On December 16, Bitcoin price hit all-time record high. The famous cryptocurrency broke above $20,000.00, an increase of over 170% in 2020. As a knock-on effect, cryptocurrency-related companies’ shares also surged.
When wanting to increase your capital via the financial markets, you can choose to invest or speculate (what is commonly known as “trading”). Both approaches are not necessarily polar opposite, they actually have a few similarities. For instance, both share the same cold and concrete goal of increasing one’s capital and making a profit.
Investing in the stock market has never been so popular. Companies such as Amazon and Tesla perform so well that many believe investing in the stock market is easily profitable. For instance, investing £100 in these companies in 2019 would have yielded a 700% return in 2020. The truth is that investing in the stock market only seems easy in hindsight. It is actually a profession in its own right, and requires knowledge, strategy, money, patience and luck. This is why the wealthy usually delegate the management of their portfolio to professionals.
The US elections are taking place in a couple of weeks and both candidates have polar opposite policies.
For the next two years, José Mourinho will be one of the faces representing online brokerage company XTB. If his name sounds familiar, it is because Mourinho is a famous Portuguese football manager who has coached great European teams. He is currently the head of Tottenham Hotspur Football Club.
Antivirus creator John McAfee has been arrested in Spain for tax evasion. He now faces extradition to the United States where he was charged. John McAfee has not publicly commented on these charges but, if found guilty, risks a prison sentence of up to 30 years.
2020 has been a challenging year on many levels. Because of the COVID-19 pandemic, the market has been incredibly volatile. Markets collapsed before skyrocketing and setting new records. Some have gained from it, while others have lost. But is all this behind us now? What will happen in the event of a second wave, or another lockdown? In these uncertain times, many investors and traders are wondering which strategy to adopt.
UK Prime Minister Boris Johnson has submitted a bill that would undermine parts of the Brexit agreement and break international law. The bill was backed by MPs in the Commons 340 votes to 263 and would enable free movement of goods and services across England, Wales, Scotland and Northern Ireland after Brexit. This new law would give the UK government the power to override the legally binding withdrawal agreement between the UK and the EU.