CEX.IO company blog | Investors are looking for inflation protection in cryptocurrency

The price of Bitcoin surpassed the $50,000 mark for the first time in history thanks to investments from investors who sawa way to protect your assets from the depreciation of fiat currencies and rising inflation in the world. On February 25, the bitcoin rate fluctuates around the $ 51,493 mark.

Yuri Mazur, head of the data analysis department of the international crypto broker CEX.IO Broker, told the Kommersant newspaper about what factors keep investors interested in bitcoin.

The risks of a decline in the GDP of developed countries promptedgovernments to take measures of economic support, which was reflected in the inflation rate. This has forced investors to look for ways to protect their capital from Bitcoin inflation.

The primary reason for the interest was the COVID-19 pandemic,hit the stock market. The small capitalization of Bitcoin compared to gold and many American companies also played a role. Investments from funds and banks have also strengthened investors' belief that Bitcoin can be a full-fledged financial asset.

As the corporate segment has becometo show investment activity in relation to bitcoin, more and more large players began to invest in bitcoin. Such dynamics favorably affected the perception of bitcoin as a more reliable financial asset.

Read the full material here.

CEX platform. IO Broker offers extensive opportunities for trading bitcoin and other currencies, both crypto and fiat.Come to us, open accounts and start trading now!