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Homeglobal investing hot spotsBitcoin is ‘bubblish’ but blockchain attractive, Chinese investment banker says

Bitcoin is ‘bubblish’ but blockchain attractive, Chinese investment banker says

  • Fan Bao, CEO of investment bank China Renaissance, told CNBC Wednesday that the world's biggest cryptocurrency was "getting a little bit bubblish"
  • Bao joked that if someone has invested in bitcoin, they would be "getting some good returns," but he expressed doubt about the virtual coin
  • The investment banker said he was a "strong believer in blockchain," the technology that underpins bitcoin

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