Bitcoin has “a variety of similarities” with gold, and client fears of the cryptocurrency being stolen are fading, in accordance with a brand new r
Bitcoin has “a variety of similarities” with gold, and client fears of the cryptocurrency being stolen are fading, in accordance with a brand new report from a unit of the bond-rating and investment-index agency Commonplace & Poor’s.
“Issues of bitcoin theft had been rampant a couple of years in the past,” Jim Wiederhold, affiliate director for commodities and actual property for S&P Dow Jones Indices, mentioned in excerpts of the report emailed by a press consultant for the New York-based firm. “As Bitcoin turns into extra mainstream, these worries are fading, although lingering know-how and trade counterparts dangers stay.”
S&P joins a rising checklist of Wall Avenue companies to weigh in on bitcoin after costs for the cryptocurrency quadrupled in 2020, producing recent curiosity amongst huge institutional traders together with BlackRock, the world’s largest cash supervisor.