Global investment management company BlackRock says it envisions a more pervasive role for cryptocurrencies in the future, and that blockchain has promise but it is not without obstacles.
The positive, yet cautious remarks were part of the firm's Global Weekly Commentary published on Monday by global chief investment strategist Richard Turnill.
"We see cryptocurrencies potentially becoming more widely used in the future as the market matures," the commentary reads. "Yet for now we believe they should only be considered by those who can stomach potentially complete losses. Similarly, blockchain needs to overcome significant hurdles to reach its promising future."
