The main market strategist Barclays Private Bank said that high volatility and the impossibility of forecasting the Bitcoin course make it an unsuitable asset for investment.
Despite the recent increase in the price of up to $ 40 thousand, Gerald Moser is confident that BTC is a bad choice for investing.
According to him, the problem of cryptocurrencies is that when working with Bitcoin, it is impossible to predict the expected yield. In combination with strong and frequent price fluctuations, the digital asset becomes an inappropriate option for inclusion in the investment portfolio.
Gerald Moser also says that VTC volatility imitates the behavior of other risky assets, therefore, most likely, many will exclude it from their portfolio in the process of standard optimization. When adding that the effectiveness of the asset is often determined by the support of retail investors during the periods of unstable jumps, and not institutional institutions.
Although most financiers accepted Bitcoin, part is still afraid. For example, last week the owner of the consulting firm West Riding Personal Financial Solution called on the government to prohibit cryptocurrency transactions.
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