Recently, the stock market is full of tremendous positive expectations, as the Bitcoin futures on CME are in an uptrend. At the request of the edition of CNBC futures Bitcoin seeking up to $9 000 value-added 7.85%, which made wonder even the most hardened skeptics.
All the news in cryptosphere rotate in the last months around the futures exchange, a financial instrument, which will soon be included in the list of many futures exchanges, after obtaining permission from the authorities of the Federal regulation. According to CNBC, futures strive to achieve their best performance in that month since inception in December 2017.
Bitcoin futures surging toward the $9,000 level and on pace for the best month since they were created in December 2017 $BTC pic.twitter.com/2rWxvehQMb
— CNBC Futures Now (@CNBCFuturesNow) May 28, 2019
Analysts say that Bitcoin will surpass gold
Probably because Bitcoin is also a store of value, he repeatedly compared with gold. Several times he was rated as a better investment option than gold, although the latter has centuries of acceptance as a valuable asset.
Some even went further, claiming that Bitcoin regardless of its short period of existence, is more convenient and promising asset class than gold.
Tyler Howard Winklevoss, the famous entrepreneur, founder of Winklevoss Capital Management, said he does not know the reason why Bitcoin can’t outrun gold on the market. Some users on Twitter have supported his opinion, noting that Bitcoin is made more daily transactions than gold.
Anthony Pompliano, co-founder of Morgan Creek Digital, said that the Bitcoin has increased in value by 800% over the last 10 quarters.
Bitcoin is up over 800% in the last 10 quarters.
It would take more than 8 years to deliver the same results if you were compounding money at 30% year-over-year.
Detractors hate math, but Bitcoin continues to be the best investment of the last decade 🔥
— Pomp 🌪 (@APompliano) May 27, 2019
The current bullish trend gave kriptosistem more reason to admire the Bitcoin and its emergence in the financial market.
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Tags: CME Bitcoin