Doubts about the value of Bitcoin & Co are increasing
|
22 September 2017
Posted in
Special research
Despite the fierce rally of Bitcoin & Co, the loss of confidence in crypto currencies is continuing rapidly. Already since May this year, investor sentiment has fallen steadily, pointing to obvious investors' concerns. The most recent development shows that the value of the "assets" cryptocurrency is clearly disputed among investors. Bitcoin & Co could thus enter a crisis of confidence.
The sentix asset Class Sentiment cryptocurrencies Index, which measures the investor expectations about cryptocur-rencies, speaks clearly. Since May this year, a massive shift in investor opinions has taken place. This process has gained much momentum through the current headlines. Be it the latest warnings from Nobel laureates, from banks' CEOs, or from the Chinese government's prohibition of ICO ("Initial Coin Offerings"). The concerns are growing.
sentix Asset Class Sentiment cryptocurrencies and Bitcoin (in USD)
The considerable doubts of investors imply significant setbacks for Bitcoin & Co. Within the bubble developments at Bitcoin & Co, an interesting phase begins.
