The Bitcoin Debate Rages On. “No Fundamental Value There”

 

Every financial bigwig is giving us their two cents on Bitcoin. But ultimately only time will tell the true story of the popular cryptocurrency.

 

 

Business Insider’s Sara Silverstein recently spoke with the CEO of Principal Global Investors Jim McCaughan about bitcoin’s volatility and its future as a currency.

McCaughan believes bitcoin’s volatility is due to its lack of fundamental value. He thinks bitcoin has become a temporary substitute for gold but doesn’t believe it will displace it in the long run.

 

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