Deutsche Bank: The destruction of the bitcoin market is one of the financial dangers of 2018!
2017 was a very successful year in terms of global economic development. This was mainly because of two factors: 1) Very low interest rates and 2) large volume investments in different markets. Nevertheless, Deutsche Bank's chief international economist, Torsten Slok, states that in 2018, one of the major global financial threats is the collapse of the bitcoin market:
"Our view is derived from the fact that financial markets do not consider such a volatility of the bitcoin price as a serious problem. If the current trend of cryptocurrency prices will continue in 2018, this risk may be systematic. "
Despite the argument of such an authoritative professional, our modest idea is that in the short term, bitcoin might be the best way to protect against global threats, such as the effects of brexit on the global (mainly European) economy, North Korean nuclear weapons testing, the political and economic threats in America and Etc.
Thanks for looking in,
