In an article for American Consequences, Jim Rickards says that Bitcoin is not money. He says that Bitcoin is a speculative asset and that its price is based on nothing more than speculation.
He goes on to say that Bitcoin is not a store of value and that it is not a unit of account. He also says that Bitcoin is not a medium of exchange.
NOTE: Warning: The opinions of Jim Rickards on Bitcoin are his own and should not be taken as financial advice. No one should make any investment decisions based solely on the opinion of Jim Rickards, and you should always do your own research before making any decisions.
Rickards concludes his article by saying that Bitcoin is a bubble. He says that the only reason people are buying Bitcoin is because they think they can sell it to someone else for more than they paid for it.
He says that this kind of thinking is what leads to bubbles, and that eventually the bubble will burst and people will lose a lot of money.
9 Related Question Answers Found
What Does Bill Gates Think of Bitcoin?
In an interview with CNBC, Bill Gates said he was “not a fan” of Bitcoin and other cryptocurrencies. He called them “an asset class where the rules are not well understood” and said they are “kind of a pure ‘greater fool theory’ type of investment.”
Gates went on to say that he thinks there is a “good chance” that cryptocurrencies will come to a bad end. He compared investing in Bitcoin to investing in gold, saying that both assets are not productive and are only worth what people are willing to pay for them.
What Does Kevin O'Leary Think of Bitcoin?
Kevin O’Leary, also known as “Mr. Wonderful,” is a Canadian businessman, investor, author, television personality, and philanthropist. He has appeared on several investment-themed television shows, including Shark Tank, Dragons’ Den, and The Lang and O’Leary Exchange.
What Does Tom Lee Say About Bitcoin?
In recent years, the cryptocurrency market has been booming with investors looking to get in on the next big thing. Bitcoin, the largest and most well-known cryptocurrency, has seen its value skyrocket in recent months. With all of this excitement, it’s no wonder that people are wondering what Tom Lee, one of the most well-known and respected financial analysts, has to say about Bitcoin.
What McAfee Says About Bitcoin?
When it comes to cryptocurrency, McAfee is a true believer. He has been an active promoter of Bitcoin and other digital currencies for years. In fact, he even accepts Bitcoin as payment for his cyber security services.
What Does Charlie Munger Think of Bitcoin?
In an interview with Financial Times, Charlie Munger, the billionaire vice chairman of Berkshire Hathaway, called Bitcoin “a real bubble”
Munger said that while he doesn’t own any Bitcoin, his son does, “to my shame.” He went on to say that he thinks the cryptocurrency is in a “real bubble,” and that people are buying it to make money, rather than using it as a means of exchange. While acknowledging that blockchain technology is “brilliant,” Munger said he doesn’t understand why Bitcoin should be worth anything. “It doesn’t produce anything. You can stare at it all day and no little Bitcoins come out,” he said. .
What Suze Orman Think About Bitcoin?
Suze Orman is a well-known financial advisor and she has a lot to say about Bitcoin. She is not a fan of the cryptocurrency and she has warned people about investing in it. Orman believes that Bitcoin is a risky investment and she does not recommend putting any money into it.
What Does Charlie Munger Think About Bitcoin?
Charlie Munger, the Vice Chairman of Berkshire Hathaway, doesn’t think much of Bitcoin. In fact, he thinks it’s downright dangerous. Munger made his views on Bitcoin clear at the recent Daily Journal Corporation meeting, where he said that the cryptocurrency is “worthless artificial gold.”
He went on to say that Bitcoin is “totally asinine” and that people who invest in it are “speculators” who are “dumb.”
While Munger may be a bit of a curmudgeon when it comes to Bitcoin, he does have a point.
What Does Morgan Stanley Say About Bitcoin?
Morgan Stanley, one of the largest investment banks in the United States, has released a report on Bitcoin entitled “Bitcoin Decrypted: A Brief Teach-In and Implications for the Investor.” The report is authored by Sheena Shah, head of technology research for the bank. In the report, Shah acknowledges that Bitcoin has come a long way since its inception in 2009, and that its underlying blockchain technology has the potential to revolutionize how we store and transfer value. However, she also warns that Bitcoin is still a very volatile asset, and that investors should be cautious when considering investing in it.
What JP Morgan Said About Bitcoin?
J.P. Morgan Chase & Co. (JPM) CEO Jamie Dimon said he regretted calling bitcoin a “fraud.”.
“The blockchain is real. You can have crypto yen and dollars and stuff like that,” Dimon said at the New York Times DealBook conference on Wednesday. ” ICOs .