📢 Allianz's El-Erian: cryptocurrencies to survive sell-off
Cryptocurrencies are here to stay despite a prolonged slump this year, and will gain wider acceptance after the recent entry of more institutional investors in the space, Mohamed El-Erian, chief economic adviser at Allianz, said on Tuesday. The former PIMCO co-chief investment officer also emphasized that cryptocurrencies are commodities, not currencies.
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