Crypto News

Billionaire Calls Crypto ‘Worthless’, Chooses Gold Instead

Billionaire Calls Crypto ‘Worthless’, Chooses Gold Instead

  • US billionaire — John Paulson says cryptocurrencies are ‘worthless’.
  • He says they exist in a bubble and will fall to zero once demand drops.
  • Alternatively, he says that gold is a better option for investing.

The famous billionaire — John Paulson, believes that cryptos are not worth the hype. He believes that cryptocurrencies are a waste of time and does not recommend investors to invest in these digital assets.

The 65-year-old billionaire investor shares his thoughts on good investments with Bloomberg. Having made his fortune by betting against the US’s housing market over a decade ago, Paulson is certain about his current choices in investments.

Paulson Does Not Recommend Investing in Cryptos

To highlight, Paulson says he is not a fan of cryptocurrencies. In fact, he says that cryptos are a ‘bubble’. He elaborates by saying that cryptos are a limited supply of nothing. For instance, he says, until there is high demand over limited supply, the asset prices will go up.

...

Read more: https://coinquora.com/billionaire-calls-crypto-worthless-chooses-gold-instead/

Text source: News – CoinQuora – Latest Cryptocurrency and Block

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
Buy & sell Crypto in minutes

Join BINANCE!

The world's largest crypto exchange

You're just steps away from receiving your reward.

The most complete Crypto News Center.

Search Stories:

Latest top stories