Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
worth buying bitcoin
Analytics

When it’s worth buying bitcoin, when it’s better to wait: the look of Morgan Stanley analysts

16.09.2020
2 min read

Is it worth buying Bitcoin now or wait: forecast of the situation

Analysts of Morgan Stanley shared their vision of processes in the global market. First of all they were interested in the question whether to buy bitcoin or wait until the situation stabilizes.
The coronavirus pandemic, in addition to millions of illnesses and deaths, brought the financial crisis to the world. It affected virtually all segments, and affected the situation with the cryptocurrency. In March, the price of bitcoin sank by 50% and reached a minimum of $3,800. Now electronic money has gained in value and reached the mark of 9500 dollars. The rise in price here coincided with signs of recovery of the world economy, analysts make a good forecast for GDP – it will reach the values of last year in the 4th quarter.
Despite the fact that many people are talking about a new outbreak of the pandemic in the near future, experts from Morgan Stanley believe that it can be controlled and it will not be as unexpected and catastrophic as the previous one. The decline in GDP in the second quarter was 8.6%, but in the first few months of 2021 will grow by 3%. If there are severe restrictive measures, then the recovery will slow down.
Difficulties in the US economy are a serious problem. The Federal Reserve presented a forecast where it indicated that the country’s recovery will take at least 2 years. This has a negative impact on all aspects. While under stable conditions it is necessary to invest in risk assets only after careful analysis, in crisis events such operations are much more dangerous. This is also true for cryptocurrencies that do not have the level of liquidity to serve as a reliable financial asset. That is why many people consider investing in traditional options – real estate, stocks, metals and others.
Investors and experts took a waiting position in connection with the upcoming American presidential elections. The new market rate depends on their results, and then it will be possible to start long-term projects.

worth buying bitcoin

It should be noted that on the part of Russian citizens there is a growing demand for cryptocurrency. Local investors are actively studying the market and are interested in the rate of Ethereum and XRP, but Bitcoin is the most popular.
Leaders in terms of Bitcoin demand are Kenya, Chile and Brazil, with Poland and Germany among the top ten countries. Moreover, demand for the crypt began to increase during the period of crisis phenomena in the economy, rising inflation and lower deposit rates.
In case of a controlled second wave of coronavirus, it will be possible to count on economic recovery by the end of the year. This could increase the cost of the cryptocurrency. In the worst-case scenario, a collapse in the digital money market is inevitable.

Tags: Analytics
0
Previous Post Trade risk for companies: types and ways to reduce damage Next Post Chinese ICBC bank: the field of activity of the financial conglomerate

You Might Also Like

bubble in the market
Analytics
Analyst Julius Baer: there is a bubble in the precious metals market
19.01.2021
Tesla Motors shares
Analytics
What’s in store for Tesla Motors stock in the near future: Forecast by Freedom Finance
13.06.2021
Brent oil price
Analytics
Bank of America presented a forecast of Brent oil price for 2022
11.10.2021
Oil demand forecast
Analytics
Rystad Energy’s 10-year oil demand forecast
04.05.2021
negative gas prices
Analytics
Analysts: gas prices may be negative in Europe
22.08.2020
Analytics
Investors demand for the dollar drops: overview from Chaslau Koniukh
05.11.2020

Recent Posts

  • 1Laos cryptocurrency exchanges
    Two cryptocurrency exchanges in Laos received approval from the country’s Central Bank
    24.06.2022
  • 2Digital luxury
    Digital luxury: perspectives for luxury goods in virtual space
    23.06.2022
  • 3SWIFT considers interaction with digital currencies
    SWIFT plans to interact with digital currencies
    22.06.2022
  • 4The minimum income in Latvia will change
    The government intends to revise the minimum income in Latvia
    21.06.2022
  • 5Domuschiev brothers
    The Domuschiev brothers: the success story of Bulgaria’s first billionaires
    20.06.2022

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Fred Smith: the man who gave the world express delivery

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

OpenSea NFT platform
OpenSea’s NFT platform hits the $13.3 billion mark
25.06.2022
Laos cryptocurrency exchanges
Two cryptocurrency exchanges in Laos received approval from the country’s Central Bank
24.06.2022
Digital luxury
Digital luxury: perspectives for luxury goods in virtual space
23.06.2022

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Fred Smith: the man who gave the world express delivery
  • What factors influence the development of the Russian money market
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics