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- Bitcoin commands a multi-billion-dollar market cap, and its meteoric rise has brought much attention to a new asset class called cryptos
- Some analysts say Bitcoin is a product of sentiments with little utility in the real world
- KB Crypto weighs both sentiments and technical data to create wealth for BTC enthusiasts
The debate over whether investing is art or science has become even more heated, thanks to the mainstreaming of cryptocurrencies. Bitcoin along with other cryptos like Ether and Dogecoin has quickly moved the asset value chain to become one of the top assets today. Canada was the first country to have okayed a Bitcoin ETF last year. Data indicates a large number of Canadians have warmed up to this emerging asset class.
Now, what can be the road ahead for enthusiasts? Can they rely on sentiments alone? Can considering investment art be alone a prudent strategy when data indicates that cryptocurrencies are volatile, therefore riskier than traditional assets like commodities and stock indices? Should then Bitcoin investment be done with a scientific approach?
KB Crypto enters the scene at this crucial juncture. The hedge fund understands that investment in any asset is neither pure art nor pure science. And hence, hedging could be a great tool to create wealth and at the same time mitigate risks like extreme price volatility.
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