SINGAPORE (Dec 7): Cryptocurrencies are a highly speculative and risky investment – although they do have the potential to develop into a new asset class in the future, according to Deutsche Bank Wealth Management, the wealth management unit of German lender Deutsche Bank AG.

Known cryptocurrencies include Bitcoin, Ehtereum, Ripple, Litecoin and IOTA – each with their own currency generating process, and considered scarce commodities as the amount of available currency units is limited by mathematical algorithms.

In the latest CIO Insights Reflections: Cryptocurricies and blockchains – their importance in the future report, Christian Nolting, Global CIO and Global Head of Wealth Discretionary, assesses the potential, risks and limitations of cryptocurrencies as well as blockchain technologies.

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