Crypto's charms leave some investors in Davos cold
Despite watching Bitcoin's scorching run past $100,000 and the inauguration of Donald Trump, who has pledged to be a "crypto president" in the U.S., some of the world's largest investors said this week they still plan to stay on the sidelines. "I am not an advocate, nor a critic ... it is not what it was supposed to be, which was an alternative to banking," said Anne Walsh, chief investment officer at Guggenheim Partners, which is headquartered in New York and Chicago. "To me, what crypto really correlates to is Nasdaq - it's a risk-on appetite indicator to me," she told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos.