Bitcoin Price to Benefit Most From Institutional Investing4.63

Bitcoin (BTC), Cryptocurrency–A week ago JPMorgan analysts released a report that claimed the U.S. had a 60 percent chance of undergoing recession by the year 2020, with that figure climbing to 80 percent in three years. As EWN reported, the bearish outlook for the traditional stock market could be to the benefit of cryptocurrency, despite the year long price slump, as average joe and institutional investors alike look to a new asset for trading.

In addition, the falling price volatility of Bitcoin hit an all time low in October that is now more stable than the average for large market cap tech stocks. As reported previously, the increasing uncertainty in the stock market has led the tech sector to even greater losses, as companies like Google and Apple, which have traditionally outpaced the market, now face the greatest questions over investment value.

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