‘A realistic risk of total loss’: A senior figure at Deutsche Bank’s $880 billion asset management arm warns against bitcoin
- Markus Mueller, Global Head of the Chief Investment Office at Deutsche Asset Management warns investors of “total loss” when buying bitcoin.
- “We do not recommend that. It’s only for investors who invest speculatively,” he said in an interview.
- Mainstream investors and institutions remain split on cryptocurrencies, with some see it as the future of global markets, and others remaining highly sceptical.
Investors in bitcoin face a “realistic risk of total loss” and everyone but the most speculative should steer clear of cryptocurrencies, a senior staff member at the asset management arm of Deutsche Bank has warned.
“We do not recommend that. It’s only for