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$6 TRILLION INVESTMENT CHIEF: Bitcoin is a bubble

Jacqui Frank,Kara Chin,Joe CiolliOct 23, 2017, 18:20 IST

Business Insider

Business Insider executive editor Sara Silverstein speaks with Richard Turnill, global chief investment strategist at BlackRock, which oversees $6 trillion. He says that while he thinks blockchain technology will be adopted more over time, but that doesn't mean that cryptocurrencies should keep going higher and higher. He says they show a lot of the characteristics of a bubble. Lastly, he argues that bitcoin has no fair value right now, which is why he doesn't own it.

Get the latest Bitcoin price here.