RATE Group | Forget the Bitcoin price! I’d invest £10k in cheap FTSE 100 dividend shares today
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Forget the Bitcoin price! I’d invest £10k in cheap FTSE 100 dividend shares today

02 Feb Forget the Bitcoin price! I’d invest £10k in cheap FTSE 100 dividend shares today

Posted at 15:45h in Bitcoin News by

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The performances of Bitcoin and the FTSE 100 have been markedly different since the start of 2020. While the virtual currency has gained around 25%, the FTSE 100 has experienced a high degree of uncertainty due to the coronavirus outbreak.

In the near term, the two assets may continue to experience differing return profiles. This may cause investors to consider buying Bitcoin, rather than FTSE 100 shares.

However, with the index currently appearing to offer good value for money, and it having a strong track record of recovering from its challenging periods, now could be the right time to invest £10k, or any other amount, in large-cap shares.

Recovery potential

In the short run, the FTSE 100 could fall due to the existence of a variety of risks. They include the aforementioned threats posed by coronavirus, which could disrupt global supply chains and cause consumer sentiment to decline. In addition, US political risks are at elevated levels in 2020, while the impact of Brexit on the…

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