![Barclays Private Bank's Chief Market Strategist shares his opinion on Bitcoin](http://bitcoinworld.co.in/wp-content/uploads/2020/10/Bitcoin-3-1024x711.jpg)
Bitcoin’s recent bull run of above $40,000 garnered the attention of various institutional investors. However, Barclays’ Private Bank Chief Market Strategist, Gerald Moser doesn’t appear fascinated. For Moser, the price variations connected with Bitcoin are so severe that funding them is not a good idea.
Gerald Moser recently asserted that Bitcoin is nothing more than an ‘uninvestable’ asset. The strategist, who has been the brain behind the bank’s investment strategy, views bitcoin as a high-risk asset not worth appending to an investment portfolio. Numerous investors rally throughout Bitcoin as a hedge against inflation, including governments and institutional investors. However, the private bank’s strategist reveals his concern over the Bitcoin volatility. Moser’s comments note that the typical Walls Street investor is not satisfied with very volatile assets, regardless of how profitable it professes to be.
Gerald Moser compares Bitcoin to oil and equities
He says that there might be possibilities where investors abandon Bitcoin if the crypto suffers any unusual obstacles. He further compares Bitcoin to other risk-prone assets such as oil and equities. Similar to Moser’s perspective, Goldman Sachs, an American international investment bank, had earlier advised its customers to stay away from bitcoin. It alleged that the currency is not an asset class. The bank guided to the then march sell-off as proof that bitcoin is too unpredictable.
Nevertheless, not everyone supports this pessimistic view. MicroStrategy is one of the organizations that decided to place a lot of surface in the game. Thus, obtaining more than 70K Bitcoin in 2020. The CEO Michael Saylor has become one of Bitcoin evangelists contributing everything from free courses on understanding Bitcoin to unusual statements like stating that God could have created BTC.
Other major international institutions and banks have also recommended Bitcoin. It insisted that it’s a much more experienced asset with substantial room to grow. For instance, during the Web Summit, PayPal’s CEO said he was very bullish on digital currencies of all types. Other mainstream banks worldwide are beginning to extend crypto-related services, develop their views, appreciate bitcoin, and use the blockchain for its internal operations.
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