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Aberdeen says crypto bubble to burst before coins change finance

Tuesday, June 27, 2017 - 05:50

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The cryptocurrency boom that's attracting millions into startups and spurring triple-digit gains in their digital tokens isn't sustainable, according to Peter Denious of Aberdeen Asset Management.

New York

PETER Denious, head of global venture capital at Aberdeen Asset Management plc, said we're in the midst of a virtual currency bubble, and like all bubbles, it will eventually burst.

That doesn't mean investors should necessarily steer clear. Aberdeen's venture capital arm

sentifi.com

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