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Bitcoin Is Worthless, Bubble May Pop Soon, Allianz Global Says

Bloomberg business news

Bitcoin: What’s Coming in the Year Ahead

It’s a matter of when, not if, the Bitcoin bubble will pop, according to Allianz Global Investors.

The cryptocurrency is worthless, even if blockchain technology could bring significant benefits to investors, said the investment arm of Europe’s biggest insurer, which manages almost 500 billion euro.