I don’t think Bitcoin make a great deal of sense – Billionaire Lee Cooperman
Billionaire Lee Cooperman Omega Advisors chairman and CEO said people should be careful about Bitcoin, and suggested gold as a better store of value. He also believes Bitcoin does not have the ability to become a worldwide currency. On Thursday, the billionaire investor told CNBC that people his age have trouble comprehending Bitcoin, adding: “I’d […]
77% of Russian investors prefer Bitcoin to gold and forex – Survey
According to a new survey, crypto is becoming popular among Russian investors, displacing traditional investment products such as gold. They see digital financial assets as an investment tool rather than just a “hype product.” The Association of Forex Dealers (AFD), a local self-regulatory group focused on the foreign exchange market in Russia, polled 502 Russian […]
Crypto is a worthless bubble – John Paulson
Despite the fact that the crypto market has stood the test of time, some billionaire investors do not believe it is a place worth the investment, of such, is billionaire investor John Paulson who has called crypto a worthless bubble. John Paulson, a billionaire investor who correctly forecast the subprime catastrophe a decade ago, has […]
Peter Schiff triumphs in the discussion over whether gold or Bitcoin is a greater store of value
During the debate, Schiff stated that “in reality, Bitcoin and gold have absolutely nothing in common,” claiming that gold has value owing to its metallic characteristics, whereas Bitcoin is nothing more than a “giant pump and dump.” Peter Schiff , a proponent of gold and a crypto skeptic, has been declared the winner of a […]
Mining chief says the unstable price of Bitcoin will cause a surge in gold investment
Jake Klein, Evolution Mining’s executive chairman said the volatile nature of Bitcoin may divert investors attention to Gold, while also saying crypto is not mature enough to deliver the established safe haven assurance of the latter. According to Jake Klein, CEO of Evolution Mining, an Australian gold mining company , crypto price volatility will make […]