During periods of economic turmoil and volatility in the financial markets, many investors rely on safe-haven assets to retain the value of their investments.
Gold has remained one of the most popular, if not the most popular, safe haven which investors turn to in uncertain times. However, the emergence of a new asset class in the last decade, in the form of cryptocurrencies, has not only offered another avenue for investors through which to diversify their portfolios, but has also led many to believe that Bitcoin might be a good safe haven as well.
The New “Digital Gold”
Research Shows Bitcoin Has Staying Power
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.