The cryptocurrency boom may have started on Wall Street but is now spreading to Asia and beyond, as investors seek out the latest crypto-fads and the latest investments.
The tech boom and the housing bubble have become entangled with each other, as they provide a new avenue for investors to invest, according to people familiar with the matter.
The digital boom, however, has been slower to take root in Asia than in the U.S. and Europe, where investors are more comfortable investing in local currencies and assets, these people said.
The digital boom is also catching on in the emerging markets that are the fastest-growing segments of the global economy, including India and Brazil.
The emerging markets are especially hot for crypto-investments because of their growing middle classes, which is fueling the crypto craze.
The financial crisis led to widespread economic turmoil in the global financial system, including the global downturn in the stock market.
A financial crisis is an emergency condition that requires emergency measures to be taken, such as bailouts.
The financial crisis also has fueled the digital boom.
As the financial crisis took its toll on many investors, some chose to buy shares of new cryptocurrency companies.
Some have since gone public, and others have gone private, according for example to Coinbase, the Coinbase cryptocurrency exchange, which has more than 5,000 cryptocurrency and asset managers.
The U.K. cryptocurrency exchange BTCC said on Thursday that it has raised $1 billion in a Series A round led by the German investment bank Greylock Partners.
Shares of BTCC rose by 3.8 percent to $6.30.
U.S.-based digital currency exchange Coinbase is a favorite among investors seeking to protect their crypto assets.
In September, the company launched its first U.E. exchange, a $1.5 billion deal with the British bank Barclays, which will allow investors to trade and store digital currencies in the bloc’s largest economy.
The company said it will use its digital currency trading platform to create new trading tools that will be open to U.N. member states.
Investors looking for crypto investments are finding a new source of interest.
“The bubble is starting to pop,” said Jim Murphy, chief executive of the New York-based investment bank Morgan Stanley.
“This will give us a chance to take some of the big ones and build up.”
Investors can look for cryptocurrencies as a safe haven in times of stress, said Mark Muro, chief investment officer at New York hedge fund Blackstone Group.
The rising popularity of cryptocurrencies may also lead to an increased demand for other assets such as stocks and bonds, according as a report in the Wall St. Journal on Thursday said investors are taking advantage of a weak dollar to buy stocks, bonds and real estate.
The boom in the digital currency space has led to new ways to invest and also to investors turning to alternative investment strategies, according Peter Kuznetsov, chief economist at Morgan Stanley Investment Management.
“Cryptoassets are becoming a very attractive alternative to equities and bonds,” he said.
The rise in interest in cryptocurrencies may lead to greater speculation and greater volatility, Muro said.
“I don’t see that we’ll be seeing a sustained rally anytime soon, but we could get into a period of volatility and it will be worth a lot more than the current valuation.”