According to investment analyst Peter Boockvar, Bitcoin is considered one of the few safe havens for investors these days.
Presentation by investment analyst Peter Boockvar
Turning to CNBC, Chief Investment Officer of Bleakley Advisory Group, Peter Boockvar, began by expressing his position in relation to the largest cryptocurrency: "I’m considering Bitcoin not because I want to own it, but because I would prefer to have gold as an alternative currency."
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Responding to a question about what assets he would recommend to customers in the second half of the year, if tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details tensions remain and the Fed (Federal Reserve System) adheres to a strategy such as a rate cut, he said he recommends buying gold rather actively.
Boockvar went on to explain that he sees Bitcoin rather as a signaling mechanism, which he considers a clue to unstable gold.
Moreover, he added: "I believe that Bitcoin is still at an early stage of development."
Peter Boockvar investment analyst argues that Bitcoin is the best choice for investors. For investors, Bitcoin is the best choice despite all the fluctuations in price increases. Sooner or later, the cost of Bitcoin will increase, and the purchased cryptocurrency can be sold several times more expensive. Here it is important not to "break" ahead of time, noticing a short-term drop in the course.
Editor: Godfrid Brower