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Stock Markets vs Bitcoin

12/01/2018

With Cable (GBPUSD) nudging highs of 1.3600, a level not seen since last September, and EURUSD at levels not seen since October 2014 (1.2130), it’s time to consider how much more scope for movement it has. Certainly the US stock markets are performing well, with the Dow Jones, Nasdaq & S&P500 all on highs there is plenty of motivation for foreign investors to buy Dollars and keep the ball rolling, as despite the dire predictions of the ‘experts’ there is no obvious sign that the market is overheating. There are none of the characteristic wild fluctuations, instead the market slowly (and efficiently) keeps grinding away making small but regular gains.

Compare the fortunes of Bitcoin (BTCUSD $13,600), where there may still be considerable upside, but the movements we saw in December are exactly the sort of thrashing about that can often be seen in immature markets and the opposite of what investors want to see, and this is why BTCUSD will attract gamblers while the stock market attracts investors.

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