Global investment management firm Pimco considers starting cryptocurrency trading. More so, this is according to a report by CNBC.
Furthermore, Daniel Ivascyn, Pimco chief investment officer explains During CNBC’s Delivering Alpha conference. Notably, He says that the $2.21 trillion investment management firm is considering integrating crypto into its business.
“Now we’re looking at potentially trading certain cryptocurrencies as part of our…”
“trend-following strategies or quant-oriented strategies,..”
“then doing more work on the fundamental side.”
So, Daniel Ivascyn, Pimco chief investment officer explains
Furthermore, Several hedge fund portfolios of the fixed-income giant are already showing interest. More so, putting their funds into trading cryptocurrency-backed securities.
However, Ivascyn states that finance decentralization is a disruptive force that could threaten Pimco’s business. Therefore, it has to adapt to the new environment.
Recall, In December Pimco market strategist, Tony Crescenzi notes that Bitcoin is not money.
Related Posts –
Gensler, SEC Chair Discusses Issues Around The Bitcoin-linked ETF
Galaxy Interactive Rises Additional $325M Fund For Metaverse and Next Gen…
DonAlt, Crypto Analyst Says That Altcoins May Suffer As Bitcoin Makes…
Chainalysis Adds Bitcoin To Its Balance Sheet, As NYDIG Offers Help
