From the year’s biggest financial stories to ESG and recommended reads, Yves Bonzon, group CIO at Swiss wealth manager Julius Baer tells it allI think the pandemic’s biggest story is all about acceleration, says Yves Bonzon. Picture: SUPPLIED/JULIUS BAER
That’s correct. I would describe the 2008 crisis as an endogenous mechanism. It had drivers you could track, monitor, and understand. We were able to understand the kind of policy response that needed to be implemented to stem the contagion effect in the system. The combination of the technological uncertainty plus the regulatory unknown make the future of crypto extremely hard to predict.Right in the middle of the pandemic, cryptocurrencies were hitting their all-time highs. What does it mean for the financial industry?
The combination of the technological uncertainty plus the regulatory unknown make the future of crypto difficult to predict.