EQT’s CEO believes in more buyouts from the stock exchange in the future: “Exciting opportunities”

Charlie Taylor

Bitcoin challenges the financial system

Published: July 4, 2022, 7:00 AM Updated: July 8, 2022, 3:52 p.m.Richard Paulsen, market commentator for IG. Thirteen years have passed since the first bitcoin block was created, also known as the genesis block. Since then, bitcoin has gone from being a niche area that a narrow crowd of people cared about, to being an investment object used by reputable financial institutions. Ever since 2014, Richard Paulsen, market commentator for IG, has followed bitcoin in the crypto market. In the same vein, he also co-founded Kryptografen, one of Norway’s first podcasts on cryptocurrencies. In addition to his investment activities, he has also accumulated a lot of lessons about crypto, information he has since passed on to others via IG’s weekly report in Norway. – A lot has happened during these years. Since bitcoin came along, the currency has survived three major so-called drawdowns; the value has risen several times from a fall of over 80 percent. In addition, bitcoin has had a strong long-term development compared to the US dollar. When I started trading bitcoin, a coin was worth just over a hundred dollars. Today it is worth over 40,000 dollars, says Richard Paulsen.Read more about cryptocurrencies hereAn upstart in the financial market Bitcoin developed as a reaction during the financial crisis in 2008 when confidence in the financial system deteriorated. The maximum number of bitcoins that can be mined is 21 million, and it is expected that the last coin will be produced around 2040. The fact that there is a ceiling for how many bitcoins can be produced makes the currency less vulnerable to inflation. In addition, bitcoin has higher security than traditional currencies, says Richard Paulsen, who explains: – Blockchain technology means that all information is accessible to everyone. Sellers and buyers can be anonymous, but the value of the transaction can be traced and we can thus get information that the entire amount arrives without thefts occurring in the process.Dramatic growthOver the past five years, the total market capitalization of the crypto market has grown dramatically, from less than $ 100 million to more than $ 2,000 billion. The crypto market means many opportunities, such as easier cross-border transfers and access to a new type of savings product. With stricter regulations, more players, such as banks and funds, will also be able to start trading cryptocurrencies in earnest.Open a trading account with IG here– Recently, we have experienced a major correction in the crypto market due to general unrest in the world. A bitcoin is now worth around 24,000 dollars, compared to two years ago when the currency reached the bottom of 4000 dollars. The market is volatile, considerably more than with traditional currencies, so far bitcoin has taken two steps forward and one back, says Richard Paulsen. If you are interested in speculating on cryptocurrencies, IG offers turbo warrants on bitcoin and ether and trading is safe and secure via your IG account.About IG
IG is a global trading broker that has been at the forefront of creating innovation in the financial market since 1974. IG offers trading in leveraged products in a number of different markets such as currencies, indices, equities and commodities. Turbo warrants are complex financial instruments and you risk your capital. Losses can occur extremely quickly. The article is produced by Brand Studio in collaboration with IG and not an article by Dagens industri

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