Those Who Are Eyeing Bitcoin For Cuan

Jakarta, CNBC Indonesia -

The corona pandemic has an impact not only on the financial industry but also on various sectors in the world as a whole. Many companies have gone bankrupt and people have lost their jobs due to the corona pandemic.

Likewise with all sectors of the global economy, the financial sector has also suffered significantly from the impact of the pandemic. Countries struggle to sustain their economies, while people look for ways to stay able to pay.

Stock markets and financial institutions around the world are vulnerable right now. This was a level of danger the world had never seen before.

Unlike other aspects, the crypto market has so far been able to withstand the turmoil caused by the COVID-19 event. Bitcoin (BTC) fell to US $ 3,800 in March, but the value of this top cryptocurrency has managed to jump faster than any other investment vehicle in the world.

Then who started to look at Bitcoin or other cryptocurrencies?

According to its development, there are two types of crypto investors:

• Retail investors or individuals who habitually buy cryptocurrency for several reasons, mainly as an investment and a means of payment.
• Net-worth institutional or corporate investors who wish to speculate and invest in assets.

One of the institutional investors who put their trust in crypto, namely Grayscale Investments based in New York. Grayscale is the largest asset management company in the crypto industry. The company started seeing significant gains last year when Bitcoin finally emerged from its slump in 2018.

Grayscale confirmed that its total assets under management amount to US $ 5.2 billion, of which Bitcoin itself has added an asset valuation of $ 4.4 billion. The boom in advertising promoting Bitcoin and crypto investing has had a big impact.

From the metrics above it can be seen that investors are increasing their exposure to digital assets very quickly. The inflows from semester 1 2020 alone represented nearly 55% of Grayscale's cumulative inflows from the start.

All of this has pointed to a lot of fanfare. Data from CoinMarketCap shows that Bitcoin rose from US $ 6,720 on March 25 to US $ 12,000 in August.

According to CoinGecko data, cryptocurrency assets generated an average return of 20.6% in 2019. Bloomberg also predicts that the performance of crypto products such as Bitcoin in 2020 will continue to strengthen.
"Bitcoin is an asset that has the most reliable store of value against the coming global recession. Its performance so far has made it a more attractive asset choice for investors who want to diversify their asset holdings," said Pintu CEO Jeth Soetoyo in his research quoted on Friday (4/4 / 9/2020).

"The positive opinion from the media regarding crypto assets as well as the presence of leading analysts greatly boosts investor confidence in Bitcoin & other cryptos. This will allow other investors to follow the development of the crypto market."