Charles Schwab chief strategist: "maverick" bitcoin
Jeffrey Kleintop, Charles Schwab, chief global investment strategist at Schwab Capital, was asked today in an interview with Business Insider whether he believes there is a bubble in Bitcoin . In this regard, he said: bitcoin is "kind of its own thing", because of its own "independence" and difficult to predict.
Bitcoin recovered from last week's turmoil in the currency, a high-priced, highly volatile digital currency that recently took up some of its gains, breaking the $ 20,000 mark after a strong rebound.
Although analysts keep a common saying about Bitcoin - "like a bubble", Jeffrey Kleintop apparently did not completely agree that he chose to give Bitcoin a positive definition - an unknown and unique phenomenon . Describing the anomalous nature of Bitcoin, he told Business Insider:
"The bitcoin bubble, if you want to call it that way, is not the same as mine, because the price plummeted because it is highly independent from the financial system and it has not yet been embedded in the economy and Financial structure. "
Henry Blodget, CEO of Business Insider, is as subtle as diplomatic rhetoric:
"Bitcoin can be a bubble, but it can still change the world."
Although analysts keep a common saying about Bitcoin - "like a bubble", Jeffrey Kleintop apparently did not completely agree that he chose to give Bitcoin a positive definition - an unknown and unique phenomenon . Describing the anomalous nature of Bitcoin, he told Business Insider:
"The bitcoin bubble, if you want to call it that way, is not the same as mine, because the price plummeted because it is highly independent from the financial system and it has not yet been embedded in the economy and Financial structure. "
Henry Blodget, CEO of Business Insider, is as subtle as diplomatic rhetoric:
"Bitcoin can be a bubble, but it can still change the world."
