Cryptocurrencies: Are they a good investment?
By Yoonjai Shin, CFA
Vice-President & Portfolio Manager, Multi-Asset Management
The recent meteoric rise in the price of cryptocurrencies like Bitcoin and Ether has been making waves around the investment community while provoking a wide range of reactions from business leaders, national governments and even celebrities. Cryptocurrencies have been circulating through parts of the global economy for several years beginning with the launch of Bitcoin in 2009. However, their legitimacy and long-term viability as a store of value and medium of exchange is the subject of ongoing debate. Underlying these virtual currencies is blockchain technology, which has often been touted as having the potential to “disrupt” commerce. Investors can no longer ignore this important development.
READ THE FULL ARTICLE >> October 2017