L. Fink: Anonymity is at the heart of bitcoin's success (2)

Fink has defined the bitcoin as a very speculative investment. More importantly, however, this is one tool people use for money laundering, according to the expert.
Bitcoin value fell 29 percent from its peak on Nov. 8, at $7,888, after canceling the planned "hard fork" on the cryptocurrency. The rallying of the bitcoin has led many people to begin to say that the bitcoin is a balloon.
Part of their loss, the bitcoin neutralized on Monday. Even despite its decline, the cryptocurrency has risen more than six times since the beginning of the year.
Fink however warned that most investors with long time horizons that hold "record amounts" off the market should rather focus their attention on more traditional assets such as stocks and bonds.
The bitcoin is small in the financial markets, Fink says. The focus is too much on the bitcoin, the expert added. The financier spoke that he did not understand why all this media attention to the bitcoin was.