Bitcoin is acting as the New hedge against the Global Liquidity Risk

4 min read

What a relentless recovery has the Crypto kingpin Bitcoin staged in the past 10 weeks or so as it finally broke the all-important $10K psychological level, last seen in Mar. 2018. Not only that, the FOMO (Fear of missing out) factor that many analysts had predicted might already have kicked in as BTC crossed $11K within less than 24 hours of hitting the psychological level! Whatever the reason for this Power boost – FOMO, Facebook’s Libra or just the good old fashioned hedging of market risks, Bitcoin is poised to climb even higher. Having said that, the bullish move in…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.