World’s Largest Gold #ETF Manager State Street Talks About #Cryptocurrencies: An Alternative to Gold?

State Street Global #Advisors chief gold strategist touched upon the issue of being an alternative to cryptocurrencies.

State Street Global Advisors, which operates the world's largest gold exchange-traded fund (ETF), has opposed the idea that cryptocurrencies can compete with gold as a long-term strategic asset.

The firm's chief gold strategist, George Milling-Stanley, told CNBC's “ETF Edge” program that the high #volatility of cryptocurrencies is not suitable for investors who want to protect their wealth over time.