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Billionaire Investor John Paulson Calls Crypto A Worthless Bubble

And I would say that cryptocurrencies are a bubble. I would describe them as a limited supply of nothing. So to the extent there’s more demand than the limited supply, the price would go up. But to the extent the demand falls, then the price would go down. There’s no intrinsic value to any of the cryptocurrencies except that there’s a limited amount.

Autor

John Paulson

Hedge Fund Manager

Zdroj

CoinGape

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