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For Professional Clients and, in Switzerland, for Qualified Investors only. In Israel for Sophisticated Investors only.
English
  • English
  • Italian
en
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© 2019. BNY Mellon Investment Management International Limited. All rights reserved.
IDEAS AND KNOWLEDGE TO INSPIRE YOUR INVESTMENTS THINKING
7 December 2017

Bitcoin gains new ground

Despite initial controversy, more and more major companies and payments systems are starting to accept Bitcoin as a valid currency. The advantage of Bitcoin is that it is seen as being a currency that is finite in nature which cannot be manipulated by central bank policy politics. With Bitcoin you can’t just print money out of nowhere – it is tethered to a finite resource, as the ability to ‘mine’ it is designed to resemble a precious metal such as gold. In this regard it seeks to replicate the approach to currency typified by the gold standard.

 

Paul Markham – global equities manager. Newton, a BNY Mellon company

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Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA or the BNY Mellon funds.

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