“Turnill noted cryptocurrencies’ high volatility, fragmented markets and lack of regulation. “We don’t see them becoming part of mainstream investment portfolios soon,” he said, adding that their volatility makes U.S. stock market turbulence during the financial crisis “almost look placid.”
Richard Turnill, Global Chief Investment Strategist, BlackRock · Bitcoin since: +666%
As published by CNBC
World's Largest Asset Manager Says Get Ready To Stomach Complete Losses In Cryptocurrencies ↗
A little perspective.
Bitcoin on that day$10,313February 26, 2018
$100 at that price$765.53At our latest price check
Illustrative value using a Bitcoin price of $78,950, checked Oct 29, 2026, 10:08 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “World's Largest Asset Manager Says Get Ready To Stomach Complete Losses In Cryptocurrencies” — Richard Turnill, CNBC, February 26, 2018. Bitcoin: $10,313.08. https://bitcoindeaths.com/posts/2018-02-26-worlds-largest-asset-manager-says-get-ready-to-stomach-complete-losses-in-cryptocurrencies