Bitcoin has ‘no intrinsic value,’ Brookfield CEO says: ‘It’s not for us’

Bruce Flatt, chief executive officer of Brookfield Asset Management Inc., says Bitcoin has no intrinsic value and doesn’t interest Canada’s largest alternative asset manager.  Brookfield’s definition of “intrinsic value” is based on an asset’s cash flow or the ability to convert the asset into a cash-flow stream, Flatt said. “There are some assets in the…

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