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    Cryptocurrency Critique from Pimco’s Crescenzi: Bitcoin’s Non-Monetary Status

    Dec. 23 — According to Tony Crescenzi, a market strategist and investment manager at Pacific Investment Management Company, Bitcoin is not regarded as currency but rather a means of transaction. Citing the absence of a reliable authority, Crescenzi described Bitcoin as a somewhat uncertain form of exchange during an appearance on “Bloomberg Surveillance.”

    Credit: YouTube/Bloomberg Television

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