15:01
Bitcoin’s value ‘entirely based on wishful thinking’, says Deutsche Bank


The value of bitcoin is “entirely based on wishful thinking”, Deutsche Bank has said in a note to clients, adding that the cryptocurrency had now become “tacky” rather than trendy for investors.

The investment bank weighed in on the cryptocurrency’s future after a flash crash saw bitcoin drop more than 30% to below $30,000 in a matter of hours on 19 May. It has later recovered to around the $40,000 mark, but remains incredibly volatile.

“Bitcoin’s...

Source:fnlondon.com

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Category: News | Views: 140 | Added by: danyagames2007 | Tags: #Bitcoin #Bitcoin markets #BTC | Rating: 0.0/0
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