‘Risk profile of crypto as long-term investment is terrible’4 min read 30 Jun 2022, 12:33 PM IST
'As Central Bank Digital Currencies become more commonplace, they present an existential threat to cryptocurrencies, especially stablecoins, as they offer most of the benefits of crytpo, but with almost no liquidity or credit risk'
From over a $3 trillion mark, the market capitalization of the crypto market has slumped to below the $1 trillion level amid one of the biggest crashes in digital assets. Global asset management firm, PGIM’s latest Megatrends research series explored investment opportunities in cryptocurrencies.
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