Why Bitcoin Is Unlikely To Become An Investment Tool: Pictet

Why Bitcoin Is Unlikely To Become An Investment Tool: Pictet


Why Bitcoin Is Unlikely To Become An Investment Tool: Pictet
Benzinga
4 hrs ago
Bitcoin Still Presents Too Many Shortcomings, Beginning With Mining Sustainability.
In mid-March, Bitcoin crossed the threshold of $60,000 for the first time and, for a few days now, has been hovering around $58,000. This recent surge has brought back attention to the ultimate cryptocurrency, while investors from all over the world have started wondering again - as usual - whether Bitcoin can be considered as a real investment tool.
Popular Searches
Monetary Policy Barometer: Luca Paolini,
Pictet Asset Management's Chief Strategist, dwelled on the pros and cons of Bitcoin, reaching the conclusion that it is unlikely to become a real investment tool, and much less likely to substitute the dollar. According to Paolini, it is no coincidence that Bitcoin value rose along with inflation concerns, since "cryptocurrencies have become sentiment barometers on central banks' aggressive monetary policy." Basically, such policies "have lowered interest rates and bond yields below the inflation rate, thus imposing negative returns on investors following inflation adjustment."

Related Keywords

Argentina , Janet Yellen , Luca Paolini , Mastercard Inc , Nasdaq , Tesla Inc , Benzingaaccording To Luca Paolini , Pictet Asset Management , Chief Strategist , Bitcoin Still Presents Too Many Shortcomings , Beginning With Mining , Policy Barometer , Secretary Janet Yellen , அர்ஜெண்டினா , லூகா பாவொலீநீ , மாஸ்டர்கார்டு இன்க் , நாஸ்டாக் , டெஸ்லா இன்க் , தலைமை மூலோபாயவாதி ,

© 2025 Vimarsana