Why one Wall Street strategist is a bitcoin skeptic

Bitcoin (BTC-USD) may be holding above $46,000 Monday, but one prominent Wall Street strategist is still somewhat skeptical of the cryptocurrency.

At a recent Yahoo Finance Plus webinar, Liz Ann Sonders, chief investment strategist at Charles Schwab, explained her principle misgiving about bitcoin, being careful to emphasize she doesn’t completely dismiss the cryptocurrency altogether.

“I am an admitted skeptic to some degree. I’m not on either end of the spectrum — meaning I’m a skeptic,…


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