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Barclays: Bitcoin is not suitable for institutional investors


Gerald Moser, chief strategist at financial conglomerate Barclays, believes Bitcoin is unsuitable for institutional investors. It is reported by Financial News.

Bitcoin’s volatility will prevent pension funds and other large investors from investing in cryptocurrency on a long-term basis, Moser said.

“Investors will simply exclude cryptocurrency from the portfolio during the next optimization,” he said.

According to Moser, the high profitability of bitcoin is due to the participation of retail buyers rather than institutional investment.

The strategist also stated that Bitcoin is not suitable for risk diversification. As the reason, the specialist named the absence of a pronounced correlation between the cryptocurrency and any asset since 2016.

Note that in 2020, public companies acquired more than 1 million BTC (5.57% of the cryptocurrency market supply).

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