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S&P Global: Bitcoin has gone mainstream

Last week, S&P Global, the world's top financial information and analysis firm, released a special report on the current state of cryptocurrencies. “Cryptocurrency was once considered an alternative and niche trend, but now it has gone mainstream and it appears to be here to stay,” the report said. The report also cites a number of examples, such as traditional banks starting to look more closely at how cryptocurrencies can be integrated into those investment products and services and companies like Paypal starting to offer cryptocurrency services. There are also countries where people are starting to invest in cryptocurrencies as they seek to protect their income from inflation and currency controls or to send money faster and cheaper. In conclusion, the use of cryptocurrencies is constantly growing.

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Analysts at S&P Global See Similarities Between Bitcoin and Gold

Jim Wiederhold explained: “In fact, there are more and more similarities between the two assets of gold and Bitcoin. He pointed out that, first of all, both products are scarce, and it is possible Being held outside the market is in some ways a good inflation hedge. However, Jim Wiederhold also pointed out: "Bitcoin's price volatility over the past 5 years is what other assets category”, Jim Wiederhold also analyzed the differences between gold and Bitcoin, including the total supply. As Bitcoin becomes more mainstream, concerns about the total supply limit are receding. But Risks regarding Bitcoin technology and trading remain.

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About S&P Global

S&P Global (S&P Global ) is the world's leading provider of transparent, independent ratings, benchmarks, analysis and data in the capital and commodity markets. The company provides a wide range of products and services through third-party and proprietary distribution channels to serve customers around the world. Standard & Poor's also maintains a prestigious portfolio of benchmark indexes, including the S & P 500 index for the US market and the S & P 1200 index for the global market. More than 1.5 trillion U.S. dollars of assets in the world are directly subject to the S&P index, and assets of more than 5 trillion U.S. dollars use the S&P index as a comparison benchmark. As one of the world's largest providers of independent equity research and portfolio advice, Standard & Poor's provides its stock, market andeconomic Research. Standard & Poor's provides fundamental security views on 1,900 securities worldwide.