Study: Bitcoin provides optimum security against liquidity crises

A current analysis by Grayscale Investments confirms the role of Bitcoin as a preserver of value. Analysts looked at how individual asset classes, fiat currencies and Bitcoin fared during the crises of recent years.

Grayscale is the world’s largest asset manager specializing in crypto currencies with assets valued at USD 825 million under management (as of 2018). In its study, the company analyzed the liquidity crises of recent years, including the climax of the Greek sovereign debt crisis in 2015, the consequences of the Chinese central bank’s devaluation of the Yuan, also in 2015, and the Brexit referendum of 2016, as well as the still continuing trade dispute between the USA and China.

Their results show the development in price of various asset classes, currencies and Bitcoin during the individual crises. In contrast to the substantial losses suffered on the one hand, on the other the price of Bitcoin rose significantly in every crisis. This shows that investors regard Bitcoin, like gold, as a safe haven in difficult times. The authors therefore conclude that Bitcoin could play a key role in structuring more efficient portfolios. They base this conclusion on their conceptual understanding of Bitcoin, their observations and the “increasing support of some of the leading asset managers”. What’s more, “with continued adoption, Bitcoin represents a transparent, immutable, and global form of liquidity that can provide both wealth preservation and growth opportunities.”

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