CryptoPrimus

Morgan Stanley: Bitcoin is Better Than Gold in Many Aspects

​​​Since 2016, a growing number of investors and traders have begun to adopt bitcoin as a safe haven asset or digital gold. Its fixed supply and decentralized nature have allowed bitcoin to become the perfect hedge against economic uncertainty and global markets instability.

Earlier this week, Tom Price, equity strategist at the $88.9 investment banking firm Morgan Stanley, noted that bitcoin is better than gold in many aspects. It has significantly higher liquidity, transportability and better monetary policy which limits its supply.

Price emphasized that a growing number of institutional and professional investors are considering bitcoin as a viable safe haven asset and in many cases, improved hedge against economic uncertainty than gold.

Similar to the analysis of prominent stock researchers and analysts from multi-billion dollar banks like JPMorgan and Goldman Sachs, Price expressed his optimism towards bitcoin and the market’s confidence in the digital currency.

As a store of value, long-term investment, a safe haven asset and a digital currency, in terms of infrastructure, liquidity and transportability, some of the largest financial institutions consider bitcoin superior to gold.

5 Benefits of Cryptocurrency: A New Economy For The Future
DO YOU WANT TO BECOME YOUR OWN BANK?
Over the last couple of years the term cryptocurrency has been rapidly gaining the public eye. You might be more familiar with terms like Bitcoin, Litcoin and Ether. These are all cryptocurrencies.
In fact, there many! Just take a quick look
Just a simple google trend search shows you the start of the growth
But before you continue reading, I want to give a short primer of cryptocurrency
A cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques known as cryptography. Cryptocurrency made the leap from being an academic concept to (virtual) reality with the creation of Bitcoin in 2009. While Bitcoin attracted a growing following in subsequent years, it captured significant investor and media attention in April 2013 when it peaked at a record $266 per bitcoin after surging 10-fold in the preceding two months. Bitcoin sported a market value of over $2 billion at its peak, but a 50% plunge shortly thereafter sparked a raging debate about the future of cryptocurrencies in general and Bitcoin in particular. So, will these alternative currencies eventually supplant conventional currencies and become as ubiquitous as dollars and euros someday? Or are cryptocurrencies a passing fad that will flame out before long? The answer lies with Bitcoin.

Bitcoin is a cryptocurrency and a recent unique financial system, unlike anything that the world has ever seen before. Bitcoin is known to be the digital currency of future, it is the anonymous and secure way of exchanging money on the internet. It is an electronic currency that is completely decentralized, they are not controlled by any government or central authority. Anyone with an internet connection can send and receive Bitcoins directly and privately with no transaction fees.
It’s called a cryptocurrency because it uses cryptography to control the creation and transfer of money. Bitcoin trading in network marketing leads an important role in MLM future