Last week the exchange rate of Bitcoin declined after a period of record stability. This is a great occasion to recall the five main enemies of cryptocurrencies that she predicts a bad end, and Bitcoin is called a major bubble in history.
The most cautious enemy of digital assets can be called Professor at Yale University and Nobel prize winner Robert Shiller. But what he says about Bitkine, doesn’t want to hear none of the Hodler.
Who hates the crypt
According to the economist, the first cryptocurrency and all coins in General — a bubble that could burst in the next 100 years. However, Schiller said that Bitcoin will not reach zero after the interest from investors will fall.
Warren Buffett — third richest person in the world with a fortune of $ 85 billion. Unfortunately, he’s not interested in cryptocurrency, but rather the opposite. According to the investor, have digital assets have no intrinsic value, while the asset itself does not create anything. Buffett adds that digital money will have a bad ending, meaning the decline in their rates to zero.
Professor of Economics at Columbia University Joseph Stiglitz takes a more stringent stance towards bitcoin than Buffett and Schiller. Speaking at a meeting of the spring session of world Bank-IMF in Washington, Stiglitz said that Bitcoin should be outlawed. He believes that the regulation will effectively eliminate any demand for Bitcoin, and then kill the coin itself.
The same opinion is shared by the Microsoft founder and second richest man in the world bill gates. According to him, the main distinguishing feature of cryptowall, anonymity — is also the main disadvantage for them. The entrepreneur said that digital money used for drug trafficking, money laundering, and in General are a risky asset.
The worst dream of any Hodler — new statement by economist Nouriel Roubini. He characterized the cryptocurrency as the biggest fraud in history is useless technology and even less flattering definitions. Undoubtedly, he is the leader of the list of haters of cryptocurrency.
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