12 Jul '17, 12am

The case for investors sticking out the volatility in bitcoin and ethereum

The case for investors sticking out the volatility in bitcoin and ethereum

He explained as people have yet to discover the true value of an asset like bitcoin, they tend to trade them at a certain, discounted level before the market realizes it could be worth more and then the price jumps. Cryptocurrencies are partly becoming more popular because countries and companies are taking a closer look at the technology that underpins them: blockchain. Japan, for example, approved bitcoin as a legal payment method in April . "We're now sort of at ... a tipping point, where people are now considering bitcoin or ethereum or digital assets as more mainstream," Dave Chapman, managing director of Hong Kong-based commodities and digital assets trading house Octagon Strategy, told CNBC. "A lot of the people that we service are actually very comfortable with having 1 percent of their net worth into bitcoin or ethereum." To them, it's "just a natural extension of...

Full article: http://www.cnbc.com/2017/07/11/cryptocurrencies-bitcoin-a...

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