This week saw some interesting market developments and forecasts and we have picked several of them for our weekly review:
RBC Sees S&P 500 Rising to 6,600 by End of 2025
Tag Archives: bitcoin
Which altcoins did the best in 2024?
Bitcoin’s recent all-time highs, driven by market hopes and optimism that the new Donald Trump administration will take a pro-crypto stance and investor interest, has put the spotlight on the cryptocurrency sector once again. In the past 12 months, Bitcoin’s price has risen almost 153% and in November alone, when it nearly touched the $100,000 milestone, bitcoin has grown almost 37%.
Bitcoin’s rise and the overall bullish sentiment has revitalised the interest in some much smaller and cheaper altcoins, some of which can boast spectacular performances in the past 12 months and this November alone. Let’s take a look at several of them!
An Investor sues Elon Musk for USD 258 bln. over Dogecoin
Source: Dreamstime | Author: Valerii Piankovskyi
Reading time: 2 minutes
An American cryptocurrency investor has filed a complaint with the federal court in Manhattan against Elon Musk, as reported by Reuters. The suit, seeking the impressive sum of $258 bln., claims that Musk is running a pyramid scheme which had artificially inflated the price of the Dogecoin cryptocurrency.
The War Puzzle Effect: Why Wartime Investments Can Pay Out in the Long Run (+ Our 5 Safe Haven Picks)
Source: Dreamstime | Author: DeltaStock
Reading time: 13 minutes
Just as the world was about to exit a two-year-long pandemic that shook the global economy to its core and forced millions of people to explore remote work options, it was dragged headfirst into a wave of violence and a humanitarian tragedy not witnessed since the Second World War.
Thus, when Russian President Vladimir Putin ordered his troops to invade Ukraine in the early morning of February 24th, 2022, he caught many investors completely off-guard.
The Digital Euro: Everything You Need to Know
Source: Pixabay | Photographer: geralt
Reading time: 6 minutes
In an age of fast-spreading viruses and instant contactless payments, it makes perfect sense that the nations of the world are toying with the idea of bringing their currencies in the digital realm. Following the steps of People’s Bank of China and Sweden’s Riksbank, at the beginning of October, the European Central Bank was the latest financial institution to propose the digital equivalent of its official currency – the euro.
Are Safe Haven Assets Becoming Extinct?
Source: Dreamstime
Reading time: 5 minutes
In a matter of months, the COVID-19 pandemic grew from a considerable health threat to a global financial crisis. What followed was a torrent of sell-offs and fund transfers to so-called safe havens, such as gold, government bonds, and the Japanese yen, which quickly weakened the stock markets to an extent comparable only to the worst of market recessions.
The en masse and almost simultaneous investor migration from medium- and high-risk financial instruments to traditionally strong assets in times of crisis inevitably had us asking the question: what are the hidden risks of investing in safe havens in 2020?