An investment strategist at Southeast Asia's largest bank, DBS, says bitcoin is unique whether the price changes or not. crypto cryptocurrency $BTC
Strategist at Southeast Asia's Largest Bank DBS Says Bitcoin Is Unique Regardless of Price
An investment strategist at Southeast Asia’s largest bank, DBS, says bitcoin is unique whether the price changes or not. “If we just look purely on a price basis, you will see a lot of volatility and that doesn’t inform you a lot about what benefits it actually brings,” the DBS strategist emphasized.DBS investment strategist Daryl Ho talked about bitcoin in a recent media briefing, Finews Asia reported Friday.
“Most of the methods by which you trade assets require a central clearing party to verify the trade,” Ho detailed, adding that bitcoin presents an opportunity that fiat money does not offer. “Because fiat monetary systems are still governed by central banks,” the strategist stressed, noting that bitcoin’s 13-year track record further boosts confidence in the cryptocurrency.
“If you were holding onto certain rationed assets at the start of February, you may not have been able to liquidate them at will because sometimes, exchanges were closed,” he continued, emphasizing: But the bitcoin market was open 24/7. So there was an avenue for you to raise cash and liquidity, if necessary. Before bitcoin, there has never been any avenue that could do this.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Royal Salute Presents the Asia-Exclusive 24 Year Old Cognac Cask FinishThe Asia-exclusive RoyalSalute 24 Year Old Cognac Cask Finish is the first whisky of the brand to use cognac casks which gives it a fruitier dimension with notes like dark cherries, lemon curd and peaches in syrup.
Baca lebih lajut »
A popular San Antonio restaurant is under new management after 22 yearsTaste of Asia, a popular San Antonio resident, will change management after 22 years in...
Baca lebih lajut »
TikTok looking to challenge Amazon with global warehouse networkThe Chinese-owned company operates a TikTok Shop for sellers in the U.K. and Southeast Asia. It has also been piloting an in-app shopping feature in the U.S., U.K. and Canada.
Baca lebih lajut »
First Mover Asia: Crypto Trading Firm Amber CEO Argues Bitcoin Can Still Be an Inflation Hedge; Cryptos' Surprising ReboundThe CEO of crypto trading firm Amber says that bitcoin is a better store of value than any other asset, and that ether has great value as a “tech infrastructure investment;' cryptos continued to ride upwards post CPI. shauryamalwa and JPRubin23 report
Baca lebih lajut »
Column: Record European copper premiums as buyers shut out RussiaJust as Aurubis and Codelco aim to grab market share in Europe by replacing Russian metal, they risk losing market share in Asia if large amounts of Russian copper are displaced from the European market.
Baca lebih lajut »