Research has found that bitcoin is less volatile than many stocks From Van Eck

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The following is the Research has found that bitcoin is less volatile than many stocks From Van Eck recommended by recordtrend.com. And this article belongs to the classification: online finance, Bitcoin.

According to foreign media reports, a new study released by Van Eck, an investment management company, on Friday shows that bitcoin’s price fluctuation is less than a quarter to a third of the stocks in the standard & Poor’s 500 index. The latest report appears to be aimed at calming investors’ and SEC’s fears about the currency.

In a blog post, the publisher of German exchange traded products said that although bitcoin has long been considered “an emerging and unstable asset outside the traditional stock and capital markets,” in fact, the trading volatility of the world’s largest cryptocurrency (bitcoin) is comparable to that of some of the world’s largest companies.

According to van Eck, 29% of the S & P 500’s share prices have fluctuated more than bitcoin so far this year, while 22% have fluctuated more than bitcoin in 90 days. In addition, it was found that the volatility of bitcoin was lower than 112 stocks in the S & P 500 index and 145 stocks in the year to date over 90 days.

Van Eck manages nearly $50 billion of assets, with gold funds accounting for the majority. Although van Eck relies heavily on gold, it is increasingly exploring the special currency. This is mainly reflected in the application to the US Securities and Exchange Commission for providing bitcoin Exchange Trading Fund (ETF), providing bitcoin exchange trading products to institutional investors, and advocating that bitcoin investment should be considered.

However, it is also possible that, given the regulatory hurdles van Eck encountered in the last bitcoin ETF investment, the purpose of this latest study may be more to ease sec concerns than investors.

Google Trends: data shows that the search volume of “buying bitcoin with credit card” has reached an all-time high. Coinmarketcap: in November 2017, the total scale of cryptocurrency in the world exceeded $300 billion. Bank of Canada: 58% of Canadians hold bitcoin for investment purposes. The annual electricity consumption of bitcoin mining is about 29.05twh, which is more than that of 159 countries in the world Security: researchers found a huge cryptocurrency fraud botnet coindesk on Twitter: bitcoin price fell below $2000 in July 2017 freelancer: jobs related to Q3 cryptocurrency grew 82% in 2017 TPU: digging bitcoin consumes electricity equivalent to 17 million people in one year coindesk: the market value of cryptocurrency exceeded $100 billion in 2017 June 2017 The total market value of etheric is 34 billion US dollars per month To reach 82% of bitcoin Cambridge innovation financial center: report shows that more than 3 million people use cryptocurrency around the world Global digital currency sales reached 13.7 billion US dollars

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