Ethereum Prices Might Go Under $2,000 In The Near Future.
Leave a comment
Your email address will not be published. Required fields are marked *
Bitcoin Can Be An Honest Asset For Institutional Investors.
2021-02-26 | Selina Mathew
“The more you get a real regulatory ecosystem developing around Bitcoin and other currencies, the more other sorts of investors are getting to be comfortable coming in, that’s getting to bring liquidity, that’s getting to reduce the volatility.”“So i assume if there was one thing I were watching first, it might be seeing more regulatory certainty,” Patterson said, adding, “I'm unsure when that’s getting to are available the United States” Patterson also added that she doesn’t check out Bitcoin as an “alternative currency” but rather as digital gold. “If anything, it’s an alternate to gold or digital gold. I feel that might be the higher comparison,” she added. Patterson said that a lot of investors are looking to Bitcoin over concerns about inflation triggered by financial institution money printing. However, for Bridgewater, Bitcoin still must prove its status as digital gold:
“As institutional investors, we do not know yet if it’s getting to be digital gold, it's going to be over time, but I don’t think we will say that confidently yet. And that affects whether or not our client should own it.”
