Fitch Ratings: Bitcoin hampered by its significant price volatility

Fitch Ratings: Bitcoin hampered by its significant price volatility

Fitch Ratings with the opinion on BTC

  • says bitcoin could increase regulatory, AML risks for El Salvador banks 
  • says the high level of bitcoin price volatility will challenge its use as a store of value and means of payment 
  • believes foreign parent banks would offer operational, technical support to el Salvador banks to manage bitcoin implementation associated risks

I imagine the BTC folks are huge fans of ratings agencies …. or maybe not 😀 

Fitch Ratings with the opinion on BTC

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