Jakarta, CNBC Indonesia – One of the commodities which is a safe asset (safe haven) namely, gold seems no longer as beautiful as last year, where the price of gold did not last long at the level of US $ 1,750 / troy ounce. In just one day gold managed to surpass that psychological level but after that it slumped again.
However, if gold no longer shines like last year, is there any other investment instrument that might be more sparkling than gold? The answer may be there, but not as an asset safe haven, it is a risky asset but the potential for ‘cuan’ is still high. The instrument is a crypto currency.
Although there are still many contradictions with investing in the currency, it cannot be denied that the skyrocketing price has attracted market players.
Especially since the corona virus disease (Covid-19) pandemic one year ago which made the global economy experience a recession, the performance of companies has certainly been questioned, which has an impact on their share prices. Market players are looking for alternative investments, and cryptocurrencies are one of the options.
The skyrocketing cryptocurrency price cannot be separated from the skyrocketing movement of bitcoin. The wider acceptance, ranging from institutional investors, asset management companies, large investment banks, to giant companies such as Tesla to Visa, is the trigger for the skyrocketing price of bitcoin.
Even giant investment banks are now providing bitcoin services for their customers. Morgan Stanley became the first major US bank to provide bitcoin services to its customers. Although not all customers, even rich ones, can get this service.
Morgan Stanley’s move is now being followed by his rival, Goldman Sachs. Mary Rich, head of digital assets at Goldman Sachs told CNBC International said that in the second quarter of 2021 Goldman Sachs offers bitcoin investment in a “full spectrum”, which can be in the form of physical investment, derivative products, or traditional investment means.
At the end of the first quarter of 2021, bitcoin was at the level of US $ 58,950.02 / BTC, while at the end of 2018 it was US $ 3,810.7 / BTC. This means that for 2 years and 3 months, bitcoin prices skyrocketed by 1,446%.
Even today, the price of bitcoin has shot up 1.32% to the level of US $ 60,555.97 or again set a record and broke above $ 60,000 for the second time in 10 days.
Bitcoin’s sharp rise has made other cryptocurrencies lift up as well. Ethereum, the cryptocurrency with the second largest market capitalization after bitcoin, in the same period flew up to 1,334%.
Even Dogecoin, a cryptocurrency that was originally created as a joke, skyrocketed higher than bitcoin at the time.
Dogecoin was created by the program Jackson Palmer and Billy Markus in 2013. Palmer in 2015 left Dogecoin and at that time said his goal was just a joke and did not want to make money from his product.
But in fact, from the end of 2018 to the end of the first quarter of 2021, Dogecoin actually skyrocketed by 2.190%.
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