Traditional Market Inaction Fuels Bitcoin Interest

Nov 29, 2017, 11:40 AM

There is lots to discuss in the headlines that could move the markets, including Korean missile crisis, Bitcoin about 10,000, Donald Trump & Tax Reforms and of course, Brexit. 

Craig Erlam, Senior Market Analyst at OANDA is interested by the fact there is so much going on at the moment, but if you look at the market you wouldn't know it. This is because they have become, what Craig describes as, immune to so many things. A prime example is the US Tax Reforms. This is a major bill and something that potentially can have a big impact on the economy and the consumer. Craig thinks, because it has been spoken about for a while and was also priced in while ago, markets do not move because of it. 

We are looking at old stories that are resurfacing.  Like the Korean missile threat and of course, the story that just won't go away - Brexit!

We have however seen a bump higher on the Pound on the back of the proposed Brexit bill. Craig believes that 45 - 50 billion, will be rejected. 

Bitcoin for Craig, is the most interesting story at the moment. It is starting to get into the main stream media, and everyone is talking about it! 900% rise since the start of the year, which is an absolutely massive rise.  Blockchain will revolutionise many industries, Craig believes, but he questions whether or not Bitcoin will survive.  

Watch the whole of the segment for the full detail and as they look into what are investors thinking and how Craig's clients are thinking as we come to the end of the year. Also discussed is the rally over the last year and how this is effecting investors nerves.