Crypto Coins to Grow as Store of Value Like Gold, Says DBS Chief
Piyush Gupta
Photographer: Giulia Marchi/BloombergThis article is for subscribers only.
Private digital coins like Bitcoin will continue to grow as a meaningful store of value, in a similar vein to gold, according to the head of Singapore’s largest bank.
Nonetheless, it’s unlikely that crytocurrencies will take over the role of state-backed money, DBS Holdings Group Ltd. Chief Executive Officer Piyush Gupta said in the bank’s annual report released on Wednesday.