Abnormal growth in the value of bitcoin and sharp demand for it is due to the desire of investors to protect their savings from inflation, according to analysts at investment bank Deutsche Bank. Printing machines in the US and the EU will very quickly fill the economy with cheap money, with growing problems in the US and the EU, confidence in the dollar and the euro is falling.
And the closer the vaccination, the less fear and more willingness of investors to take risks and get high returns. In these conditions, the attractiveness of bitcoin for savings and investment has grown. In second place in terms of profitability is gold.
The return on investment in bitcoin has already risen to 147% per annum. Gold has risen by only a third since the beginning of the year, and bitcoin by 2.5 times.
If gold was constantly updating value records in the difficult days of the pandemic, reaching $ 2080 for the first time in history, now the demand for the precious metal has declined along with investors’ fear of the collapse of the world economy. Bitcoin has risen by 25% in the last month, along with the first news about the success of vaccines, while gold has fallen by 5% at the same time.
Investors’ fear of future inflation in the US and the EU has accelerated demand for bitcoin. Stefan Ulrich, chief investment strategist at Deutsche Bank, warns of rising inflation due to soft monetary policy in the US and the EU.
The printing press is not expected to stop in the EU and the US, so trillions of money are being poured into the economies of the Old and New Worlds. The United States is ready and awaiting approval of a new package of aid to markets and the economy for 2 trillion dollars. “The ECB has increased its balance sheet by two trillion euros in 2020, and the Fed’s balance sheet has grown by as much as three trillion US dollars. The end of expansionist monetary policy is not expected,” – said the strategist of Deutsche Bank.
With the appearance of an effective vaccine against coronavirus and the subsequent recovery of the world economy, the US dollar may fall by 20%. This was reported by the Financial Times. It is noted that banks, which already had negative forecasts for the dollar next year, deteriorated expectations against the background of the emergence of […]
The value of bitcoin for the first time since December 2017 exceeded the mark of $ 18 thousand. The cryptocurrency rate reached $ 18,174. For the first time since December 2017, the bitcoin exchange rate exceeded 18,000. This is evidenced by data from the electronic cryptocurrency exchange Coindesk and the portal CoinMarketCap. So, on the […]
PayPal Holdings has fulfilled its promise made last month by making its PayPal Cryptocurrency application available to all registered users in the United States. On October 21, the service was launched in test mode for a limited number of users. Commenting on the November 2 financial report, PayPal CEO Dan Shulman said that only 10% […]
The defining reason for the depreciation of the hryvnia against the dollar and the euro in the third quarter was the deterioration of business expectations. Deteriorating expectations created increased demand for the currency, which turned out to be higher than supply. This contributed to the devaluation pressure in the foreign exchange market in the III […]
Quotes of some international banks began to fall after the leakage of FinCEN files. This was reported by the publication Ukrainian Capital with reference to the auction data. The files contain information on suspicious transactions worth $ 2 trillion through the world’s largest banks. Shares of Deutsche Bank, which, according to FinCEN files, conducted transactions […]
The world economy is on the road to recovery amid the pandemic COVID-19, however, the final completion of the corona crisis is possible only in the case of mass use of the vaccine. This was stated by IMF chief Kristalina Georgieva and Chief Economist of Fund Gita Gopinath in their joint paper of the magazine […]
Experts predict the collapse of the economy if states do not continue the policy of fiscal support for business. Information was reported by the American publication of Bloomberg. The main problem today – is a continuation of the spread of the virus that outbreaks around the world. Even when the vaccine is developed, its use […]
The “Food Solutions” company reconstructs an abandoned cattle-breeding complex, which will include almost 5 thousand heads of young cattle in Sokolovka (Zhashkivskyi district, Cherkasy region),- says the “Uriadovy Courier”. According to the report, it has already made a significant range of works on the reconstruction of a cattle-breeding premises, and service buildings. In each of […]Next
Many analysts have been predicting for about a year that Apple will merge and sell its services in packages, and today the news agency Bloomberg, citing anonymous sources, said it would happen in October, at the same time as the release of the new iPhone 12. Apple shares have responded to rumors of growth, although […]Next
