$6 TRILLION INVESTMENT CHIEF: Bitcoin is a bubble

Business Insider executive editor Sara Silverstein speaks with Richard Turnill, global chief investment strategist at BlackRock, which oversees $US6 trillion. He says that while he thinks blockchain technology will be adopted more over time, but that doesn’t mean that cryptocurrencies should keep going higher and higher. He says they show a lot of the characteristics of a bubble. Lastly, he argues that bitcoin has no fair value right now, which is why he doesn’t own it.

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