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Bitcoin: This economist will be comfortable buying in again only when…
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A lot of people are reluctant to jump into the crypto-pool. To them, price volatility in digital assets is a major concern and so is the thread of frauds and hacks.
Ergo, the leading question today should be – What would make this group absolutely comfortable to join the crypto-bandwagon?
It was in this context that Mohamed El-Erian, Former Chair of President Obama’s Global Development Council, shared some insights in a CNBC interview. The economist praised cryptos’ exponential surge this year. Moreover, he revealed that he even HODLed Bitcoin for a brief period, before selling them right before the rally to $60,000.
El-Erian purchased some amount of Bitcoin while it was trading at around $3,000 in the winter of 2018. “I felt compelled to buy
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