Article: Bitcoin will remain ‘ultra-volatile’ due to its limited tradability, says Deutsche Bank

Crypto

Bitcoin logo is seen displayed on an Android mobile phoneBitcoin will remain ‘ultra-volatile’ due to its limited tradability, says Deutsche Bank

Deutsche Bank says it expects bitcoin to remain “ultra-volatile” due to its limited tradability, adding that just a few large purchases or market exits could significantly impact the cryptocurrency’s supply-demand equilibrium.

In a recent report, the firm’s research team pointed to the cryptocurrency’s illiquidity – which features a set 21 million supply – as an obstacle. Thus far, around 18.7 million or 89% of bitcoins in total circulation have been mined. That expected year for all bitcoins to be mined is 2140, roughly a century from now

Read full article

Article: Bitcoin Is 3rd Largest World Currency: Deutsche Bank

Crypto

Bitcoin Is 3rd Largest World Currency by Market Cap - DecryptBitcoin Is 3rd Largest World Currency: Deutsche Bank

Since its creation just over a decade ago, Bitcoin (BTC) has seen its price climb from practically nothing up to its current value of over $59,000.

In that time, Bitcoin’s market capitalization—its circulation supply multiplied by the value of each unit—has skyrocketed to above $1 trillion, making Bitcoin not only the largest cryptocurrency, but also larger than most government fiat currencies.

Read full article

Article: Bitcoin is now ‘too important to ignore’, Deutsche Bank says

Crypto, Money

Bitcoin is now ‘too important to ignore’, Deutsche Bank saysBitcoin is now ‘too important to ignore’, Deutsche Bank says

Despite its rising valuation, Bitcoin’s growth as an asset class could be hampered by its “still limited” tradability and liquidity, Deutsche Bank Research warned. “The real debate is whether rising valuations alone can be reason enough for bitcoin to evolve into an asset class, or whether its illiquidity is an obstacle,” the analysts stated.

Read full article