CIO cautions crypto’s high volatility makes it unsuitable for super
Despite the meteoric rise of cryptocurrency over the past year, the chief investment officer at Colonial First State (CFS) – with some $150 billion under management – believes the volatile asset class lacks the appropriate characteristics for inclusion in a superannuation portfolio.
In a recent webinar, Jonathan Armitage, chief investment officer at CFS, emphasised that while many investors openly discuss their cryptocurrency gains, they tend to remain silent during significant downturns, highlighting the inherent volatility of the market.
“[Crypto] has been very volatile. You will hear an awful lot of stories from people about when they have made gains. Those same people tend to go quite silent when crypto or bitcoin goes…
