Why Deutsche Bank’s CIO says bitcoin is ‘here to stay’

April 26, 2021

Cryptocurrencies such as bitcoin are “here to stay” but are far from becoming a mainstream asset class, a top official at Deutsche Bank has said.

The German lender’s global chief investment officer Christian Nolting said that while cryptocurrencies have achieved widespread adoption, arguments for cryptocurrencies as an important means of portfolio diversification “need to be treated with caution”.