The bitcoin
rally is generating a false sense of security among investors
State Street Global Advisors’ George Milling-Stanley warns cryptocurrency plays don’t offer the stability of gold.
“Bitcoin, pure and simple, it’s a return play, and I think that people have been jumping onto the return plays,” the firm’s chief gold strategist said on CNBC’s “ETF Edge” this week. You can be wiped out in a flash. The sell off will be like lighting flash paper. Musical chairs.