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26 November 2020

Bitcoin Is Now Better Money Than Many Emerging Market Currencies | Crypto Briefing

Bitcoin Is Now Better Money Than Many Emerging Market Currencies | Crypto Briefing


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Bitcoin Is Now Better Money Than Many Emerging Market Currencies.

Data pulled by Japanese multinational financial services firmNomura findsthat Bitcoin is outperforming many emerging currencies.

A dive into these markets’ characteristics reveals that Bitcoin’s performance is better than in many of these countries. .

The one-year volatility of Bitcoin is low compared to emerging currencies.Emerging countriesare those that resemble many developed countries but fall short on a few metrics.

Examples of emerging markets include China, Brazil, South Africa, India, and many others.

Therefore, Bitcoin is performing better than the EMBI index in terms of market volatility.

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