Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Big money stays away from booming bitcoin

  • Print Alex Jones Show podcast Prison Planet TV Infowars store

Reuters
October 23, 2017

Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion.

Yet for all the hype, mainstream institutional investors are steering clear of the nascent market, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in.

Bitcoin, the biggest and most well-known cryptocurrency, has outperformed all the world’s traditional currencies each year since 2011, except for 2014. But many investors still view it as an opaque, esoteric instrument used by gun-runners and drug-dealers on the Dark Web that should be avoided.

This year, though, a flood of new hedge funds focused on cryptocurrencies has offered institutional investors who might be unfamiliar with the market a potential route into the world of digital currencies.

Read more

This article was posted: Monday, October 23, 2017 at 6:54 am





Infowars.com Videos:

Comment on this article

FEATURED VIDEOS
The Truth About the 'Yellow Vest' Protests See the rest on the Alex Jones YouTube channel.

The Absolute State of Britbongland See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/LCwWpENkIwA https://www.youtube.com/embed/21n-toA641c

© 2018 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.