Tuesday, July 5, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Cryptocurrencies

Cryptocurrency, ‘Meme Stocks’ Shunned by Nearly All UK Financial Advisers, Opinium Poll Shows

MtR by MtR
June 17, 2021
in Cryptocurrencies
0


More than nine in ten independent financial advisers (IFAs) in Britain would never recommend cryptocurrencies or so-called meme stocks to their clients, an Opinium poll showed on Wednesday.

Meme stocks – companies whose value is fuelled by social media attention – and digital coins have soared in popularity as stay-at-home rules and high savings rates during the pandemic triggered a surge in stock investing by non-professionals.

Related articles

A Comprehensive Study exploring Cryptocurrency Market – Designer Women

July 5, 2022

Understanding the cryptocurrency crash | podcast | News

July 5, 2022

Yet 93 percent of IFAs would never recommend investing in cryptocurrencies, while 95 percent would never do so for meme stocks, the poll based on a sample of 200 IFAs in the UK showed.

Some 91 percent of IFAs would be concerned if a client said they were investing in either type of asset, it found, suggesting deep-set worries amid high volatility and close attention from regulators.

Still, a third of IFAs have increased interest in cryptocurrencies from clients this year, with 14 percent reporting higher interest in meme stocks, the poll showed.

Bitcoin, the biggest cryptocurrency, has slumped about 40 percent since hitting an all-time high of nearly $65,000 (roughly Rs. 47.9 lakhs) in April, but is still up 40 percent in 2021. Bitcoin price in India stood at Rs. 28.8 lakhs as of 12:30pm IST on June 17.

Smaller cryptocurrencies such as Ether have been similarly volatile, sparking warnings from central banks and regulators that investors could lose their money. Ether price in India stood at Rs. 1.79 lakhs as of 12:45pm IST on June 17.

Professional and retail investors alike have embraced cryptocurrencies this year, seeing the sector as a hedge against inflation, a future payment method and a vehicle for earning quick gains.

Retail traders have put as much money into meme stocks over the past two weeks as they did at the peak of the frenzied GameStop rally in January, analysts at Vanda Research said last week.

Among the highest profile are US video-retailer Gamestop and AMC Entertainment Holdings.

At the height of the trading mania, several retail brokers restricted the buying of GameStop shares after collateral requirements needed to clear the trades spiked, angering traders and spurring congressional hearings and regulatory probes.

© Thomson Reuters 2021


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.



Source link

Related Posts

A Comprehensive Study exploring Cryptocurrency Market – Designer Women

by MtR
July 5, 2022
0

The Cryptocurrency Market accounted for US$ XX Million/Billion in the year 2022 and is expected to grow at a CAGR of...

Understanding the cryptocurrency crash | podcast | News

by MtR
July 5, 2022
0

When the global financial system went into meltdown in 2008, banks collapsed and governments around the world were forced to...

No Man’s Sky players invent their own cryptocurrency and it’s worthless (but it’s supposed to be)

by MtR
July 4, 2022
0

Have you ever thought to yourself that the one thing No Man's Sky (opens in new tab) really needs to...

DeFi Is Real, Whatever Happens To Cryptocurrency

by MtR
July 4, 2022
0

In Jamie Dimon’s annual letter to JP Morgan Chase shareholders, he said explicitly that “DeFi and blockchain are real”, which...

Chinese tech firms pledge to ban NFTs, cryptocurrency marketplaces

by MtR
July 4, 2022
0

Chinese internet and tech giants on Monday signed an initiative to ban cryptocurrency and digital collectibles...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Pension schemes urged to prepare for bond market volatility

July 5, 2022

Commodities Week Ahead: Oil, Gold To Swing On Recession Talk, Jobs Data

July 5, 2022

Crypto Currency 2022 Business Scenario – Designer Women

July 5, 2022

A Comprehensive Study exploring Cryptocurrency Market – Designer Women

July 5, 2022

Recent News

Pension schemes urged to prepare for bond market volatility

July 5, 2022

Commodities Week Ahead: Oil, Gold To Swing On Recession Talk, Jobs Data

July 5, 2022

Crypto Currency 2022 Business Scenario – Designer Women

July 5, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter