Published on August 29th, 2015 | by bitcoin0
Rising Fear Levels in Global Markets Have Investors Looking at Bitcoin
Mayer believes that while it offers “a potential solution to this intractable global problem … (bitcoin) is not currently viewed as such by the majority of the investment community.
“This puts investors in ‘risk off’ mode and causes a flight to safety”.
… More recently this summer, the weakness in the price is due to the divisions in the Bitcoin development community”, he said.
Despite the concerns around the short-term outlook, the Bitcoin community appears unanimous in its optimism for the longer-term prospects for the digital currency.
“Large negative stock market swings remind everyone that volatility is not limited to bitcoin,” Boyle continued.