Marcus Swanepoel – current head of the London-based crypto exchange firm Luno – reportedly revealed that a majority of its clients turn to Bitcoin (BTC) for investing and speculating, but move away in terms of transacting. 

Specifically, during an interview with CNBC on August 26, Swanepoel claimed that the number of Luno clients purchased BTC to serve as an instrument of transaction is low. At the same time, investing and speculating take up the most part of all Bitcoin purchase volume. 

“Roughly about 90% I would put into the category of investments slash speculations, so it could be people who have a long term view on it, people who like to trade it and about 10% would be transactions.”

Swanepoel notified that “putting a tiny little bit of money into cryptocurrency” when it comes to managing investment portfolios is a reasonable act, as with high risk, comes extremely large returns. 

Bitcoin (BTC) has been mentioned on an increasing basis in discussions regarding safe haven assets. Recent researches suggested that Bitcoin has the smallest amount of correlation with traditional markets, which let to Bitcoin being treated more and more as a hedge, when central banks worldwide are seemingly having no plans to stop their policy of monetary easing.