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Bitcoin ‘fascinating’ because perception of risk and the economy is changing, fund manager says

January 9, 2018

Via: CNBC

People are pouring money into bitcoin and other cryptocurrencies because they are more willing to take risks in a benign economic environment, according to a fund manager.

“To me, the big issue in markets is actually we have been in denial as investors globally about how good things are,” Eric Lonergan, macro fund manager at M&G, told CNBC on Tuesday.

“But what this is telling you on the ground is people’s experience of economic conditions is actually a good one, and so they are willing to take a risk.”

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