blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Bet Now
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Bet Now
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

WSJ Report: Bitcoin Outperforms All Other Financial Asset Classes

Ogwu Emmanuel by Ogwu Emmanuel
May 7, 2019 - 4:00 am
in bitcoin news
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
  • Bitcoin (BTC) has gained over 50% since last year’s price slump
  • Nearly 90% of the 70 financial instruments tracked by Deutsche Bank AG have made nice gains this year

While 2018 was a year of the bears for bitcoin, altcoins and most traditional financial instruments, 2019 has started showing a great promise, as nearly 90 percent of the 70 financial asset classes tracked by Deutsche Bank AG has so far posted positive total returns, with the world’s flagship distributed ledger technology (DLT) based money rallying more than 50% after last year’s bloodbath, according to a Wall Street Journal report on May 5, 2019.

Bitcoin Heading for the Moon

Per sources close to the matter, it appears the winter of 2018 is gradually coming to an end, as blockchain-based digital assets, as well as traditional financial instruments like bonds, stocks, credit markets, and commodities, have risen significantly in 2019.

According to Jim Reid and Craig Nicol, strategists at Deutsche Bank AG, a German multinational investment bank and financial services company, almost 90 percent of the 70 financial assets tracked by the bank have posted huge returns in 2019, representing a remarkable turnaround from last year when the value of about 87% of  assets crashed badly.

Specifically, the report notes that the price of bitcoin has rallied more than 50 percent, aiming to hit the $6,000 mark once again after last year’s collapse.

At the time of filing this report, the entire cryptocurrency markets have a combined market capitalization of over $180 billion, with Satoshi Nakamoto’s bitcoin controlling an impressive $100.80 billion in market cap.

Future Looking Bleak for Traditional Financial Assets

Commenting on the latest development, Peter Atwater, a research analyst and an adjunct lecturer at the College of William & Mary, opined that the recent market recovery has been “like a bungee jump on a slingshot,” adding that he’s quite troubled by the correlation between asset classes and the drop-off in price volatility.

However, it appears the recent gains of traditional financial instruments may soon be wiped away by president Trump’s tariff increase on Chinese imports, as well as Beijing’s impending cancellation of the trade talks with the U.S.

Reportedly, U.S stock futures and Chinese stocks traded lower Sunday, a strong indication that things may soon fall apart if care is not taken.

“The markets are more closely tied together than they’ve ever been before. In a globalized world with a free flow of goods, services, people, ideas and capital, you’d think there should be a greater degree of correlation with all of this stuff,” declared Michael Parker, director of research and head of strategy for Asia-Pacific at Bernstein Research in Hong Kong.

Tags: CryptoCryptocurrencyFinance
ShareTweet
Ogwu Emmanuel

Ogwu Emmanuel

Ogwu is a Nigeria-based blockchain analyst focussing on the regulatory implications of governments in the cryptocurrency industry. He writes regularly for several cryptocurrency-focussed news sites.

Recommended For You

Blockchainreporter Weekly News Roundup

by Umair Younas
February 5, 2023 - 2:29 pm
0
crypto

Blockchainreporter has compiled a bunch of important news from this week covering all happenings related to FTX and other exchanges.

Read more

Binance Resumes Operations in South Korean Crypto Market after Gaining Major Stake in the GOPAX Exchange

by Shayan Chowdhury
February 3, 2023 - 12:01 pm
0
Binance

Crypto exchange giant Binance is set to resume its operations in South Korea after acquiring a major stake in the local exchange GOPAX. 

Read more

Binance Joins Hong Kong Police Department to Confront Cybercrime

by Umair Younas
February 3, 2023 - 9:53 am
0
Binance

The biggest blockchain infrastructure, “Binance” has recently participated in and provided support for a Virtual Asset Investigation Course (VAIC).

Read more

Silvergate in Hot Water: US Fraud Probe over FTX and Alameda Dealings

by Mushu Butt
February 3, 2023 - 6:49 am
0
silvergate

Silvergate faces a fraud probe in the US over suspicions of irregularities in their FTX and Alameda dealings. Get all the latest updates here.

Read more

Crypto Theft: In 2022, Hackers with Ties to North Korea Stole $1.7 Billion

by Kester Odero
February 2, 2023 - 4:23 pm
0
hack

2022 was another bad year in terms of crypto hacks. According to data from Chainalysis, 2022 saw $1.7 billion worth of crypto stolen by the Lazarus.

Read more
Next Post

San Francisco: Legislators Vote Against Government Use of Facial Recognition Technology

PARTNERS LIST

PRESS RELEASE

Game Space Powers Web3 Gaming With the Launch of Player One Tournament, Aligns Partnership with Splinterlands, Gods Unchained and Big Time

by Max Clark
February 3, 2023 - 12:00 pm
0

For Player One Tournament, Game Space will continue to cooperate with more public chains, various gaming guilds, Web3 Infra, Web3...

Metacade presale investment rockets past $5 million as GameFi investors hurry to buy remaining MCADE tokens

by chainwire
February 2, 2023 - 3:38 pm
0

London, United Kingdom, 2nd February, 2023, ChainwireThe Metacade presale is selling out fast with stage 3 coming to a close...

Snowfall Protocol

Joe Biden Reveals Game-Changing Crypto “Roadmap” after $2 Trillion Bitcoin (BTC) and Ethereum (ETH) Crash! Snowfall Protocol (SNW) Still the Top Pick for 2023

by Josh Fernandez
February 2, 2023 - 9:23 am
0

A perennial problem that has dogged the crypto world – and one that Snowfall Protocol (SNW) aims to address –...

Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps

by chainwire
February 1, 2023 - 5:44 pm
0

Seattle, Washington, 1st February, 2023, ChainwirePeer today announced the hiring of a specialist team of engineers from Zenly to develop...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2023 - Blockchainreporter.net. All Right Reserved.