DAVOS, Switzerland, Jan 23 (Reuters) – While Bitcoin surged past $100,000 and U.S. President Donald Trump, calling himself a “crypto president,” took office, many of the world’s largest investors remain cautious.
Thank you for reading this post, don't forget to subscribe!Anne Walsh, chief investment officer at Guggenheim Partners, which manages over $335 billion, stated that while she is neither an advocate nor a critic of cryptocurrency, she views it more as an indicator of market risk appetite rather than a true alternative to banking.
Nicolai Tangen, CEO of Norway’s $1.8 trillion sovereign wealth fund, also expressed skepticism, saying crypto would not be added to their portfolio.
Despite Bitcoin’s recent record high of $109,071, fueled by optimism over Trump’s policies and new investment vehicles, investors like Saira Malik from Nuveen ($1.3 trillion in assets) and Melissa Stolfi from TCW Group ($200 billion in assets) remain focused on traditional investments, with Malik citing the challenge of determining crypto’s true fundamental value.
