"You attention please.. the new Black Swan at the stock marker... Bitcoin" Deutsche Bank

10.12.2017 / 23:18

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Could the market's new darling become its next black swan event ?

The bitcoin craze could pose a real risk to the broader market next year, Deutsche Bank warned last week, ahead of the cryptocurrency's launch on futures exchanges, scheduled to take place Sunday.

Torsten Slok, the firm's chief international economist, sent to clients a list of significant risks to the market in 2018. Included on that list: A crash in the price of bitcoin, higher inflation and the threat of North Korea.

Bitcoin has emerged as a financial phenomenon this year as the digital currency sees $1,000-plus swings within hours. At this juncture, as the cryptocurrency has advanced quadruple digits this year, Slok said the markets have not correctly priced in the broader impact bitcoin could potentially have.

Source: Bloomberg Pro Terminal

Trader Bozhidar Arabadzhiev

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"You attention please.. the new Black Swan at the stock marker... Bitcoin" Deutsche Bank

London

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