Why Crucptocurrencies has been Looked as the Future of Global Financial Markets?
Amidst the volatile stock markets due to the recent COVID 19 outbreak across the globe, investors have found a new lease of life with the emergence of Ducatus Cryptocurrency as a better and safer investment option. If we look down on all the recent trends and happenings in the global financial markets, no investor is willing to put his money into traditional investment options like stocks, equities, or mutual funds.
Besides this investment option, the COVID 19 outbreak has created a situation where no person seems interested in putting their money into luxuries like cars, real assets, and so on. While this is happening, the rate of investment to cryptocurrency options like bitcoin and Ducatus coin has seen a big upsurge.
The Rise of the Global Crypto Market
Quite recently it has been reported that China is pushing multiple blockchain projects and funds within their legal territories. Likewise, countries like Iran and Russia too, are joining the race towards a crypto economy amidst the growing tensions with the USA.
England, while going the extra mile in the same direction has further witnessed an announcement of a new digital synthetic hegemonic currency as an alternative to the world’s most powerful currency, Dollar. This new cryptocurrency is quite similar to Facebook’s Libra Cryptocoin.
Besides this investment option, the COVID 19 outbreak has created a situation where no person seems interested in putting their money into luxuries like cars, real assets, and so on. While this is happening, the rate of investment to cryptocurrency options like bitcoin and Ducatus coin has seen a big upsurge.
The Rise of the Global Crypto Market
Quite recently it has been reported that China is pushing multiple blockchain projects and funds within their legal territories. Likewise, countries like Iran and Russia too, are joining the race towards a crypto economy amidst the growing tensions with the USA.
England, while going the extra mile in the same direction has further witnessed an announcement of a new digital synthetic hegemonic currency as an alternative to the world’s most powerful currency, Dollar. This new cryptocurrency is quite similar to Facebook’s Libra Cryptocoin.
Cryptocurrencies as a Digital Gold
Even though the cryptocurrency markets have witnessed a big sell-off in the month of March due to the pandemic situation, things are expected to ease off in the coming times. This is due to the fact that cryptocurrencies like Bitcoin and Ducatus coin are often bene looked like the ‘light at the end of the tunnel ‘ during such market crisis situations over the years.
If we compare the percentage of returns by Bitcoin alone between the 2010 and 2019 period, that stands to a whopping 2332803 percent. Now, this is some unbelievable bale figure that certainly directs positively towards a better crypto economy in the coming times.
Well, if we compare the same returns to other key investment prospects like gold and mutual funds, the figure stands around 20-150 percent that is still way lower than what has been achieved with cryptocurrencies like Bitcoin and Ducatus coin.
Summing it up
In the wake of the recent verdict delivered by the Supreme court of India that calls for the lifting of ban from cryptocurrency in India, investors across the globe can expect a fresh lease of life in regards to the growth prospect of this domain. Still, the investors are advised to stay updated and keep an eye to the recent trends and updated in the same regards.
Comments
Post a Comment