- June 30, 2021
- Posted by: Stratford Team
- Category: Business
Greg King, Osprey Funds CEO, says he’s used to volatility related to Bitcoin and argued that investing in cryptocurrencies is ‘actually tech investing.’
Bitcoin was trading around 1% higher on Wednesday morning.
The price was around $35,170 per coin, while rivals Ethereum and Dogecoin were trading at around $2,159 and 25 cents per coin, respectively, according to Coindesk.
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BNY Mellon says it’s the first global bank to allow clients to hold, transfer and issue digital currencies. But one of its own asset management units has questions, according to Bloomberg.
Insight Investment, which manages about $1 trillion, says high volatility, lack of liquidity and concerns over governance, may not make Bitcoin suitable for most institutional investors, according to Francesca Fornasari, head of currency solutions.
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“We’re skeptical in terms of the ability of Bitcoin to take…