San Francisco-based bank Wells Fargo (NYSE:WFC) has released a report identifying Bitcoin as the best performing asset of 2020, while also highlighting the coin’s volatility for investors.
In an investment strategy report released yesterday, the banking giant noted that Bitcoin (BTC) is up 170% this year and outperformed both gold and the S&P 500 Index. However, Wells Fargo seemingly understated the role cryptocurrencies are currently playing in the financial market, saying “they attract lots of attention, but not necessarily lots of investment money.”