Pascal Blanc: "Bitcoin and other cryptocurrencies are just a farce" – Bits Media

Investment Director of a large French asset management company Amundi Pascal Blanc (Pascal Blanque) stated, that bitcoin and other cryptocurrencies are nothing else, like a farce.

During the conference, Blanc said, that the presence on the market of such assets, as bitcoin, is a sign of an emerging financial bubble. He advised investors to diversify their portfolios with the help of a Chinese yuan, and investing in cryptocurrencies "leave for later".

According to the form, Bitcoin will become that asset, which will force the central banks to release their own cryptocurrencies. However, then the regulators will “turn off music” and bitcoin will go into oblivion.

Bitcoin and other cryptocurrencies really caused, on which many countries are now developing their digital currencies. Including, Cooking digital euros, dollar and even ruble. But, eg, Binance General Director Chanpen Zhao (Changpeng Zhao) considers, that at the current stage of development, bitcoin and blockchain can no longer be stopped.

For the current day, the first cryptocurrency has lost more 5%. The main reason was Ilona Mask. However, criticism from top managers of such large companies, Like Amundi, which manages the assets on 1.7 TRLN euro, also creates a negative information background.