It’s not the end of crypto: EU asset manager gives 5 reasons why
Despite Bitcoin failing as an inflation hedge in 2021 and 2022, its limited supply may still attract more attention if inflation remains above central banks’ targets. The ongoing crypto currency winter and massive collapses in the industry do not mean that digital asset s like Bitcoin (BTC) are doomed to fail, according to a major European asset manager . Despite BTC failing to protect investors against rising inflation in 2021 and 2022, Bitcoin’s limited supply may still attract more attention if inflation remains above central banks’ targets, according to investment executives at Paris-based investment manager Amundi. Amundi chief investment officer Vincent Mortier and macroeconomist Tristan Perrier on March 2 released a thematic paper analyzing the state and the perspectives of the crypto market. The executives argued that Bitcoin has failed to serve as an inflation hedge over the past two years due to “dramatic rises in policy and market interest rates” that pressured “all asset ...