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Bitcoin prices 'bubble-like' after record rally: BlackRock

Valuations for the cryptocurrency are in "extreme" territory, says official

Published Tue, Dec 12, 2017 · 09:50 PM
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Hong Kong

WITH bitcoin prices up 17-fold this year and sitting above the US$16,000 mark, valuations for the cryptocurrency are in "extreme" territory, according to BlackRock.

"We are seeing sort of bubble-like valuations," Belinda Boa, the money manager's head of active investments for Asia-Pacific, told reporters in Hong Kong.…

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