{"id":24563,"date":"2023-06-23T00:48:52","date_gmt":"2023-06-23T00:48:52","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/06\/23\/bitcoin-is-like-high-flying-high-beta-tech-stock\/"},"modified":"2023-06-23T00:48:52","modified_gmt":"2023-06-23T00:48:52","slug":"bitcoin-is-like-high-flying-high-beta-tech-stock","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/06\/23\/bitcoin-is-like-high-flying-high-beta-tech-stock\/","title":{"rendered":"Bitcoin is like \u2018high-flying, high-beta tech stock&#8217;"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/179080811_m_normal_none-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/179080811_m_normal_none-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/179080811_m_normal_none-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/179080811_m_normal_none-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/06\/179080811_m_normal_none.jpg\" alt=\"bitcoin is like high beta tech stock anastasia amoroso\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Anastasia Amoroso explains why bitcoin has been on a tear just lately.<\/li>\n<li>She sees the world\u2019s largest cryptocurrency as a tech asset.<\/li>\n<li>Bitcoin is at present up roughly 80% versus the beginning of the 12 months.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> has been on a tear ever for the reason that Federal Reserve <a href=\"https:\/\/www.cnbc.com\/2023\/06\/14\/fed-rate-decision-june-2023.html\" target=\"_blank\" rel=\"noopener\">skipped a rate hike<\/a> for the primary time since March 2022.<\/p>\n<h2>Anastasia Amoroso shares her view on BTC<\/h2>\n<p>Another potential purpose why the cryptocurrency has been in favour just lately is as a result of the central financial institution is now nearer to the top of its cycle that sometimes tends to attract curiosity into the risk-on property.<\/p>\n<p>Most importantly, the latest energy is a proof that crypto as an ecosystem has stood the take a look at of time, as per Anastasia Amoroso \u2013 the Chief Investment Strategist at iCapital.<\/p>\n<blockquote>\n<p>\u201cThe fact that institutional investors are still stepping into the space and bitcoin tells you that this is an asset class that is most likely here to stay.\u201d<\/p>\n<\/blockquote>\n<p>Earlier this week, Fed Chair Jerome Powell additionally agreed that cryptocurrencies appear to have some endurance (<a href=\"https:\/\/coinjournal.net\/news\/fed-chair-powell-stablecoins-form-of-money\/\">read more<\/a>).<\/p>\n<h2>Anastasia Amoroso sees bitcoin as a tech asset<\/h2>\n<p>Bitcoin has gained sharply regardless that the U.S. Securities &amp; Exchange Commission sued each <a href=\"https:\/\/coinjournal.net\/news\/sec-sues-binance-and-cz-for-breaking-us-securities-rules\/\">Binance<\/a> and <a href=\"https:\/\/edition.cnn.com\/2023\/06\/06\/investing\/coinbase-sec-lawsuit\/index.html\" target=\"_blank\" rel=\"noopener\">Coinbase<\/a> this month.<\/p>\n<p>Part of the rationale could also be as a result of neither of these lawsuits categorized it as a safety. If something, investing in Bitcoin is extra akin to including a high-flying tech inventory to your portfolio, added Amoroso on <a href=\"https:\/\/finance.yahoo.com\/video\/bitcoin-crosses-30-000-why-135722093.html\" target=\"_blank\" rel=\"noopener\">Yahoo Finance Live<\/a>.<\/p>\n<blockquote>\n<p>There\u2019s a technological facet to bitcoin. But there\u2019s additionally volatility that is related to it that is way more according to a high-flying, high-beta tech inventory than anything.<\/p>\n<\/blockquote>\n<p>She additionally dubbed the latest regulatory crackdown a internet constructive for the crypto market in the long term on Thursday.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-is-like-high-beta-tech-stock-anastasia-amoroso\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Anastasia Amoroso explains why bitcoin has been on a tear just lately. She sees the world\u2019s largest cryptocurrency as a tech asset. Bitcoin is at present up roughly 80% versus the beginning of the 12 months. Bitcoin has been on a tear ever for the reason that Federal Reserve skipped a rate hike for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[20,7330,7329,1388,3448],"class_list":["post-24563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-highbeta","tag-highflying","tag-stock","tag-tech","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/24563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=24563"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/24563\/revisions"}],"predecessor-version":[{"id":24564,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/24563\/revisions\/24564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/24565"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=24563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=24563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=24563"}],"curies":[{"name":"wp"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