Standard Chartered Money Insights

Weekly Market View (21 May 2021): Crypto goes kaput

May 21, 2021
Standard Chartered Money Insights
Weekly Market View (21 May 2021): Crypto goes kaput
Show Notes

The 35% plunge in Bitcoin prices since their April peak and this week’s volatility sends a stark message to investors – not to put core investments at risk by chasing the latest mania. While we do not expect Bitcoin’s latest bout of volatility to have a contagion effect on other assets, these episodes are a reminder of the benefits of a diversified asset allocation. We remain pro-risk on a 6-12 month horizon.

Speakers:

  • Marco Iachini, Cross-Asset Strategist, Standard Chartered Bank
  • Manpreet Gill, Head of Fixed Income, Currency and Commodities (FICC) Investment Strategy, Standard Chartered Bank
  • DJ Cheong, Investment Strategist, Standard Chartered Bank