Bitcoin Is Dead

August 30, 2021
Bitcoin Price: $46996.93

BILLIONAIRE INVESTOR JOHN PAULSON CALLS CRYPTO A WORTHLESS BUBBLE

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.

Hedge Fund Manager


Source: CoinGape