“And I would say that cryptocurrencies are a bubble. I would describe them as a limited supply of nothing. So to the extent there’s more demand than the limited supply, the price would go up. But to the extent the demand falls, then the price would go down. There’s no intrinsic value to any of the cryptocurrencies except that there’s a limited amount.”
John Paulson, Hedge Fund Manager · Bitcoin since: +71%
As published by CoinGape
Billionaire Investor John Paulson Calls Crypto A Worthless Bubble ↗
A little perspective.
Bitcoin on that day$46,997August 30, 2021
$100 at that price$170.94At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Billionaire Investor John Paulson Calls Crypto A Worthless Bubble” — John Paulson, CoinGape, August 30, 2021. Bitcoin: $46,996.93. https://bitcoindeaths.com/posts/2021-08-30-billionaire-investor-john-paulson-calls-crypto-a-worthless-bubble