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Cryptocurrencies are a bubble, will prove to be worthless
#UGC #Cryptocurrencies #cybersecurity
Cryptocurrencies are a bubble
Lots of arguments are going on for bitcoin which is based on the blockchain technology. Bitcoin has formed at least three classic bubbles already in its brief history. Each time it crashed by 80% or more, and then revived after a few years. Cryptocurrencies, despite being considered among the market's hot commodities, have drawn sharp criticism from billionaire hedge fund manager John Paulson who described it as a "bubble" that would prove to be "worthless". Paulson, while speaking at an episode of 'Bloomberg Wealth with David Rubenstein', said there is no intrinsic value attached with cryptocurrencies except for a "limited amount". The segment is "too volatile", he said, pointing out that Bitcoin went from $5,000 to $45,000 within a short period.
Cryptocurrencies, regardless of where they’re trading today, will eventually prove to be worthless. Once the exuberance wears off, or liquidity dries up, they will go to zero. I wouldn’t recommend anyone invest in cryptocurrencies," said Paulson, who earned a mark for betting against the US housing market more than a decade ago. We would say that cryptocurrencies are a bubble and described them as a limited supply of nothing," he further said, adding that the prices would go up only to the extent where the demand is more than the limited supply.
Notably, cryptocurrencies, which are yet to be considered legal tender in any major economy, have garnered massive interest over the past couple of years.
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The advice that changed Microsoft CEO Satya Nadella's life | ETPanache
Microsoft CEO Satya Nadella shares advice from former chief executive Steve Ballmer and his father. He was speaking at Bloomberg's 'The David Rubenstein Show.' (Bloomberg)
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India observes Independence Day with patriotic fervour
Prime Minister Narendra Modi
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India observes Independence Day with patriotic fervourBy PMOfficeIndia| 248620 views
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GAIL bringing INDIA together
GAIL India increasing it's capacity and serving all over INDIA.
Watch GAIL bringing INDIA together With HD QualityBy GAIL Social| 727276 views
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Bigg Boss 17 OPENING VOTING Trend | Kaun Hoga Ghar Se Beghar?
Bigg Boss 17 OPENING VOTING Trend | Kaun Hoga Ghar Se Beghar?
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Bigg Boss 17 OPENING VOTING Trend | Kaun Hoga Ghar Se Beghar?By Bollywood Spy| 57 views
आज आएगा UP का Budget, Budget पेश करने से पहले होगी Yogi Cabinet की Meeting | UP Budget 2024-25
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आज आएगा UP का Budget, Budget पेश करने से पहले होगी Yogi Cabinet की Meeting | UP Budget 2024-25
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आज आएगा UP का Budget, Budget पेश करने से पहले होगी Yogi Cabinet की Meeting | UP Budget 2024-25By PunjabKesari TV| 0 views
Bigg Boss 17 WKW Update | Karan Kundra Ki Hogi Entry, Salman Ke Samne Dikhenge
Bigg Boss 17 WKW Update | Karan Kundra Ki Hogi Entry, Salman Ke Samne Dikhenge
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Bigg Boss 17 WKW Update | Karan Kundra Ki Hogi Entry, Salman Ke Samne DikhengeBy Bollywood Spy| 145 views
Biolage Deep Treatment Pack Review| Hair Care for dry, frizzy, damaged, colored hair, split ends.
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#DeepTreatmentPack #BiolageIndia @biolageBy Neha Desai| 337008 views