![Allianz Chief Economist Backs Crypto to Survive Current Market Selloff](http://btcmanager.com/wp-content/uploads/2018/12/Cryptocurrencies-to-Survive-Sell-Off-350x209.jpg)
2018-12-1 14:00 |
Mohamed El-Erian, Chief Economist at Allianz, has stated that cryptocurrencies will survive the current market slump and achieve widespread acceptance subsequently. Speaking on November 27, 2018, at the Coindesk ‘Consensus: Invest in New York’ conference, El-Erian became a somewhat unlikely voice of support for crypto, declaring that not only will it survive and thrive, but the entry of institutional investors.
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