Bitcoin is too speculative for Wells Fargo

One of the largest banks of the world said to their investors, in 2020 the bitcoin is the best performing asset. And at the same time, one of the riskiest, thanks to its volatility. The report compared the current cryptosphere to the gold rush in the 1850s. Overall the bank doesn’t want to ignore the industry, and the next year they planned a detailed discussion on the topic.

The big gains of bitcoin delivered higher attention from the mainstream and the buying spree from public companies also was between the important news. But it is still a fact, from the view of the traditional investment sector, the asset-class is young, volatile, and at risk. The majority of investors want to avoid the high risk, they won’t jump so fast into the new opportunities.