Market Cap: $2,191,535,323,713
24h Vol: $49,109,752,423
Cryptocurrencies: 29499
Markets: 111729
Cryptocurrencies: 29499
Markets: 111729
Market Cap: $2,191,535,323,713     
24h Vol: $49,109,752,423
Seeking Alpha 2021-01-27 20:55:03

Bitcoin Is An Asset, Not A Bubble

Bitcoin Is An Asset, Not A Bubble
With bitcoin prices down over 30% since this year high, investors have been questioning if we are in a 2017 redux.There are different risks associated to bitcoin in the short run: USD strength, extremely elevated sentiment, consolidation in equities.However, bitcoin is not a bubble and we think the share of bitcoin as percentage of total reserves assets will increase in the medium to long term.Awareness will continue to grow in the coming years, especially in some EM countries very exposed to tourism as travel restrictions will remain elevated in 2021.Sensitive investors should reduce their exposure in the short run, but we remain bullish in the long run.
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