$81 Billion Allianz Says Bitcoin is a Bubble, Search Engine Results Show Otherwise

On March 14, $81 billion investment firm Allianz stated in a report released by the firm’s global economics and strategy head Stefan Hofrichter that the cryptocurrency market, regardless of its liquidity, is a bubble. Intrinsic Value Again Hofrichter stated that cryptocurrencies like bitcoin lack intrinsic value, and that the base value of cryptocurrencies is zero.

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