“Importantly, we continue to believe that such declines will not negatively impact the performance of broader financial assets, because cryptocurrencies represent just 0.3% of world GDP as of mid-2018,” the report said. “In fact, we believe that they garner far more traditional media and social media attention than is warranted.”

Related: SEC Rejects Winklevoss Bitcoin ETF

Given their recent comments, it may appear that plans to open a Bitcoin trading desk earlier this year may have been shelved.

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