Biggest Money Manager in the World Says There Is No Fair Value for Bitcoin – Bitcoints

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Published on October 21st, 2017 | by bitcoin

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Biggest Money Manager in the World Says There Is No Fair Value for Bitcoin

Biggest Money Manager in the World Says There Is No Fair Value for BitcoinRichard Turnhill, the strategist for BlackRock Financial and therefore the largest money manager in the world, owns no Bitcoin, and doesn’t know what a fair price would be.

The interview includes bullish predictions on effectively everything, from equities to stocks, with the final statement about Bitcoin being the only relatively negative comment.
you know, I’m an investor, I like to think about the fair value of stocks of bonds.

I can’t answer what’s the fair value for bitcoin or any cryptocurrency.

While the rising price is certainly good, in the short term, long term increases in value will come as more people begin to understand the nature of Bitcoin, consensus systems, and how value is defined.

Source: Cointelegraph.com

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