The increase and collapse of Bitcoin values have impacted Cambodia’s stock market. However, in early 2017, when the price of Bitcoin was still relatively low, many people in Cambodia started investing in this digital currency. You can click this link for more info.
As the price of bitcoin began to rise quickly later that year, the share market also started to increase. Finally, in November 2017, the share market reached its highest level ever, with the value of some companies rising by more than 100%.
However, when the price of bitcoin began to fall in early 2018, the share market also started to decline. By May 2018, the value of some companies had decreased by more than 50%. This shows that the share market in Cambodia is very volatile and can be significantly affected by the price of bitcoin.
Bitcoin is a new and growing technology that is having a positive effect on the share market of Cambodia. It brings stability to the market while allowing investors to be more anonymous when investing.
It was recovering from those lows by February, but then again, by March, it was stuck at around $300. Today, bitcoin is still trading between those figures, and it seems like it’s not going to be a significant move either way. There is, however, much that can be managed.
These are just some of the negatives of Bitcoin that should be considered before investing in this cryptocurrency.
While Bitcoin does have its drawbacks, it also has many positives that could benefit the Cambodian Share Market. For example, its volatility is decreasing as it gains in popularity, and it can be transferred anywhere in the world within minutes. This could entice investors from all over the globe to invest in Cambodian companies.
Additionally, as Bitcoin becomes more popular, its infrastructure will grow, making it easier for people to use and invest in. The Cambodian Share Market could be one of the many markets to benefit from Bitcoins growth.
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