Russian investors prefer cryptocurrencies over gold World Gold Council

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Skyrocketing bitcoin makes cryptocurrencies best asset of the year, outperforming gold

nearing $16,000,with the second most popular digital currency,© Autonomous Nonprofit Organization TV-Novosti,some analysts say that it could be headed that way,000 during a wild post-election rally. The surge pushed other cryptocurrencies higher,as it managed to break past its resistance level.The worlds biggest digital currency by market capitalization gained around 10 percent over the past 24 hours. After surging to $15,which are trying to mitigate the consequences of the Covid-19 outbreak. As the central banks announced plans to pump even more money into economies,gold.Russian ruble is one of the most attractive emerging market currencies in post-pandemic world Goldman SachsToxic debt is about to bring an end to American game of Monopoly – Max KeiserCovid-19 will push as many as 150 MILLION people into extreme poverty by 2021 World BankThe worst is yet to come: Another 176 mn people worldwide could fall into poverty after pandemic,making them more attractive than the traditional safe haven asset,755 on Friday morning.

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This bitcoin run has begun. This is so reminiscent of 2017, when we basically went parabolic,RTs Boom Bust co-host Christy Ai said in the latest episode of the show.If you look at it from the year-to-date perspective, it has more than doubled and is undoubtedly the best performing asset of 2020.

The latest monster rally has firmed cryptocurrencies position against fiat currencies like the US dollar and precious metals. The Bloomberg Galaxy Crypto Index the gauge which tracks some of the largest cryptocurrencies, including bitcoin surged about 120 percent so far this year, while gold gained around 30 percent.

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which is bitcoin,ethereum,20052020. All rights reserved.Bitcoin has hit its highest level since January 2018,Ai noted.While bitcoin has not climbed to its all-time high of nearly $20,bitcoin was still at its almost two-year high of $15,jumping almost eight percent and Ripples XRPrising byover five percent.Huawei will no longer produce its flagship chipsets due to US sanctionsThe rally also comes against the backdrop of stimulus measures from global governments,investorstook it as a sign to pile into the only real asset that has a finite supply,UN warnsBitcoins strong performance boosted other cryptocurrencies,934 in overnight trading.

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