Share this article
Crypto Assets Aren’t a ‘Real Investment,’ ECB Vice President Says
Crypto’s weak fundamentals mean investors should be prepared for more price swings, Luis de Guindos said.
Updated Sep 14, 2021, 12:57 p.m. Published May 19, 2021, 1:54 p.m.
Crypto assets shouldn't be seen as a “real investment,” according to European Central Bank Vice President Luis de Guindos.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Difficulties in discerning the underlying value of crypto assets prevent them being classified as real investments, de Guindos said in an interview with Bloomberg TV on Wednesday.
- Crypto assets have “very weak fundamentals.” Investors should be braced for more price swings, he said.
- “When you have difficulties to find out what are the real fundamentals of an investment, then what you’re doing is not a real investment.”
- Crypto investors have had to withstand stomach-churning volatility this month, with the world’s largest cryptocurrency, bitcoin, dropping 34% so far in May, the most in a single month since November 2018.
See also: ECB Speeds €1.85T Stimulus Program as Lagarde Frets Over ‘Premature Tightening’
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
