Grayscale, an investment firm, purports that Bitcoin is a sensible hedge against the growing market fluctuation catalyzed by the US-China trade conflict.
A developing trade war between the globe’s duo most powerful economies is opening the opportunity for a wider Bitcoin acceptance, at least as observed by Grayscale Investments, LLC.
The asset management firm situated in New York published a report on Thursday where it requested fund managers to include Bitcoin to their portfolio as weighing tool against the escalating US-China trade conflicts. Terming the cryptocurrency as “an exciting financial technology and investment opportunity,” Grayscale revealed that it has the capacity to act as a hedge against the delaying economic tension.
The report said:
“With continued adoption, Bitcoin represents a transparent, immutable, and global form of liquidity that can provide both wealth preservation and growth opportunities. As a result, we believe it deserves a steady strategic position within many long-term investment portfolios.”