Coinscreed
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $29,322.00-3.43% 24H
    BITCOIN
    24H : -3.43%
    Volume : $26,662,881,609.00
    Marketcap : $557,014,024,602.00
  • ethereumEthereum(ETH)
    $1,969.44-2.53% 24H
    ETHEREUM
    24H : -2.53%
    Volume : $14,826,881,365.00
    Marketcap : $237,650,666,664.00
  • binancecoinBNB(BNB)
    $303.57-0.91% 24H
    BNB
    24H : -0.91%
    Volume : $1,812,610,480.00
    Marketcap : $50,969,364,965.00
  • rippleXRP(XRP)
    $0.413-1.65% 24H
    XRP
    24H : -1.65%
    Volume : $2,271,602,724.00
    Marketcap : $19,922,600,461.00
  • cardanoCardano(ADA)
    $0.519-2.57% 24H
    CARDANO
    24H : -2.57%
    Volume : $654,982,616.00
    Marketcap : $17,529,752,193.00
  • terra-lunaTerra(LUNA)
    $0.00013-7.92% 24H
    TERRA
    24H : -7.92%
    Volume : $204,407,715.00
    Marketcap : $848,844,185.00
Coinscreed
No Result
View All Result
homerun token
Home News

Can bitcoin provide solution to ASX investors worries?

Bishop eL by Bishop eL
1 year ago
in News
Reading Time: 3 mins read
A A
Share on FacebookShare on Twitter

Fears of inflation were long gone as the returns of world standards have increased to pre pandemic levels, such as ten-year US Treasury notes. ASX investors have a key interest rate-based concern about inflation.

If inflation goes too much above the target rate (or the US Fed’s target in the United States) of the Reserve Bank of Australia, central banks would have no choice but to raise interest rates to control inflation. This, in turn, may damage ASX share prices, particularly ASX growth shares, as investor returns for cash holdings can theoretically be higher (and safer).

As an important inflation hedge, gold was long proclaimed. And although it has not been perfectly performing in this position, long-term gold can reduce inflation impacts.

SuggestedArticles

Vitalik Says Ethereum (ETH) Merge May Happen In August

Vitalik Says Ethereum (ETH) Merge May Happen In August

3 hours ago
Europeans see crypto as way to save, invest - Survey

Europeans see crypto as way to save, invest – Survey

6 hours ago

More ASX investors now wonder, can Bitcoin – so-called digital gold – work the way it does?

Since Bitcoin’s supply is small, and there is some reasoning behind Bitcoin’s hedging inflation, unlike US or Australian dollars. Although US Treasury rates have recently risen to 1.62%, the Bitcoin price decreased drastically.

Cam Harvey, who is an adviser to Research Affiliates and a professor of finance at Duke University. As Bloomberg reports, Harvey says Bitcoin hasn’t been in around for enough time to make a definitive call:

What’s going to happen to Bitcoin? It’s really unclear. The price is not been moved by the money-supply rule, it’s driven by other speculative forces. That’s why it’s multiple times more volatile than the stock market.

He adds that investors might not rely on Bitcoin to mitigate the effect of rising inflation by using volatile assets such as Bitcoin and other cryptocurrencies.

“The wood is inflationary and brightening,” adds Marc Chandler, Bannockburn’s Chief Market strategist, Global Forex. You have to judge if there is enough spark.”

Chandler sees ‘signals like price of petroleum, shipping or semiconductor costs,’ all on the rise as the world economy returns to gage inflation.

With regard to Bitcoin’s rapidly rising price, he says, “The high priests in the field of cryptocurrency search for every excuse to support. I’m still reluctant to believe B Bitcoin tells us anything about high-frequency economic variables.”

Whether ASX investors consider Bitcoin as an inflation hedge, it sounds like the jury is still out on this one.

Where to keep $1,000


If expert Scott Phillips invests with an inventory tip, he will pay to hear. After all, his newsletter Motley Fool Share Advisor has been in the hands of thousands of paying subscribers for over a span of eight years and has doubled, tripled and even more stock picks.

Scott has just disclosed that he thinks five ASX stocks are right now the best for investors to buy. These shares trad at low dirt rates and Scott thinks that they are fantastic shoppers at the moment.

BTC365

Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.