the Federal Reserve’s global weekly commentary suggested that cryptocurrencies could gain wider acceptance but are not part of mainstream investment portfolios. Citing high volatility, unique operational risks and the lack of regulation, it found attempting to value cryptocurrencies is challenging due to its lack of cash flow, earnings or interest rates. However, the commentary joins the chorus of "blockchain not bitcoin" and envisages that businesses and policymakers will develop consensus positions about using blockchain in a variety of industries. While highlighting the benefits of a single financial ledger the commentary regards the involvement of central banks and regulators as necessary.
BlackRock’s global weekly commentary suggested that cryptocurrencies could gain wider acceptance but are not part of mainstream investment portfolios. Citing high volatility, unique operational risks and the lack of regulation, it found attempting to value cryptocurrencies is challenging due to its lack of cash flow, earnings or interest rates. However, the commentary joins the chorus of "blockchain not bitcoin" and envisages that businesses and policymakers will develop consensus positions about using blockchain in a variety of industries. While highlighting the benefits of a single financial ledger the commentary regards the involvement of central banks and regulators as necessary.