BlackRock's global chief investment strategist, Richard Turnill, in a commentary note
- Digital assets may offer disruptive potential for a wide range of industries
- But needs to overcome significant hurdles to reach its "promising future"
- Cryptocurrencies are still too volatile to have a place in mainstream investment portfolios
Turnill also notes that his bullish view on blockchain technology is an emerging consensus among policy makers and business leaders. His view here shows that the company is warming to the larger and longer-term potential of cryptocurrencies' underlying blockchain technology, more than the coins themselves.
His view is a similar one shared by JP Morgan when they released their "Bitcoin bible" earlier this month here.
While volatile, you wouldn't bet against the possibility of investment firms or banks having a run at cryptocurrencies if ETFs in the space were to be established.
