Bitcoin Price Rally Has Been ‘Amazing’ Says Nuveen’s Bob Doll

gotten some quarters of the finance world talking, though what that interest will lead to remains to be seen.

“‘With bitcoin, why do you need the stock market?’ has been the saying of late,” Doll quipped.

Doll isn’t the first from Nuveen – which was founded in 1898 and boasts roughly $948 billion in assets under management – to comment on cryptocurrency markets.

In October, Nuveen announced plans to put some of its less liquid assets onto exchange-traded funds. According to Bloomberg, the firm remarked at the time that bitcoin’s rise indicated an interest in new ways to transact currencies.

The firm also suggested that it sees blockchain providing “some real usefulness and potential in the market,” though it cautioned that any potential applications of the tech in the finance space remain in development.

News Source: CoinDesk

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