Express
Expert From Research Affiliates: Bitcoin Is Not A Capital Asset Or A Store Of Value
Summary: Alex Pickard, vice president of research at Research Affiliates, a quantitative research company, published an article saying that Bitcoin is not a capital asset or store of value. Pickard claimed that the price of Bitcoin is only driven by a frenzy of retail and institutional funds eager to speculate and profit. Although Bitcoin has been allocated as ...
Alex Pickard, vice president of research at Research Affiliates, a quantitative research company, published an article saying that Bitcoin is not a capital asset or store of value. Pickard claimed that the price of Bitcoin is only driven by a frenzy of retail and institutional funds eager to speculate and profit.
Although Bitcoin has been allocated as reserve capital by many Wall Street companies. Pickard described the bubble is more like a fraud than market madness. The report read: “If the market manipulation story is true, then BTC is not in a bubble in the traditional sense, but is in the midst of something that could be much worse.”
By Mary Liu
Tags: Alex Pickard,Bitcoin,Bubble,Research Affiliates
Link: Expert From Research Affiliates: Bitcoin Is Not A Capital Asset Or A Store Of Value [Copy]
