Delphi Digital analysts said that in 2019, Bitcoin is the most profitable asset - in May of this year, the rate of the first cryptocurrency increased by 60%.
"The acceleration in BTC's performance comes at a time when conventional risk assets, notably global equity markets, continue to see selling pressure […]," analysts emphasized.
The researchers also noted that although investors are leaving risky assets, investments in Bitcoin remain intact. The stock market is under pressure due to a trade war between the United States and China, and investors fear that economic growth may slow.
"Contrary to its recent history, Bitcoin has remained largely unaffected by the sell-off in risk assets, though expectations for market volatility are trending higher. It is still too early to claim victory yet, but BTC's uncorrelated nature has so far proved true,"said analysts of Delphi Digital.
Note that recently the famous cryptocurrency enthusiast and founder of the cryptocurrency bank Galaxy Digital Michael Novogratz expressed confidence that the course of Bitcoin will soon be consolidated in the range from $ 7,000 to $ 10,000.