Assets, Bitcoin

What Does Jim Rickards Think of Bitcoin?

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.

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