{"id":43734,"date":"2021-06-03T20:02:50","date_gmt":"2021-06-03T17:02:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43734"},"modified":"2025-08-31T13:40:38","modified_gmt":"2025-08-31T10:40:38","slug":"opinion-governments-and-regulators-will-stop-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-governments-and-regulators-will-stop-bitcoin\/","title":{"rendered":"Opinion: Governments and Regulators Will Stop Bitcoin"},"content":{"rendered":"<p>Pascal Blanc, chief investment officer of Amundi, one of the world&#8217;s largest asset managers with assets under management of more than \u20ac1.7 trillion, said that governments and regulators will \u201cstop the music\u201d for Bitcoin. <a href=\"https:\/\/www.reuters.com\/technology\/global-markets-bitcoin-2021-06-03\/?taid=60b8c6a4efd84f0001b654b7&#038;utm_campaign=trueAnthem:+Trending+Content&#038;utm_medium=trueAnthem&#038;utm_source=twitter\" target=\"_blank\" rel=\"noreferrer noopener\">Reuters<\/a>.<\/p>\n<p>The top executive of the French firm, which manages assets totalling more than \u20ac1.7 trillion, described cryptocurrencies as a &#8216;farce&#8217; and a sign of bubbles forming in financial markets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBitcoin will be remembered for pushing central banks to adopt digital money. Governments and regulators will ultimately stop the music,\u201d Blanc said.<\/p>\n<\/blockquote>\n<p>He said it was far more important for investors to build up their positions in the yuan, and then diversify into cryptocurrencies.<\/p>\n<p>In March, Amundi, which in Europe by assets under management trails only Allianz, published<a href=\"https:\/\/research-center.amundi.com\/article\/crypto-currencies-bubble-or-emergence-new-paradigm-decentralised-finance\" target=\"_blank\" rel=\"noreferrer noopener\"> \u0438\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u043d\u0438\u0435<\/a> of the cryptocurrency market. In it, they noted the low liquidity of digital assets and the possibility of price collapses due to tight regulation.<\/p>\n<p>In their view, the operational resilience of decentralised systems raises questions, while the use of cryptocurrencies as a means of payment could destabilise the financial system.<\/p>\n<p>Earlier, Gemini CEO Tyler Winklevoss <a href=\"https:\/\/u1f987.com\/en\/news\/tyler-winklevoss-bitcoin-has-dodged-the-ban-risk-in-the-united-states\">expressed confidence<\/a> that Bitcoin had reached too high a level of adoption to fall under a regulatory ban even in the United States, which largely shapes global rules for financial markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pascal Blanc, chief investment officer of Amundi, one of the world&#8217;s largest asset managers, said governments and regulators will \u201cstop the music\u201d for Bitcoin. Reuters reports.<\/p>\n","protected":false},"author":1,"featured_media":43735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1138,36],"class_list":["post-43734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-opinions","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"5","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43734"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43734\/revisions"}],"predecessor-version":[{"id":43736,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43734\/revisions\/43736"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/43735"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}