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