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

21/05/2021 10 min
Weekly Market View (21 May 2021): Crypto goes kaput

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

Episode Synopsis

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 BankManpreet Gill, Head of Fixed Income, Currency and Commodities (FICC) Investment Strategy, Standard Chartered BankDJ Cheong, Investment Strategist, Standard Chartered Bank