Top buying motivations was the urge to “get rich quick” and FOMO – “fear of missing out”.
At a later date the Financial Conduct Authority will also be consulting on the banning of derivatives products based on cryptoassets, with contracts for difference products likely the main target.
Commodities may be set to surge if worries about slowing economic growth subside and the oil glut is addressed.
Gold is one of the relatively few assets that is uncorrelated to the performance of equity markets.
On the whole investors are adopting a cautious stance, according to findings from two separate surveys.
A fall in precious metal prices is presenting a buying opportunity
There are signs that bitcoin could be taking over from gold as a safe haven.
Uncertainty is causing investors to up their allocations to the precious metal.
Revolutionary progress in the electric vehicle market is driving a surge in demand for advanced car batteries and related commodities.