BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Deutsche Bank Reveals Increasing Demand for Bitcoin Over Gold

Deutsche Bank Reveals Increasing Demand for Bitcoin Over Gold
German multinational investment bank, Deutsche Bank, says more and more people are choosing Bitcoin over gold to protect their cash.
In a note from Deutsche Bank published on Zerohedge , the Frankfurt-based bank says investors are increasingly seeing Bitcoin as a legitimate store of wealth option.

Deutsche Bank research strategist Jim Reid points to Bitcoin’s recent momentum as evidence of the evolving investor behavior.
“Bitcoin is up another +3% overnight and seems to be creating momentum of its own. It’s up over 70% over the last six weeks as more and more investors are starting to see it emerge as a credible asset to invest in.”
Reid also notes that Bitcoin may be overtaking gold as the number one hedge against inflation for those looking to protect their liquid capital.
Source: Deutsche Bank
“There also seems to be an increasing demand to use Bitcoin where Gold used to be used to hedge Dollar risk, inflation and other things.”
On the whole, gold is up 26.37%, while BTC is up 120% on the year.
JP Morgan said in late-October that it also views Bitcoin as a worthy competitor in the fight to replace gold as the top option to hedge against the US dollar. The US investment banking giant hypothesizes that Bitcoin could be a more popular option, especially amongst younger generations, estimating that it may still triple in price.


Check Latest News Headlines

.dh_responsive {
padding: 0px 20px 0px 20px;
}
@media (max-width: 980px) {
.dh_responsive {
padding: 0px;
}
}

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements  




googletag.cmd.push(function() { googletag.display('div-gpt-ad-1597129173244-0'); });



Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Gonin
The post Deutsche Bank Reveals Increasing Demand for Bitcoin Over Gold appeared first on The Daily Hodl .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Cool huh? Please read the full Article: Deutsche Bank Reveals Increasing Demand for Bitcoin Over Gold


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News