Deutsche Bank has issued a market briefing for 2018. The document, created by Chief International Economist Torsten Slok, lists 30 possible threats that could disrupt global markets next year. Alongside entries like North Korea and Brexit, is bitcoin. Its inclusion shows the extent to which the banking sector is eyeing the revitalized digital currency. While some institutional investors see bitcoin as an opportunity, many more consider it a threat.
Absolutely true who would invest in 10-12% bond which give such return in an year when you have bitcoin which gives such return in just a day or two? It is the biggest threats to the financial market.
Bitcoin isnt going to leave each other global asset category obsolete. But if it were to continue its leading ascent, investment banks face a quandary. No other stock, bond, or equity in history has performed in addition to bitcoin this past year. Traditional assets that guarantee a 6-8% return look decidedly tame in comparison.
Moreover considering the fact that investment in bicoins don't even require any kind of formalities involved which make it hazzle free and safer too. It is surely tax avoidable thing as money stored in private key wallets can surely never be taxed in any possible manner.