BitMEX says next global financial crisis and its effect on BITCOIN
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Bitcoin giant Bitmex has released a statement describing the “anatomy of the next global financial crisis.” According to BitMEX Research, corporate debt investment funds might be what leads to the next global financial crisis.
According to the research team, a repeat of the 2008 crisis, where retail baking deposits and payment systems were the catalyst, is unlikely. This time around corporate debt investment and unconventional debt investment vehicles, encouraged by low volatility and low return, are more likely to be the cause of the next depression.
Read more: BitMEX denies link between account closures and decreased trade volume
While the purpose of the report is to analyze the mechanics of the next global financial crisis, BitMEX Research touch on how such a crisis will impact the price of Bitcoin. According to the team, there are three assumptions tied to the question of “When is the next global financial crisis going to happen?” One of those assumptions states that such a crisis will have a positive impact on the price of Bitcoin
While BitMEX Research doesn’t explicitly agree with that assumption, they make reference to a previous report made in March 2018, when they noted that Bitcoin had begun trading more like a risk-on asset than a safe-haven asset. While acknowledging that the price of Bitcoin has fallen quite dramatically since then and things are very likely to change in the future if BTC does respond well to the next financial crisis it will be a huge win for the coin as well as the store of value investment thesis. Admittedly, there is no evidence for this just yet. In their view, they explain that for this to occur, Bitcoin’s price first needs to decouple from most altcoins.
Join- https://t.me/btctradingclub
Bitcoin giant Bitmex has released a statement describing the “anatomy of the next global financial crisis.” According to BitMEX Research, corporate debt investment funds might be what leads to the next global financial crisis.
According to the research team, a repeat of the 2008 crisis, where retail baking deposits and payment systems were the catalyst, is unlikely. This time around corporate debt investment and unconventional debt investment vehicles, encouraged by low volatility and low return, are more likely to be the cause of the next depression.
Read more: BitMEX denies link between account closures and decreased trade volume
While the purpose of the report is to analyze the mechanics of the next global financial crisis, BitMEX Research touch on how such a crisis will impact the price of Bitcoin. According to the team, there are three assumptions tied to the question of “When is the next global financial crisis going to happen?” One of those assumptions states that such a crisis will have a positive impact on the price of Bitcoin
While BitMEX Research doesn’t explicitly agree with that assumption, they make reference to a previous report made in March 2018, when they noted that Bitcoin had begun trading more like a risk-on asset than a safe-haven asset. While acknowledging that the price of Bitcoin has fallen quite dramatically since then and things are very likely to change in the future if BTC does respond well to the next financial crisis it will be a huge win for the coin as well as the store of value investment thesis. Admittedly, there is no evidence for this just yet. In their view, they explain that for this to occur, Bitcoin’s price first needs to decouple from most altcoins.