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BNP Paribas CEO Says NFTs Are The Riskiest Asset Class Ever

The BNP Paribas CEO believes NFTs are the riskiest digital asset class but he also thinks that the sector could become a solid infrastructure for the virtual economy as we are reading more in our latest cryptocurrency news today. The latest NFT boom saw a few people make a ton of money from digital collectibles from things like virtual lands, sports cards, and artworks, and even tweets which became non-fungible tokens as of late. With this mania evolving, the investors are worried that they are entering another bubble and more recently, John Egan, CEO of the French bank L’Atelier BNP…

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Report: Bitcoin Untied from the Economic Cycle, ‘Largely Uncorrelated to Other Asset Classes’

On Tuesday, Coinshares Investment strategist James Butterfill published a report which shows that bitcoin is a unique asset, but is “largely uncorrelated to other asset classes” like commodities and traditional stocks. Coinshares Investment strategist James Butterfill published a new report on August 18 that shows bitcoin (BTC) is establishing itself as an investment store of value. Butterfill’s report notes that BTC is “less correlated to the economic cycle” and the crypto asset is uncorrelated to other asset classes in the investment world. One of the trends highlighted is how investors holding BTC for one year or longer jumped from 30%…

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