Deutsche Bank allowed bitcoin to become the “digital gold of the 21st century.
The bank’s market strategist Marion Laboure stated that people have always been looking for assets that are not controlled by governments. She also called bitcoin too volatile to be considered a reliable store of value.
The strategist also cited a lack of regulation as the main problem with cryptocurrencies. Another drawback of digital assets, in her opinion, is the threat to the environment. However, Laboure believes the situation will change for the better in the coming years.