Bitcoin and Ether have plunged more than 8% over the past 24 hours to 34800, according to Gate.io, as Russia Attacks Urkarain.
Bitcoin, like Gold, is widely accepted as a safe haven currency in those tail-risk events, like war, or tapper from the Fed. However, at the same time, Gold future main contract has risen to a one-year high 1950.
Statistics shows that the correlation between Bitcoin and Standard and Poor’s 500 has reached a record high 0.618.
The logic behind cryptocurrencies has already made a paradigm shift.
One of the reasons is the vast participation of institutions from the traditional finance industry. The acceptance of cryptocurrencies as an asset strongly increases the correlation between the real-world and virtual one.
And also from the war between Russia and Urkarain, investors begin to realize that under these war circumstances, gold, drugs, food, and weapons can be made of better use than Bitcoin, since the internet infrastructure may not be functional during the war.
All of the above has shown us a more volatile market in the future. Investors had better control their risks and drawdowns with Principal-Protected Structured Products.
1. Double No-Touch
If you are not sure of the directions of the market, with this structure, you get a high annualized return of 35% if the BTC price lies within 40k and 45k during the next week, and a low return of 1% if the BTC price ever moves out of the range.
2. Bullish Shark-Fin
if you are bullish on the market, an only small move of 1000 in BTC price, they start to get a return as high as 40%, and at least 10% if the price goes too far.(You only get 1% in the old Shark-Fin)
3. Bearish Shark-Fin
if you are bullish on the market, an only small move of 1000 in BTC price, you start to get a return as high as 40%, and at least 10% if the price goes too far.(You only get 1% in old Shark-Fin)
With the first three types of Structures, Double-No-Touch, Bullish and Bearish Shark-Fin, clients with different views on the market, and with risk appetites(change the parameters, i.e. 100% vs -10%), can always find the right product they want. They no longer need to trade 24/7 and worry about forced liquidation.
Gate.io Principal-Protected Structured Products, help you wade through the up-coming volatile periods.
( In phase 2 and 3, more radical structures will be available, clients would get much more rewards on their view of the market.)
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