“It is estimated that 50 to upwards of 90 per cent of bitcoin owners are speculators – thereby contributing to the substantial price fluctuations seen recently,” said the report by the International Institute of Finance. Photo: Thomas Yau

Banking group sceptical about bitcoin's future, calling currency 'inherently fragile'

Market dominated by speculators rather than users, making price volatile, report says

Topic |   Bitcoin

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“It is estimated that 50 to upwards of 90 per cent of bitcoin owners are speculators – thereby contributing to the substantial price fluctuations seen recently,” said the report by the International Institute of Finance. Photo: Thomas Yau
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