In the second quarter of 2020, Ukraine’s gross external debt increased by $ 2.5 billion and amounted to $ 122.8 billion, according to the National Bank. In terms of GDP, debt increased to 78.8% from 75.1% at the end of the first quarter. At the beginning of the year the figure was 78.6%. “External debt […]Next
Hungarian businessmen interested in the wine industry in Ukraine. They are willing to invest and develop the wine industry with a view to the sale of Ukrainian wines in Europe. This interest was announced during a meeting of Taras Kutovoy, the Minister of Agrarian Policy of Ukraine and Industry with Erno Keshkenom, Hungarian Ambassador to […]Next
Sergey Kasyanov gave a controlling stake in the agricultural holding KSG Agro Swiss to the OLBIS company. Previously, CD Investments SA company owned the64.62% shares of the company. ICD Investments SA Holding Company (Switzerland) has transferred 64.62% stake of the agro-industrial company KSG Agro (Dnipropetrivsk region) to the OLBIS. This is stated in the message […]Next
This issue is devoted to the achievements and successes of cooperation of both countries. Diplomats and businesspersons of German companies in Ukraine tell readers about their way to the country’s market, share their achievements, as well as experience in introducing innovations in companies and plans for the future. Ernst Reichel, the Ambassador Extraordinary and Plenipotentiary […]Next
The group of the companies Energy Resources of Ukraine together with its Polish partner the state oil and gas company PGNiG won the tender for gas supply for the GTS Operator of Ukraine. This is stated in the message of the company “ERU Trading”. “ERU Trading was able to offer the most competitive prices thanks […]Next
The American corporation Amazon has received permission from the Federal Aviation Administration of the United States to use drones to deliver cargo. This was reported by TASS. As reported, on August 29, management allowed the “use of unmanned aerial systems” service Prime Air, owned by Amazon. The relevant inquiry Corporation sent in 2019. Representatives of […]Next
Chief State Sanitary Doctor, Viktor Liashko, said that the drug “Remdesivir”, which was planned to treat patients from the coronavirus, have already been purchased, and the party is taken to Ukraine. He said the news in the interview with Radio Svoboda on Sunday, October 18. “And now it is being transported to the territory of […]Next
The court satisfied the claim of the state-owned PrivatBank to Agroterminal and decided to collect UAH 1 billion in debt from it as a guarantor of Boryvazh. This is stated in the decision of the Commercial Court of Odessa region. According to court materials, PrivatBank terminated the loan agreement due to the debtor’s breach of […]Next
The Law of Ukraine “On licensing certain types of economic activity” valid from the 28th of June 2015 states that economic entities may be deprived of licenses if they are controlled by the aggressor country. On the 17th of November 2015 the Commission has deprived a license from “Ukrainian Exchange”, because it is a subsidiary […]Next
Publicly-held company Bank Khreschatyk has managed to prepay debt to the National Bank of Ukraine in the amount of 190 457 000 UAH. According to the official information, the implementation of the requirements of the loan from the NBU refinancing was realized by raising funds derived from repayment of the package of domestic government loan […]Next
The Deposit Guarantee Fund of individuals introduced a temporary administration in “Fidobank”. It is reported by the press service of the Fund. The decision was made on the base of the decision of the National Bank of Ukraine (NBU) on May 20 to classify “Fidobank” to the category of the insolvent. Earlier, “Fidobank” reported about […]Next
The European Bank for Reconstruction and Development (EBRD) intends to invest in a number of important projects in Ukraine, including the modernization of transport infrastructure and the energy sector. This was discussed during a meeting between Finance Minister Serhiy Marchenko and EBRD President Odile Reno-Basso, the press service of the Ministry of Finance reports. Odile […]Next
Wary of exceptional access of representatives of China to the latest European technologies, growing business activity and superiority in the competitive strengths of the Celestial Empire, EU representatives propose to establish total regulation, namely The European Commission believes that it should act as a regulator now and tightly control all transactions of the M & […]Next
The Swiss construction company Bruenig Mega Safe AG offered the rich to save their money in a storage carved into alpine rocks. It is reported that the company plans to use space in the mountains equivalent to ten football fields to create a storage. The warehouses will have a volume of 100 cubic meters and […]Next