5 reasons to consider adding the DCX10 to your portfolio
2 min readSep 9, 2019
We asked Earle our CEO simply “what are the 5 reasons to consider adding the DCX10 token to your portfolio?”
- An ever weakening Rand: Local and global issues have not been easy on the Rand as of late — the last 30 days have seen the Rand weaken from roughly 13.90 to 15.30 against the dollar. Since DCX10 is exposed to the top 10 Cryptocurrencies, mainly traded against USD, it likes a weak Rand.
- Bitcoin dominance: Bitcoin’s dominance (percentage of total crypto market cap) is touching 70 percent, a level not seen since April 2017 just before the previous crypto bull market during which Bitcoin was overshadowed by the alternative coins (‘altcoins’). DCX10 gives you exposure to both BTC and altcoins — whether history repeats itself or not, you’re covered.
- Flight to safety narrative: It’s been all the talk on crypto social media — in the midst of trade wars and global market volatility, could Bitcoin be digital gold? It took a hammering last week, but BTC is up roughly 170% YTD. Gold up 17% YTD.
- Institutional crypto adoption: Whether institutions were going to adopt crypto or not was an open question about 12 months ago. We now know the answer. “We’re seeing $200–400M a week in new crypto deposits come in from institutional customers,” says Brian Armstrong, CEO of Coinbase, the largest US Crypto exchange.
- 17 Trillion dollars of negative yielding debt: That’s Trillion with a T! Every day the eye-popping amount of debt grows. What is negative yielding debt? Buying a bond with a negative yield means that investors are willing to PAY, in this case, governments and even some corporates, to keep their money safe. If Bitcoin were a bond, it would have a 0% yield — better than 17 trillion of debt and that’s not counting capital gain potential.
Happy Investing.