Deutsche Bank Chief International Economist Torsten Slok says “Bitcoin (EXANTE: Bitcoin) crash” is among the major risks for the global economy in 2018, CNBC reported.
"It's mainly because Bitcoin price volatility is something that I think financial markets so far have been discounting as a small issue," Slok said.
"We do worry a bit that it could become more systemic, in particular, if the current trends continue into 2018.”
The 30 risks outlined by the Deutsche Bank include also higher inflation, North Korea, Brexit developments, Russian presidential election and more.
Crypto fanatics argue that Bitcoin actually hedges against all these other market risks, since it represents a non-fiat connected asset that is not prone to inflationary pressures or market fluctuations brought on by national reserve banks.
Mike Costache, an advisor of Hdac says: “Bitcoin is anti-trust money that is that antidote to [economic crisis]. The US dollar after several rounds of Quantitative Easing (the exact equivalent of a Corporation purchasing its own bonds, which is self-dealing and more or less illegal) is a bubble. This is why I say ‘Bitcoin isn’t the bubble, it’s the pin.’”