Deutsche Bank Sees Inflation Protection Benefit Behind Cryptocurrencies

When Deutsche Bank CIO Christian Nolting looks at cryptocurrencies and blockchain, like many institutional professionals he separates the two concepts. But it is in the application where his thoughts are nuanced. While noting the highly speculative nature of an investment in cryptocurrencies such as Bitcoin, Ethereum, IOTA and litecoin, he and Markus Muller, global head of the CIO office, see benefits as well as risks, pointing to the need for a central bank to back a cryptocurrency for it to gain meaningful traction. Cryptocurrencies protect against inflation in crisis nations “Blockchains and connected cryptocurrencies are probably the inventions with the…