Allianz CEO called on global regulators to declare crypto currencies illegally. On the other hand, the company's chief financial consultant said that Bitcoin would be a good buy below $ 5,000.
'YOU MUST PROVE'
Andreas Utermann, Chairman of the Board of Directors of Allianz Global Investors, Europe's largest asset manager, expressed his views on the organization of digital assets. According to New York Times reports; Utermann said global legislators should completely ban it. In fact, crypto assets are long to last He also stressed that the bear market will eliminate people's savings.
“You must prohibit this. I'm personally surprised that the organizers have not taken any more confident steps. Düzen
But what the executive doesn't realize is that, governments are unable to close Bitcoin at protocol level. Bitcoin, actually. It was designed to be a censorship-free currency free of external influences as well as government and central bank policies.
Utermann spoke this week at a paneling session in London and alongside Andrew Bailey, chairman of the UK's Financial Administration Agency (FCA). Bailey says that Utermann's approach is ın pretty strong Bail, he added that the crypto assets do not have ad intrinsic value kr.
In March of this year, FCA created a task force to investigate the benefits and risks of digital currencies.
DIRECT WINDOW
As a company out of the CEO, Allianz seems to be more progressive about crypto coins. A company spokesperson Christian in July Is Weishub; Revealed that Allianz is investigating products in the field of crypto assets, especially in the insurance sector.
Sigorta Insurance will be a great opportunity for insurance without encryption. [Iyor] Digital assets are becoming more and more important in the real economy. We investigate product and coverage options in this area.
More importantly, Utermann's recent statement; Allianz's financial director Mohamed El-Erian. Just a few weeks ago El-Erian said:
Acak I think crypto currencies will exist. They will become even more widespread, part of an ecosystem. They won't be as dominant as some believe early. Bazı
The finance expert also described his thoughts about Bitcoin in June.
”If the price of BTC falls below $ 5,000, it will be a great purchase opportunity.“
Source: bitcoinist