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Bitcoin's volatility makes it 'impractical as a store of wealth or payments mechanism'

Editorial Board Member, The Wall Street Journal.

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Analysts at Bank of America have attacked bitcoin as “exceptionally volatile” and “impractical” in a 17 March research note.

In the note, the analysts said there was “no good reason to own bitcoin unless you see prices going up”.

Bank of America slams ‘volatile’ and ‘impractical’ bitcoin

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U.S. stock futures pointed to a flat open after a mixed session on Wall Street Monday, while international equity markets were also mixed so far Tuesday as earnings season sweeps into full gear.

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