Bitcoin
$41,859.95-6.98%
Ethereum
$2,834.54-8.83%
XRP
$0.922924-6.43%
Cardano
$2.28-1.91%
Polkadot
$29.76-9.18%
Stellar
$0.272507-8.90%
Dogecoin
$0.205777-7.08%
Chainlink
$22.21-11.10%
Uniswap
$19.10-9.34%
Cosmos
$39.55-3.56%
Polygon
$1.09-9.29%
Algorand
$1.71-11.45%
Litecoin
$149.88-7.73%
Bitcoin Cash
$504.96-7.37%
Wrapped Bitcoin
$41,874.55-6.50%
The Graph
$0.659370-11.74%
Filecoin
$59.64-17.13%
Tron
$0.089731-7.44%
Ethereum Classic
$46.53-8.34%
Tezos
$6.86+4.96%
Aave
$270.06-10.45%
Monero
$231.60-8.03%
NEO
$38.37-10.84%
EOS
$3.93-8.66%
IOTA
$1.22-9.58%
BitTorrent
$0.003188-7.55%
Bitcoin SV
$130.75-10.87%
Waves
$23.87-9.61%
Maker
$2,213.28-8.19%
Dash
$160.48-11.71%
Decred
$115.24-4.83%
Decentraland
$0.669839-9.54%
ICON
$1.52-10.75%
NEM
$0.143870-9.59%
Zcash
$107.48-11.03%
OmiseGO
$8.56-10.29%
Paxos Standard
$1.01+0.05%
NuCypher
$0.276805-5.89%
Yearn Finance
$28,809.65-5.61%
Ren
$1.02+0.05%
Qtum
$9.51-10.46%
Bitcoin Gold
$50.58-9.22%
Basic Attention Token
$0.632494-8.76%
Fetch.ai
$0.781673-5.58%
0x
$0.874690-9.63%
Kava.io
$5.86-6.93%
Bancor
$3.35-8.21%
Band Protocol
$7.14-13.28%
Siacoin
$0.014522-8.84%
Nano
$4.54-8.10%
Loopring
$0.372452-8.41%
Civic
$0.447841-10.05%
Storj
$1.05-9.82%
Numeraire
$40.25-5.89%
Lisk
$2.79-8.31%
Orchid
$0.313504-8.96%
PAX Gold
$1,757.02-0.40%
Enzyme
$129.29-7.87%
Augur
$20.28-8.09%
Aragon
$4.64-6.44%
district0x
$0.147909-5.88%
Kyber Network
$1.41-8.53%
SingularDTV
$0.001311+0.81%
Tether
$1.00+0.03%
USD Coin
$1.00+0.02%
Dai
$1.00+0.01%

Crypto Assets Aren’t a ‘Real Investment,’ ECB Vice President Says

Crypto’s weak fundamentals mean investors should be prepared for more price swings, Luis de Guindos said.

May 19, 2021 at 1:54 p.m. UTC
Updated Sep 14, 2021 at 12:57 p.m. UTC

Crypto assets shouldn't be seen as a “real investment,” according to European Central Bank Vice President Luis de Guindos.

  • Difficulties in discerning the underlying value of crypto assets prevent them being classified as real investments, de Guindos said in an interview with Bloomberg TV on Wednesday.
  • Crypto assets have “very weak fundamentals.” Investors should be braced for more price swings, he said.
  • “When you have difficulties to find out what are the real fundamentals of an investment, then what you’re doing is not a real investment.”
  • Crypto investors have had to withstand stomach-churning volatility this month, with the world’s largest cryptocurrency, bitcoin, dropping 34% so far in May, the most in a single month since November 2018.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...