Bitcoin is increasingly ‘cultist’ and supported by ‘magical thinking’, says Barclays wealth investment chief | Currency News | Financial and Business News

Bitcoin is increasingly ‘cultist’ and supported by ‘magical thinking’, says Barclays wealth investment chief | Currency News | Financial and Business News


Will Hobbs is chief investment officer at Barclays Wealth & Investments



  • The zeal around bitcoin is “increasingly cultist” according to Will Hobbs, the chief investment officer of Barclays Wealth & Investments.
  • Hobbs also said a rise in interest rates could dent the world’s biggest cryptocurrency.
  • Yet big names like BlackRock are increasingly interested as the bitcoin rally continues.
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