Allianz endorses Bitcoin as a ‘credible store of value,’ shifting from 2019 anti-crypto stance

Allianz declared Bitcoin (BTC) a “credible store of value” in a recent investment report, marking the first time the $2.5 trillion asset manager has endorsed digital assets as a legitimate institutional investment. The report, titled “Bitcoin and Cryptocurrencies: The Future of Finance,” represents a dramatic shift from Allianz’s 2019 policy against Bitcoin investments.  The German The post Allianz endorses Bitcoin as a ‘credible store of value,’ shifting from 2019 anti-crypto stance appeared first on CryptoSlate.