A new survey conducted by Blockchain Capital showed amazing results. For about a third of millennials, cryptocurrencies are seen as safer and a smarter way to invest. Obviously, this is due to the growth of the crypto markets – and millennials know that capitalizing on it is easy.
The survey showed that 30% of those in the 18-to-34 range would rather invest their $1,000 in a cryptocurrency than in government bonds or stocks. Moreover, 42% of millennials know about Bitcoin – compared to the 15% awareness among the people aged 65 years and up.
So, it is easy to see that there is huge millennial interest in trading cryptocurrencies – and even bigger in investing money in this market. Things are looking even better in the future – as the competition for the coin is expected to become even tougher in 2018.
This year, more institutional investors will start trading Bitcoin and cryptocurrencies. However, currently the market faces a significant supply and demand imbalance – which doesn’t have to be frightening.
Expert investors are recommending everyone to allocate their assets based on their risk tolerance, resist overtrading (immediately selling coins after seeing small spike) and always invest the amount of money you are willing to lose. After all, trading Bitcoin can be a tough job if you are going down with your entire savings.
At this point though, trading cryptocurrencies seems like a smart move if you want to capitalize on the growth and the potential regulations that will come to the crypto market in 2018. So, are you capitalizing on the gains (yet)?
Bitcoin.com Crypto Exchange Is Reportedly Faking Its Volumes
German Government To Combat Libra With New Blockchain Strategy
‘’Up to now, the economy has done a great job in countering crises and inflation with measures taken by central banks. Once a digital currency provider dominates the market, it will be quite difficult for competitors.’’Rather than Libra entering the market in Germany, the authorities appear to be in favor of creating a new state-backed digital currency which will run on the Bundes chain. Part of Germany’s proposed blockchain strategy involves creating a simple framework for crypto startups in the country. As it was previously reported in some of the best cryptocurrency news sites, BitBond in 2019 launched the first even regulated security token offering in Germany. According to Heilmann, the German government hopes that the new blockchain strategy will help the local crypto startups to enjoy the competitive advantages of the market over foreign counterparts. There is also very little information on how the government-run Bundes Chain will incentivize the private participants. For the crypto analyst Alex Kruger, some of the other countries will copy the approach Germany has with the emerging cryptocurrency and blockchain technology industry. Also, the French Finance Minister Bruno Le Maire declared that the country will also work towards blocking the libra crypto project in Europe. Le Maire also explained that Libra is a huge threat to the economic sovereignty of Europe. In China, the central bank is also trying to launch the digital yuan project which is a part of the efforts to block Libra.
Crypto Lawyer Claims: The Lost Mt.Gox Funds Can Be Recovered
“Our plan is to represent the Mt.Gox creditors and help them report to Russian law enforcement so that the investigators could establish the connection between the stolen funds from Mt Gox, the operations of BTC-e and WEX, using Vinnik’s case.’’ZP Legal claims to have successfully recovered as much as $1 million of the funds on behalf of an unnamed client from another exchange based in Russia as we read in the latest cryptocurrency news.
Sportsbet.io Made Smart Partnership With Premier League Watford FC: CZ
“The crypto community have been hugely supportive of us since we began, so putting the Bitcoin logo on the sleeve felt like a fun way to give something back while also showing them our support.’’Sportsbet.io is the first crypto-based company that has its name and logo appear on a Premier League club jersey. The football club will give its fame to the number one cryptocurrency at a time when the price of BTC is outpacing any other cryptocurrency in both yearly gains and trading. The latest move by the platform attracted the attention of the CEO of binance ‘’CZ’’ or Changpeng Zhao who is a huge proponent for crypto adoption. The Binance CEO explained on social media and to its followers on Twitter mostly, that this is a very smart and strategic partnership making the team go into a viral sensation. Sportsbet.io explained the decision to put the logo on the jerseys is a way to say thank you to the crypto supporters that used their services. The crypto community was not so keen on Bitcoin in the summer of 2018 as the community tried to buy a featured ad on the Super Bowl half time show but the NFL moved in to totally ban Bitcoin from being presented as one of the most viewed advertising slots. The crypto advertising industry is still a very contentious topic because some projects are able to reach a huge audience which later leads to large-scale scamming. Bitcoin has never had that kind of advertising campaign but being featured on jersey will definitely boost its visibility as per the analysts and reports for our latest cryptocurrency news.
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