At a Glance
- Much like gold and the Swiss Franc, Bitcoin is starting to become an asset investors turn to when geopolitical tensions arise.
Bitcoin bounced back in 2019. Though the market experienced volatility throughout the year, the cryptocurrency’s price still managed to rise 90%. This may be due in part to traders and investors increasingly viewing bitcoin as a store of value for capital around the world, says Jack Bouroudjian.
With the emergence of CME’s cash-settled Bitcoin futures and options, traders and investors can now trade, hedge and put on synthetic positions on the Bitcoin market without the regulatory and tax ambiguity which is found in the cash market.
The characteristic of Bitcoin as a flight to quality is becoming an important fundamental in the market, and one to continue to watch, says Jack.
Watch the full discussion above.