Crypto's charms leave some investors in Davos cold
«I am not an advocate, nor a critic… it is not what it was supposed to be, which was an alternative to banking,» said Anne Walsh, chief investment officer at Guggenheim Partners, which is headquartered in New York and Chicago.
«To me, what crypto really correlates to is Nasdaq — it's a risk-on appetite indicator to me,» she told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos.
Walsh said her investment firm, which manages assets of more than $335 billion, has so far not invested in crypto.
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View Details» Meanwhile, Nicolai Tangen, chief executive of Norway's $1.8 trillion sovereign wealth fund, the world's largest, said he did not see crypto becoming a part of Norges Bank Investment Management's portfolio.
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