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Cryptocurrencies such as bitcoin are a "farce" and a symptom of bubbles forming in financial markets, Amundi chief investment officer Pascal Blanque said.
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 was a symptom of the bubbles forming in markets.
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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.
CIO of Amundi, Europe's Second Largest Asset Manager, Calls Bitcoin a 'Farce' On 6/3/21 at 10:19 AM EDT According to Reuters, Amundi CIO Pascal Blanque made his comments about Bitcoin during a recent news conference. "Bitcoin will be remembered for pushing central banks to adopt digital money," Blanque said during the news conference, according to Reuters. Reuters also reported that Blanque added that regulators and governments will ultimately "stop the music," with Bitcoin and other cryptocurrencies. In response to a comment request, a spokesperson for Amundi directed Newsweek to the asset ...
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...