Cryptocurrencies Find a Home as an "Asset Class"

 https://on.ft.com/3QA2Zxr

Crypto has gone through a number of transfigurations in the past decade from a medium of exchange, to a disrupter of traditional payment systems, to a hedge against inflation and instability. None of these have outlasted the hype. Its latest incarnation is as an asset class and trading vehicle, initially for wealthy and institutional investors as illustrated by the offerings from Fidelity, Charles Schwab, and, most telling, BlackRock's inclusion of Bitcoins on its vaunted Alladin system. Given crypto's notorious volatility, regulatory uncertainty, susceptibility to fraud, and changing hype, this relatively new embrace of cryptos should be adopted cautiously or avoided until it proves itself as a reliable asset class. #cryptocurrency # #BlackRock, #Fidelity, #CharlesSchwab, #assetclass, #investing, #bitcoin, #Alladin, #alternativeinvestments, #ezrazask, #binance, #assetmanagement, #assetallocation