The Covid-19 Effect on Cryptocurrency

Delta.App CEO: Investors Going Back into Crypto as a Hedge Against Depreciating Dollar

In a recent interview with InsideBitcoins.com Delta.App Chief Executive Officer Nicolas Van Hoorde revealed that investors were going back to digital assets as a hedge against the depreciating dollar. According to Hoorde, this is a reaction towards the current market uncertainty.

All sectors facing volatility.

During the interview, the chief executive officer noted that there is extreme market volatility across all sectors. According to Hoorde:
“However, we are seeing some investors on eToro going back into crypto as a hedge against a depreciating dollar, caused by the unlimited quantitative easing measures the US Fed announced a couple of weeks ago.”

Ahead of the upcoming Bitcoin halving event, the chief executive noted even with the halving process, Bitcoin and the crypto sector remains volatile. Hoorde affirmed that with maturity concerning regulations and increased adoption rate it will be much easier for people to understand the crypto sector.

On Facebook’s Libra project, Hoorde stated that he was confident the social networking giant would enter the cryptocurrency space but after meeting all regulatory requirements.

Hoorde also commented on institutional investors joining the crypto sector. He asserted that institutional investors are increasingly taking part in the digital asset sector based on the fact that the ‘wild west’ period for the crypto market seems to be over. Already central banks are carrying out studies on how the full blockchain potential can be unlocked.

Read the full interview here: