Connect with us

Hi, what are you looking for?

Videos

Cryptocurrency Critique from Pimco’s Crescenzi: Bitcoin’s Non-Monetary Status

Dec. 23 — According to Tony Crescenzi, a market strategist and investment manager at Pacific Investment Management Company, Bitcoin is not regarded as currency but rather a means of transaction. Citing the absence of a reliable authority, Crescenzi described Bitcoin as a somewhat uncertain form of exchange during an appearance on “Bloomberg Surveillance.”

Credit: YouTube/Bloomberg Television

You May Also Like

Stocks

Previously, in April, the CEO of Tesla and SpaceX, Elon Musk, caused quite a stir by revealing his intentions to procure the entire social...

Stocks

Concerns about rising prices are impacting the entire economy of the United States, and one sector that is particularly affected is the real estate...

Stocks

Kellogg, a major supplier of packaged foods in the United States and globally, has maintained overall centralized control of all its owned labels during...

Stocks

This morning, esteemed financial institution Goldman Sachs unveiled its second-quarter financial results. Similar to other prominent financial firms, the bank’s profits took a hit...