Innovation

Fintech 2018: What's in store?

What innovations will fintech bring this year?

16 January 2018

Dominique Collett, a senior investment executive at Rand Merchant Investments and head of AlphaCode, said in a statement on Tuesday that there had been little to touch the rise of cryptocurrencies in 2017. This, she predicts, will contine this year.

Bitcoin Collett says while naysayers may call the rise in the bitcoin price a bubble, the cryptocurrency had always been volatile, and points out that it had been called a bubble since the price was $1 000. She says some analysts predict the price could reach $50 000 a year, and while it remained a risky asset class, it could no longer be ignored. Asset managers are also saying their clients should be exposed to bitcoin and some are looking to structure bitcoin funds.

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