After a year that has seen the price of Bitcoin bounce from a pandemic panic-dinged low near $5,000 and a recent all-time-high just shy of $20,000, one of the traditional banking giants says that maybe cryptocurrency is worth paying attention to after alland that it's not a fad.
In a new investment strategy report posted yesterday, Wells Fargothe world's fourth-largest bank by market capoffered perspective on Bitcoin and the wider cryptocurrency market. And while it's hardly a recommendation, the report at least strikes an optimistic tone about what it sees as a potential future for wider investments in cryptocurrency.
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