September 25, 2021
Business

Investment expert warns Bitcoin lacks key elements to make it a currency of the future

express– Speaking to Express.co.uk, Chris Clothier, fund manager at London-based CG Asset Management, warned potential investors in Bitcoin that despite what proponents of the cryptocurrency may say, Bitcoin lacks a fundamental element for it to be used as a transactional currency of the future. While he acknowledged the possible strengths of the blockchain network, he stressed that the market will change and investors should be careful of where they place their money. Mr Clothier’s comments come as a mania of investing in Bitcoin along with various other cryptocurrencies have garnered huge traction, especially in young people. His comments come as the the UK’s Financial Conduct Authority banned Binanance from trading in the UK through fears of its unregulated activity.

Related Posts