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Lombard Odier sounds the bugle on Bitcoin, cryptocurrencies

Lombard Odier is joining a chorus of private banks sounding caution over cryptocurrencies, urging clients to focus on benefiting from the underlying technologies instead. “Faced with expectations for inflation, low-to-zero interest rates and slim returns from traditional safe havens such as sovereign debt, investors are looking more closely at cryptocurrencies,” said Stéphane Monier, chief investment officer at Lombard Odier. Bitcoin…

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