Cryptocurrency | The analytical firm calls bitcoin the King of Assets Class


The analytic company Delphi Digital calls bitcoin (BTC) the king of asset classes because of the performance of this coin.

Delphi Digital's comments are based on returning bitcoin for four consecutive months, especially when bitcoin comes when traditional assets face a selling trend. "May's best performance is very important given the broader weaknesses in many other asset classes," the company said.


According to them, investors have been encouraged to abandon safe-haven assets amid the retreat of sentiment for economic growth in 2019 and the US-China trade war, even though bitcoin still outperforms conventional assets.

A Delphi Digital analyst said, "Contrary to its recent history, bitcoin has remained largely unaffected by the selling of risk assets, although expectations for market volatility tend to be higher. It's too early to claim victory, but the uncorrelated nature of BTC has so far been proven to be true. "

Galaxy Digital CEO, Michael Novogratz, said that he expects bitcoin to consolidate in the range of $ 7,000 - $ 10,000. "If I am wrong in that, I think I am wrong with the good side, that there are enough excitement and momentum that can be experienced," Novogratz said.

Dadiani Syndicate was reportedly approached by one client to buy as much as 25% of the current supply. regarding that, EToro Mati Greenspan analyst stated, "A buyer this big will push prices up to make this kind of accumulation even more expensive."

Source: cointelegaph


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Cryptocurrency | The analytical firm calls bitcoin the King of Assets Class Cryptocurrency | The analytical firm calls bitcoin the King of Assets Class Reviewed by Lisra on June 04, 2019 Rating: 5

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