Steem.. Growing mistrust of national currencies, following dubious government policies, has pushed people into Bitcoin. Simply put, when the first missile flies, either intentionally or accidentally, investors would rather hold Bitcoin than any regional currency. Page Close Subscribe to the FT to read: Financial Times Bitcoin feeding frenzy fuelled by 15 times leverage, says exchange Make informed decisions. Now Bitcoin is taking its place, as evidenced by the performance of the two assets in recent months. .Storj.