Herman Gref calls cryptocurrency the riskiest investment instrument

Herman Gref, head of Sberbank, said that the safest investment instrument is a bank deposit, while the most dangerous he named cryptocurrencies and stocks.

In an interview with NTV, Gref said that a bank deposit is completely reliable, but it does not offer a very high return.

The head of Sberbank regards cryptocurrencies and the stock market as the riskiest instruments. He noted that there is ‘a combination of yield and risk’ between them.

“There is a large number of instruments today that allow minimising risk and achieving more or less adequate returns. These are all sorts of fixed-income instruments,” said Gref.

Earlier, the head of Sberbank described Bitcoin as a “technical instrument for transactional activity,” not an investment asset.

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