It’s not the end of crypto: EU asset manager gives 5 reasons why

It’s not the end of crypto: EU asset manager gives 5 reasons why

The ongoing cryptocurrency winter and massive collapses in the industry do not mean that digital assets 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 the central banks’ targets, according to investment executives at Paris-based investment manager Amundi.

Amundi’s chief investment officer Mortier Vincent and macroeconomist Perrier Tristan on March 2 released a thematic paper analyzing the state and the perspectives of the crypto market. The exec 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

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