A traditional asset manager has said it is “delusional” to think Bitcoin is a “fad”, as interest from investors snowballs.
Speaking to the Financial Advisor, Neil Waxman, managing director of Capital Advisors, said that the investment community requires “education” on virtual currencies as a financial opportunity.
“Anyone who thinks this is a fad is deluding themselves – clients really need to be educated on this topic,” he told the publication.
Virtual assets are still in the midst of multiple metamorphoses, with US regulators ironing out the legislative landscape for coins and tokens while Bitcoin faces challenges of its own.
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