Prof. Naseem Abidi
Bitcoin is surging again with investors seeking new options to park their funds. With volatility attached to these digital assets, fears of treating it as an asset class seem blurring.
Analysts at Morgan Stanley recently said that with the large decline in the dollar, deeply negative real yields and continued policy uncertainty, investors have been looking for alternatives to traditional cash holdings. Innovation in digital assets continues rapidly and will likely drive increased institutional participation over time.
So does it mean Bitcoin is poised for a systematic asset-class investment with both US Treasury Secretary Janet Yellen and European Central Bank President Christine Lagarde calling for regulatory framework or limit the usage of this most sought after asset?
Source: https://www.khaleejtimes.com/business/bitcoin-asset-class-in-offing