Crypto-linked stocks also rose in Asia, with Remixpoint jumping 6 per cent. Monex Group and Ceres ended the day advancing at least 2 per cent in Tokyo while Vidente Co. climbed 2.7 per cent in Seoul.
“The simple fact is, in a time when people are looking for some sort of safe haven or some hedge, money has found its way to Bitcoin,” said Brett McGonegal, CEO with Capital Link International, in an interview with Bloomberg TV. “The inflection point in any major play to a nascent asset class is the attachment point to institutional money. If institutional money starts to touch bitcoin
that’s when you go much higher.”
is up about 150% in 2019 and the Bloomberg Galaxy Crypto Index has doubled in value amid a slew of companies looking to deepen their offering of cryptocurrency
services. Some investors have said the latest reports detailing Facebook’s plans to launch a digital currency as soon as Monday are pushing people toward Bitcoin.