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Wells Fargo's Report Introduces Bitcoin and Cryptocurrencies

Mary Liu

Summary: According to Bloomberg, the investment research institute under Wells Fargo, the traditional American banking giant, has released a seven-page wealth management report for its client, one of the seven pages introduces Bitcoin and cryptocurrencies. The report uses graphs to show the price of Bitcoin relative to gold and the S&P 500 Index and states: “Cryptocurrency ...

According to Bloomberg, the investment research institute under Wells Fargo, the traditional American banking giant, has released a seven-page wealth management report for its client, one of the seven pages introduces Bitcoin and cryptocurrencies. The report uses graphs to show the price of Bitcoin relative to gold and the S&P 500 Index and states: “Cryptocurrency investing is a bit like living in the early days of the 1850s gold rush, as we roll into 2021, we’ll be discussing the digital-asset space more – its upside and downside.”

By Mary Liu

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