The well-known investor Steve Eisman, who became the prototype of the main character in the movie “Selling Short,” said that he does not invest in bitcoin, because he does not understand this asset.
Eisman predicted the 2008 economic crisis and made significant profits from the fall in mortgage bonds. A book about this was published, which later became the basis for the film “The Shorting Game”. However, Eisman still does not understand the first cryptocurrency and believes that the entire cryptocurrency market is built solely on speculation:
“I stay away from bitcoin. I don’t understand him and I think that people are just buying and selling an asset that cannot be valued. It’s one thing to talk about the dollar-yen pair, it’s another thing to try to value Bitcoin. It’s like talking about how many angels fit on the tip of a needle. ”
Earlier, on January 8, bitcoin set a new historical record, reaching $ 42,000, but later rolled back to $ 28,800 and is now trading at $ 33,000. Analysts believe that the rate of the first cryptocurrency could be influenced by Biden’s inauguration and his views on industry regulation. However, Eisman does not think this is really the case. He noted:
“Is it possible to regulate bitcoin so that its price goes down? Of course, but I have not seen real action in this direction. I think it’s best to stay on the sidelines. ”
Earlier, billionaire Bill Miller said that Bitcoin is the only asset in the world with such growth potential and liquidity.
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