Asia’s Largest Bank, DBS Strategist Says Bitcoin is Unique Regardless of Price
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Daryl Ho, DBS investment strategist discussed bitcoin in a recent media briefing as reported y Finews Asia on Friday. “If we look just on a price basis, you will notice a lot of volatility, and it doesn’t tell you a lot about what benefits it truly delivers,” he noted, adding:
Whether the price fluctuates or not, I believe bitcoin remains unique.
According to the publication, Ho went on to say that bitcoin’s uniqueness is driven by its usefulness, which facilitates value transfers in a decentralized way without the need for a central counterparty to execute the trade.