August 28, 2018

How Digital Currencies Will Impact the Stock Market and the Future of Investing

If you thought the bitcoin hype was cooling off, think again. Despite bitcoin’s crash after reaching nearly $20,000 towards the end of 2017, people are still showing strong signs of interest in cryptocurrency trading. VC firm Blockchain Capital reveals that 30% of millennials would rather own $1,000 worth of bitcoin over $1,000 in government bonds or stocks. And Robinhood, a no-fee stock trading app, announced over 1 million people have already joined their waitlist for early access to commission-free cryptocurrency trading. But the rising popularity of bitcoin and other cryptocurrencies like Litecoin and Ripple raises several questions about the future of investing. Specifically, investors and traders will be looking to see how the integration of digital currencies into mainstream trades will impact traditional stock markets. Companies are leveraging crypto’s popularity to bolster their own valuations In pursuit of improving their market shares, businesses are identifying ways to ride the recent…

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