The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Bitcoin seduces institutional investors as coronavirus spreads

The cryptocurrency has surged in 2020, as investors worry that coronavirus-exposed equity and bond markets are set to crash.


Read all Euromoney coronavirus coverage

In Asia and Europe, stock markets were selling off at the start of the last week in February, after a rise in reported cases of coronavirus in Korea, Italy and Iran.

Investors fled to classic risk-off trades, with the yield on 10-year US Treasury notes falling below 1.4%.

What has been the best place for an investor to put their money so far, this year?

Amid the spread of coronavirus, concerns about slowing global economic growth and simmering trade tensions, the US stock markets had still performed strongly from the start of 2020 to mid-February.

By Wednesday, the tech-heavy Nasdaq had risen 8.5%,

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree