Financial services firm Wells Fargo says that cryptocurrencies are viable investments that have entered the “hyper-adoption” phase. “Cryptocurrencies have been following an adoption pattern similar to other new advanced technologies, such as the internet,” the firm’s global investment team detailed.
-via Bitcoin.com
The Wells Fargo team explained in a statement:
We believe that cryptocurrencies are viable investments today, even though they remain in the early stages of their investment evolution.
Wells Fargo started offering crypto investments to clients in August last year. The firm has also filed for a bitcoin fund with the U.S. Securities and Exchange Commission (SEC).
