Convergex’s Nicholas Colas Offers Refreshingly Balanced View of Bitcoin

With the meteoric rise in the price of BTC over the past few months, most press coverage has generally attributed either the status of fad-driven bubble or anarchic revolution to the world’s favorite new currency. As such, it’s a pleasure to see Convergex Chief Market Strategist Nicholas Colas offer a balanced overview of Bitcoin. “It could be a fascinating experiment in a brand new currency; one that knows no borders, knows no boundaries, and in many cases knows no rules,” Colas States, before noting that he discusses it with his clients as a “valuable part of a diversified portfolio.” This is a healthy …