The Bank of England has published earlier this week a Discussion Paper which aims to broaden the debate around new forms of digital money and seek views on the Bank’s emerging thoughts on the subject.
Bitcoin, like most asset classes, was hit hard by the coronavirus crisis. As global markets were falling back in March 2020, bitcoin also dropped significantly. But the digital asset was quick to rebound– and beyond expectations.
New research with institutional investors and wealth managers reveals that over the next three years, 50% believe there will be a ‘dramatic’ increase in the use of blockchain technology within the asset management sector, and a further 44% think there will be a slight increase.