{"id":33064,"date":"2020-12-09T10:02:32","date_gmt":"2020-12-09T08:02:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33064"},"modified":"2025-08-28T11:55:14","modified_gmt":"2025-08-28T08:55:14","slug":"wells-fargo-bitcoin-will-eventually-become-a-worthy-investment","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/wells-fargo-bitcoin-will-eventually-become-a-worthy-investment\/","title":{"rendered":"Wells Fargo: Bitcoin Will Eventually Become a Worthy Investment"},"content":{"rendered":"

Bitcoin’s year-over-year price rose by 170%, making it the most profitable investment asset of 2020. This finding contained in the report<\/a> of Wells Fargo, the financial holding company that is part of the \\”Big Four\\” banks in the United States.<\/p>\n

<\/p>\n

The cryptocurrency is given one section in the document. Its authors noted that over the past 12 years digital assets have \\”grown from virtually nothing to a market capitalization of $560 billion\\”.<\/p>\n

\n

\u201cShort-term fascinations usually do not last 12 years,\u201d Wells Fargo noted.<\/p>\n<\/blockquote>\n

Despite the optimistic tone, the authors noted Bitcoin’s high volatility. They compared its three-year path with gold and the S&P 500: in 2017 the assets started from the same point and over the entire period showed broadly comparable trajectories, but in 2020 the line for the first cryptocurrency rose sharply.<\/p>\n

\\\"Wells<\/p>\n

Chart of Bitcoin, gold, and the S&P 500. Data: Wells Fargo.<\/p>\n<\/div>\n

\n

\u201cUntil the last two months, three-year returns largely mirrored those of other asset classes, but volatility differed,\u201d the analysts noted.<\/p>\n<\/blockquote>\n

In their view, investing in digital assets resembles the early days of the 1850s gold rush, when speculation outweighed investment.<\/p>\n

\n

\u201cHowever, someday cryptocurrencies will become worthy investments,\u201d the authors concluded.<\/p>\n<\/blockquote>\n

In 2018, Wells Fargo barred credit card holders from purchasing Bitcoin and other cryptocurrencies due to market volatility and the associated risks.<\/p>\n

In 2019, the financial holding announced the launch of a pilot blockchain service for inter-branch settlements based on Corda Enterprise.<\/p>\n

In 2020, Wells Fargo became the first American bank to invest $5 million in Elliptic, a blockchain-analysis service.<\/p>\n

Subscribe to ForkLog news on Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin’s year-over-year price rose by 170%, making it the most profitable investment asset of 2020. This finding is contained in a report by Wells Fargo, the financial holding company that is part of the ‘Big Four’ banks in the United States.<\/p>\n","protected":false},"author":1,"featured_media":33065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,52,2054],"class_list":["post-33064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-investments","tag-wells-fargo"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33064"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33064\/revisions"}],"predecessor-version":[{"id":33066,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33064\/revisions\/33066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33065"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}