Sunday, 25 August 2019

Grayscale Investments, LLC believes Bitcoin can act as a hedge against the U.S. - China trade conflict

- Asset management firm Grayscale Investments, LLC believes released a report on Bitcoin as a hedging tool.
- Grayscale says that Bitcoin has the capability to act as a hedge against economic tensions.
Grayscale Investments, LLC, the asset management firm based in New York has published a report on where they requested fund managers to include Bitcoin (BTC) into their portfolio as heading tool against the risks of US-China trade war.
They defined the cryptocurrency as “an exciting financial technology and investment opportunity,” Grayscale believes that Bitcoin the capacity to act as a hedge against the delaying economic tension.
Grayscale’s report detailed:

With continued adoption, Bitcoin represents a transparent, immutable, and global form of liquidity that can provide both wealth preservation and growth opportunities. As a result, we believe it deserves a steady strategic position within many long-term investment portfolios.


source: fxstreet.com
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