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- CME Group has recently removed its pro-Bitcoin video from its network, and this video contained a talk hosted by Chief Economist Bluford Putnam.
- The main reason why the CME group might have taken this step is that it decided not to support the Bitcoin on its platform in any manner.
- Bluford Putnam shared his thoughts regarding Bitcoin, stating that it is yet to show any consistency correlated to macroeconomic factors.
As reported by Finbold, CME Group has recently removed its pro-Bitcoin video from its network, and this video contained a talk hosted by Chief Economist Bluford Putnam. He also said that the video was no longer available on the website on the video.
Bluford Putnam shared his thoughts regarding Bitcoin, stating that it is yet to show any consistency correlated to macroeconomic factors and the standard equities and fixed incomes falling under the assets category.
Putnam gave optimistic thoughts stating that Bitcoin is yet to be further discovered or requires much attention to study and details. He also said that Bitcoin needed a balance to be discovered for which Bitcoin can become a dependable portfolio diversification solution for many institutional investors.
He also said that if Bitcoin doesn’t fall under these obligations, it should be considered as a dependable portfolio and diversification tool.
AS this video had supposedly gone viral, CME group removed the video from its network, but for those of you who are wondering they have missed the opportunity to watch the video, it is still available on the YouTube Channel ‘Crypto Zombie’.
The main reason why the CME group might have taken this step is that it decided not to support the Bitcoin on its platform in any manner and had created interests in protecting its traditional assets and traditional investors.
Might have received negative feedback on the uploaded video but its traditional finance investors, which might have prompted the removal of video. CME Group has its name as a leading global home for diversified investments and innovations under the same category.
It is still in doubt for the company if Bitcoin as an asset with such significant volatility can be placed in the company’s portfolio safely and also seeks the value of the asset in the safe method.
