Business
Fund managers steer clear of Bitcoin despite surging prices – Sydney Morning Herald
Australian fundies remain sceptical of the digital currency’s place as a legitimate investment class despite it cracking the $US20,000 mark.
As an investment, it is extremely volatile and appears to be easily manipulated, he said. Thus it is not a prudent investment, it is not strategic for us as an investor and in our view, it is not sustainable.
WAM chairman Geoff Wilson is skeptical about Bitcoin as an investment class.Credit:James Alcock
Jamie Hannah, the deputy head of investments at global investment manager VanEck said the fund was seeing increasing interest in Bitcoin, especially from financial planners asking on behalf of their…
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