Investment guru called the price at which you can invest in cryptocurrency number 1 .
Mohamed El-Erian, a senior adviser on macroeconomics of Allianz, is considered one of the most migratory of candidates for the post of head of the World Bank as it writes Bloomberg. His candidacy is also supported by US President Donald Trump.
The World Bank under the previous leader, Jim Yoon Kim, has already shown great interest in blockchain and cryptocurrencies . In particular, a publication is posted on the organization’s website, which refers to the great potential of the distributed registry technology in the “transformation” of the global money transfer system.
The head of an influential international organization, whose main goal is to reduce poverty in the world, on October 11, 2018, said that Bitcoin has “enormous opportunities”, since
"Thanks to technological innovations, the world is ready to make a big step forward in order to abandon the already unproductive principles of the financial markets."
The new potential head of the World Bank, Mohammed El-Erian, announced in June 2018 that when Bitcoin prices go down for a level of $ 5,000, this is a good time to invest in this asset. The investment guru also admitted that he invested a small amount in Bitcoins when they left last time below the specified mark.
He also noted that there is a steady process of distribution of digital assets in the world. El-Erian, who prior to working at Allianz, was the president of one of the largest investment holdings in the world, PIMCO, is convinced that cryptocurrency is a commodity, not a security or, in the full sense of the word, money. The integration of cryptocurrency into the world of institutional finance will continue, and digital assets will perform some of the functions of money, in particular, savings.
Publication date 04.02.2019
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