The Central Bank of Singapore was only the last in chronological order to speak further Bitcoin, this time - contrary to the opinion of the ECB - opens up new opportunities for the world's most famous cryptocurrency. “Bitcoin can replace gold as a store of value, provided that certain problems associated with transactions and storage of tokens are overcome.” So, they thundered from Singapore and confirmed the idea that we previously reported, cryptocurrency. This is in BTC the forecast of our analysts. Pulcinella's secret for many industry insiders who are now beginning to pave the way even among the so-called official banks, central banks, perhaps small countries, but economically very important. However, the opening of the Central Bank of Singapore did not happen without further warning. Bitcoin, in order to effectively become a new store of value in the long run, will have to overcome some of the structural issues that have plagued it since it first hit the markets. Starts with volatility, which remains too high for an asset that rightly wants to attract the savings of less risky investors. Secondly, it is always necessary, in the opinion of a bank in Singapore, to have reliable and more reliable intermediaries than an exchange in order to store large amounts of private savings. These are the conclusions we share, but what role will central banks play: because they will have to standardize themselves, especially at the reputation level, Bitcoin as a financial asset. In our opinion, there are reasons for the Central Bank of Singapore to sell Crypto Brokers Singapore and we can use the confirmation of this intuition to our advantage by taking a stand on bitcoin, both with bitcoin investment and short-term bitcoin trading. Anyone who wants to start looking at Bitcoin as an instant store of value can buy BTC directly through eToro (free demo here), a broker that allows you to store Bitcoin even for long periods of time with very low fees. Those who want to trade can instead rely on those who offer the best tools and lowest commissions, even for short sales. We can talk about everything with Capital.com, which offers a free demo account and which offers the best in terms of access to the BTC market, even for currencies other than the US dollar. For those who want to diversify their portfolio also in terms of cryptocurrencies, there are several alternatives in the markets today that allow us to invest in the long term and consider cryptocurrencies as a store of value. Bitcoin Cash is tracking both Bitcoin and gold in big chunks, as is Ethereum, which hit its all-time high recently. Therefore, we will be able to choose from a wide range of cryptocurrencies for a portfolio that spreads risk across multiple assets, as shown in many of the guides we have on our website. We also share the opinion of Singapore's central bank and believe that the right time to intervene in this asset is now, with bitcoin hovering around $35,000 again.
You'll have to calm down first
The Central Bank of Singapore is right - here's how you can use this information
Other cryptocurrencies may also have value as a store of value