2 years ago
- Julius Baer Group, a Swiss backstage bank, volition statesman offering bitcoin and different cryptocurrency products to high-net-worth individuals.
- Julius Baer explained we are apt witnessing a bubble akin to the dot-com burst which birthed a caller industry.
- The slope primitively partnered with cryptocurrency slope SEBA successful 2019 arsenic the instauration became much familiarized with the industry.
Julius Baer Group, a backstage slope based successful Zurich, Switzerland announced that it is creating a proprietary integer wealthiness absorption strategy focused connected bitcoin and different cryptocurrencies exclusively tailored to high-net-worth clients.
The backstage slope noted its extremity to presumption itself astatine the intersection wherever bitcoin and different cryptocurrencies conscionable the fiat satellite portion acknowledging the volatility of the space. Julius Baer plans to support a watchful oculus connected the increasing plus class, monitoring its improvement and immoderate opportunities that whitethorn contiguous themselves.
“It could good beryllium that astatine this precise instant we are witnessing a bubble-burst infinitesimal of the crypto industry, and we each cognize what happened aft the dot-com bubble burst 30 years ago,” said CEO of Julius Baer Philipp Rickenbacher during a presumption to investors, according to a study from Bloomberg.
“It paved the mode for the emergence of a caller assemblage that so transformed our lives; I judge integer assets and decentralized concern clasp that aforesaid potential,” Rickenbacher reportedly continued.
Julius Baer has taken a involvement successful SEBA Crypto AG, 1 of lone 2 fully-regulated crypto banks successful Switzerland. When investing successful SEBA successful 2019, Julius Baer noted that they were convinced that bitcoin and different cryptocurrencies would go a “legitimate sustainable plus people of an investor’s portfolio.”
Guido Buehler, CEO of SEBA, stated astatine the time, “We are precise arrogant to person Julius Baer arsenic an investor. SEBA volition alteration casual and harmless entree to the crypto satellite successful a afloat regulated environment. The practice betwixt SEBA and Julius Baer volition undoubtedly make worth for the communal payment and to the clients.”
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