DBS Bank's investment strategist and senior vice president, Daryl Ho, thinks Bitcoin is still a great opportunity. Here is why.
DBS Bank’s investment strategist and senior vice president, Daryl Ho, thinks Bitcoin is still a great opportunity. Here is why.
Singaporean financial services firm DBS Bank believes that Bitcoin remains an unprecedented opportunity despite concerns about the high volatility in the crypto market.that Bitcoin’s ability to process continuous transactions without needing a central counterparty for clearing makes it an unprecedented opportunity in history.
“Most of the methods by which you trade assets require a central clearing party to verify the trade. So, it is still an opportunity that fiat money cannot buy because fiat monetary systems are still governed by central banks,” he said. The investment strategist further explained with an illustration of people who had certain rationed assets in their possession in February but could not liquidate them at will because exchanges were closed at some point. In contrast, the bitcoin market is open 24/7 and would enable them to raise cash and liquidity at any time.“I think bitcoin is still unique whether the price changes or not.
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