St. Louis Fed Sees Future in Crypto As Important Asset Class, Bitcoin As Digital Gold

“It is likely that cryptoassets such as Bitcoin will emerge as their own asset class and thus have the potential to develop into an interesting investment and diversification instrument. Bitcoin itself could over time assume a similar role as gold.”

“As an asset, however, Bitcoin and alternative blockchain-based tokens should not be neglected. The innovation makes it possible to represent digital property without the need for a central authority. This can lead to the creation of a new asset class that can mature into a valuable portfolio diversification instrument.”

St. Louis Fed Sees Future in Crypto As Important Asset Class, Bitcoin As Digital Gold