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Europe's Asset Management Giant Amundi CIO: Bitcoin Is A "farce"

Mary Liu

Summary: According to Reuters, Pascal Blanque, the chief investment officer of Amundi, Europe's largest asset management company, said on Thursday that cryptocurrencies such as Bitcoin are a "farce", as well as a symptom of the formation of a financial market bubble.  "Bitcoin will be remembered for pushing central banks to adopt digital money," he said, and the ...

According to Reuters, Pascal Blanque, the chief investment officer of Amundi, Europe's largest asset management company, said on Thursday that cryptocurrencies such as Bitcoin are a "farce", as well as a symptom of the formation of a financial market bubble. 

"Bitcoin will be remembered for pushing central banks to adopt digital money," he said, and the government and regulators will eventually "stop the music"  for them.

By Mary Liu

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