US fund sees bitcoin as ‘one of the most profitable assets,’ alternative to US$150 trillion of sub-zero yielding cash and bonds

Source: Tech – South China Morning PostInflation and relaxed monetary policies are poised to erode US$150 trillion worth of bonds and cash of their real value over the next decade, giving alternative assets like bitcoin a leg up, according to US money manager Capital Group.Bitcoin should “interest anyone interacting with money”, equity portfolio manager Mark Casey said during a webinar on Wednesday, making one of its most high-profile calls on the oldest digital currencies. Bitcoin could become “one of the most profitable assets,”…Read More

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