BlackRock Strategist: There's No 'Right or Wrong' Price for Bitcoin

BlackRock Strategist: There’s No ‘Right or Wrong’ Price for Bitcoin

The chief investment strategist for BlackRock, the world’s largest asset manager, said in a new interview that he doesn’t know where to peg the "fair" price of bitcoin. Speaking with Business Insider, Richard Turnill said that cryptocurrencies have experienced "spectacular price increases" in recent months, leading him to conclude: "I would say that cryptocurrencies show many characteristics of a bubble right now." His remarks echo those of other Wall Street-based analysts and investors, including Ray Dalio, who leads the world’s largest hedge fund, that have argued that the cryptocurrency market is in bubble territory . And while BlackRock’s own […]