Bitcoin more embraced as investment

- Who started spending money in bitcoins this year has grown hundreds of euros. Investors are therefore increasingly looking at the cryptomax. Business banks and asset managers also overcome their skepticism.

This digital currency was for many years a bank for many years. Ever, later. These days are not the least parties watching the bitcoin closely.

'Whether you believe in the merit of cryptovaluta or not, there is serious money here at work. That deserves to be monitored ', wrote business bank Goldman Sachs in a report for its wealthy customers.

This digital currency was for many years a bank for many years. Ever, later. These days are not the least parties watching the bitcoin closely.

'Whether you believe in the merit of cryptovaluta or not, there is serious money here at work. That deserves to be monitored ', wrote business bank Goldman Sachs in a report for its wealthy customers.

Fidelity, which manages about $ 6000 billion of assets, goes one step further. Customers who log in with the US asset manager can also directly manage their Coinbase bitcoin purse. And Fidelity employees have been able to finish their bitcoins for a long time, since May of this year they can have their lunch at the company's office.

'Since the increase in value we get more questions about bitcoin. People who do not want to know anything about it now have an interest, 'says Roboo's fund manager Jeroen Blokland. 'The rise in prices has shown skeptics that the phenomenon does not go as fast as they might think. '

Bitonic, the largest bitcoin exchange office in the Netherlands, also notes the growing interest in the cryptomax. 'On average, we receive a thousand customers monthly,' says Daan Kleiman of Bitonic. 'In May there were six thousand, in June even ten thousand. 'Also, Bitmymoney's Head of Industry is currently responding to the price increases in applications: from students, zzpers to wealthy, the company reports. Certainly after splitting the bitcoin (see box below) 'it's all the storm'.

Cyber ​​Capital in Amsterdam is a new investment fund in digital coins for investors with more than € 100. 000 inlay. 'We have turned into unbelievably strong quarters,' says founder Boudewijn Rooseboom.

Ralph Wessels, investment strategist of ABN Amro MeesPierson, sees price developments in coins as 'very risky', but as a small part of the portfolio, 'especially for diversification'.

However, for a professional party, it is never easy to invest in bitcoin, James Butterfill, head of research at ETF Securities, is looking forward. 'As a private individual, you can buy a few bitcoins via a trading platform. But as a professional party it is difficult to buy a few hundred thousand euros on bitcoins. '

According to Blokland there is another important threshold. 'There are hardly any derivatives on bitcoin, which makes investing more difficult. How do you save your bitcoin? In a safe? Or cold storage (not accessible via internet, so safe for hackers, rescued.) Bitcoin is difficult. If you invest in oil, do it also via a derivative, do not put ten barrels of oil in your backyard. '

The investment sector is working hard on such bitcoin derivatives. CBOE, the largest stock option, will end with bitcoin futures at the end of this year, provided that supervisor admits SEC. Also key parties to a bitcoin etf. AFM watchdog does not regulate this crypto market. 'Not yet. Maybe in the future, we look sharp. '

For the time being, whoever wants to invest in a digital currency must be well done, says Kleiman. 'Who has cryptovaluta is his own bank. You must ensure that the bitcoins are secured in your wallet. That brings with it a lot of responsibility. '

Techanist Wim Zwanenburg van Stroeve \u0026 amp; Lemberger Asset Management: 'It's with us and many others the conversation of the day: we will or may not be in crypto coins. Certainly, bitcoin is gaining importance. But calculating the underlying value proves very difficult. '