Cryptos such as Bitcoin are a farce: Amundi CIO
Cryptos such as Bitcoin are a farce: Amundi CIO SECTIONS Last Updated: Jun 03, 2021, 09:14 PM IST Share Reuters Related LONDON: Cryptocurrencies such as bitcoin are a "farce" and a symptom of bubbles forming in financial markets, Amundi chief investment officer Pascal Blanque said on Thursday. Bitcoin, trading at around $39,364, fell 35% last month after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and trading of the largest cryptocurrency. Speaking at a news conference, Blanque described the crypto currency as a "farce," adding that it w...
Source: indiatimes.com