Analysts at bulge bracket Wall Street firms UBS, Citigroup and JPMorgan were all working hard this week keeping up with demand from clients for information on Crypto currencies. However the Queen of England’s banker, Coutts, dampened enthusiasm for their clients saying there are still “too many unknowns”
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This Is the Week Wall Street Went Nuts Over Cryptocurrencies
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The banker to the Queen of England isn’t about to jump on the cryptocurrency bandwagon. Investment manager Monique Wong said in a note to clients published Friday that there are “too many unknowns to include virtual currencies in our investment strategy.” She concluded that the development of blockchain technology is a far more interesting area to watch than the current “gold rush” on cryptocurrencies.
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