Investorideas.com


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Investorideas.com potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts    Investorideas.com crypto corner    Play by Play – the latest sports headlines and sports stock news    420 Cannabis Investor Ideas Call us 800 665 0411

 

Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

Crypto Corner: Liechtenstein and Australia make Investing in Crypto Easier but Should Investors Worry about a Cryptocurrency Bubble?

 

Point Roberts, WA and Delta, BC - March 2, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner.

Crypto Corner - March 2, 2018

By Samuel Mowers at Investorideas.com

Liechtenstein and Australia make Investing in Crypto Easier but Should Investors Worry about a Cryptocurrency Bubble?

With a roughly $185 billion market cap, Bitcoin has around 40 percent share of the total cryptocurrency market cap. Following is Ethereum with a market cap of about $84 billion (18 percent).

In a recent interview with Business Insider's Sara Silverstein, Sharmin Mossavar-Rahmani, CIO of the Private Wealth Management Group at Goldman Sachs, said she regards bitcoin as a bubble while approving of blockchain technology more broadly.

"Our view is that while we like the concept of blockchain, and think it will evolve into a useful tool for companies, for the financial industry, we think cryptocurrencies in their current format, meaning that in the current incarnation, are in a bubble," she said.

"The bitcoin prices are astronomical," she said. "Then we compare that to Ether, and Ether is even more astronomical. So clearly, these valuations don't make sense to us."

When asked whether an implosion in the sector could impact portfolios unconnected to crypto, Mossavar-Rahmani said that the effects would be less than previous bubbles due to cryptocurrencies having a smaller market cap.

"Clients ask us if the dot-com bubble bursts or when subprime mortgages led to the downdraft and eventually the global financial crisis, could we see something similar from the impact of cryptocurrencies coming down?" she said. "But cryptocurrencies are a much smaller part of the global economy, whether you compare it to US GDP or global GDP, it's less than 1% of global GDP. And so in terms of the impact, it'll have some impact. There are a lot of people who have set up various exchanges, infrastructure, hedge funds in that space, so obviously, they will get hurt. But it's a very, very small part of global GDP."

Liechtenstein's Bank Frick will be the "first financial institution in Liechtenstein to offer the trading of five leading cryptocurrencies and secure safekeeping via offline storage," according to a recent announcement.

Australians can now purchase Bitcoin (BTC) and Ethereum (ETH) at their local newsstand in over 1200 locations. Cryptocurrency exchange bitcoin.com.au is making this possible with minimum purchases of $50 according to a recent story in 9Finance.

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:

Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD) Subsidiary Fit Pay Flip<sup>TM</sup>

Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations.  https://www.fliptopay.com/

Preorder Flip

Investorideas.com featured blockchain and technology company - GoverMedia Plus Canada Corp. (CSE: MPLS)

GoverMedia Plus Canada Corp. (CSE: MPLS). is a Canadian holding company with a fully-owned Russian technology subsidiary. GoverMedia has developed a fully operational state of the art internet platform offering all-inclusive online services such as, e-commerce, social media, multimedia, corporate auctions, corporate database, messaging platform and crowdfunding services. We believe the GoverMedia platform is the first and only internet platform offering such a wide range of online services accessible via only one account. The Company's management and advisors have extensive expertise in the Telecommunications, High-Technology, Corporate Development and Finance fields. www.gm.plus and www.govermedia.plus.


Investorideas.com is a leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory

Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073



Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure:  this newsletter is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and   GoverMedia Plus Canada Corp. (CSE: MPLS). More info: http://www.investorideas.com/About/News/Clientspecifics.asp

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Contact Investorideas.com  

800-665-0411