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- Danny Masters recently spoke to CNBC in an interview highlighting that the current financial landscape has changed massively where not having any kind of exposure to bitcoin could prove to be riskier then actually investing in it.
Danny Masters, the chairman at CoinShares and former commodity trader at JP Morgan Chase has recently spoken to CNBC in an interview highlighting that the current financial landscape has changed massively where not having any kind of exposure to bitcoin could prove to be riskier than actually investing in it.
Interviewed recently on the network, Danny highlighted the fact that it was previously seen as risky for many asset managers working in institutions to invest and put money into cryptocurrencies such as bitcoin. But he said that as a portfolio manager, is fast migrating into a career-risk for not having Bitcoin in your portfolio, and that’s a really stunning development.”
Kelly Evans, the host of the CNBC segment said the following after his statement:
“That is perfectly well-stated, you’re not going to get fired anymore if you had some Bitcoin, but you might get fired if you didn’t.”
Danny goes on to note that many opinions on bitcoin come as the asset has subsided in volatility. He added that the leading crypto coin is moving away from its stereotypical stigmas when it comes to mainstream investors and even highlights that it is no longer a question of whether companies will get exposure to the asset. Companies such as PayPal are a good example of that.
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