Expert Chaslau Koniukh
  • Biography
  • Analytics
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Market terminology
  • Stock Market
  • World exchanges
worth buying bitcoin

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.

Share
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

expert Chaslau Koniukh
Analytics
Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.
30.05.2020
bubble in the market
Analytics
Analyst Julius Baer: there is a bubble in the precious metals market
19.01.2021
OFZ market
Analytics
What does the OFZ market expect in the next quarter
16.10.2020
Digital Gold
Analytics
Bitcoin: how digital gold develops
01.05.2020
negative gas prices
Analytics
Analysts: gas prices may be negative in Europe
22.08.2020
collapse of quotations
Analytics
Is the oil market waiting for another collapse of quotations: the opinion of a LUKOIL analyst?
08.06.2020

Recent Posts

  • 1the best currency for savings
    BKS Broker: the best currency for savings
    28.02.2021
  • 2second wave of contagion
    How the second wave of contagion will affect the cost of the cryptocurrency
    27.02.2021
  • 3China's economic recovery
    How China’s economic recovery is going: a review of the processes
    26.02.2021
  • 4Wendy Deng
    Wendy Deng: How a poor Chinese girl became one of the most powerful women in the world
    25.02.2021
  • 5PNC Financial Services Group
    Financial Corporation PNC Financial Services Group
    24.02.2021

Popular Posts

  • How China’s economic recovery is going: a review of the processes 0
  • How foreign investments are distributed in the world 0
  • Strong economies: development and prospects for Iceland 0
  • What to do when the stock exchanges are falling: analyze the fall of the indexes 0

Social

Editor's Picks

Chaslau Koniukh

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

Spokesperson
17.08.2020
Expert Chaslau Koniukh

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

Spokesperson
18.06.2020
expert Chaslau Koniukh

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

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

the best currency for savings
BKS Broker: the best currency for savings
28.02.2021
second wave of contagion
How the second wave of contagion will affect the cost of the cryptocurrency
27.02.2021
China's economic recovery
How China’s economic recovery is going: a review of the processes
26.02.2021

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh is an international financial expert, a professional investor, an experienced analyst and a practicing trader. He advises European entrepreneurs; holds lectures on investment topics; is the author of scientific articles on work at the stock market.

Recent Posts

  • 1the best currency for savings
    BKS Broker: the best currency for savings
    28.02.2021
  • 2second wave of contagion
    How the second wave of contagion will affect the cost of the cryptocurrency
    27.02.2021
  • 3China's economic recovery
    How China’s economic recovery is going: a review of the processes
    26.02.2021
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Youtube
  • Instagram
  • Biography

Expert Chaslau Koniukh: brief biography and path of formation

Let’s Socialize