Steve Hanke, a vocal Bitcoin opponent and renowned economist at Johns Hopkins University, has taken to Twitter once again to attack Bitcoin.
He has emphasised again again that Bitcoin is very speculative, cautioning the community to avoid it. He went on to say that the BTC price is usually a rollercoaster ride for investors and traders.
Hanke included a meme about Bitcoin in his Steve Hanke, a vocal Bitcoin opponent and renowned economist at Johns Hopkins University, has taken to Twitter once again to attack Bitcoin., depicting a dog who is only “occasionally friendly.”
#Bitcoin is a speculative asset. Its prices are always a rollercoaster ride. #Bitcoin is no exception. Fasten your seatbelt before entering, and enjoy the ride. pic.twitter.com/fqWNgbQODD— Steve Hanke (@steve_hanke) October 9, 2021
Hanke also attacked Bitcoin on a couple occasions earlier this fall, claiming that the cryptocurrency’s intrinsic worth is equal to nothing.
He also asserted at the time that bitcoin is volatile, lacks a high degree of certainty, and is susceptible to fraudulent activity.
When it comes to the present upward trend of Bitcoin, Hanke has stated that “what goes up must come down.”