Amundi CIO calls Bitcoin a farce; says Regulators will 'cancel' cryptocurrency soon
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When it comes to bitcoin and other cryptocurrencies, regulators will eventually "halt the music," stated Amundi's chief investment officer Pascal Blanque. According to Reuters, Blanque termed bitcoin a "farce" and predicted that cryptocurrency regulators will eventually be compelled to call it quits. The CIO went on to propose that before investing in cryptocurrency, investors should increase their exposure to the Chinese RMB.