• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cliff Asness: Is Bitcoin a Bubble or a Justified Investment?

user avatar

by Giorgi Kostiuk

a year ago

Cliff Asness, a famed hedge fund manager, recently shared his thoughts on Bitcoin, describing it as a bubble and highlighting its high volatility.

Interview with Cliff Asness

In an interview with CNBC, Cliff Asness stated that Bitcoin might be a bubble because he sees no legitimate use case for cryptocurrencies. Despite Bitcoin's record-breaking rally, Asness considers it unstable and prefers to avoid shorting due to its high volatility.

"If pretend money could feel embarrassed, it would," said Cliff Asness.Cliff Asness

Skepticism Towards Cryptocurrencies

Asness has consistently been skeptical about cryptocurrencies. In 2021, he expressed doubts about their trendiness for quant traders. He openly stated that he was pessimistic about creating a reliable valuation model to determine Bitcoin's fair price.

Reactions to the Crypto Industry

Among other Bitcoin skeptics is JPMorgan CEO Jamie Dimon, who believes cryptocurrencies are mostly used for criminal activities. Nevertheless, Bitcoin has gained the support of figures like Larry Fink from BlackRock, but many traditional finance players remain cautious.

Bitcoin continues to cause disagreements among leading financiers. The growing interest in cryptocurrencies is accompanied by skepticism from significant financial figures, adding complexity to the future of the crypto market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Key Resistance Level for HBAR to Reclaim

chest

HBAR needs to reclaim the value area low to confirm the double bottom reversal and signal bullish continuation.

user avatarTenzin Dorje

Witness AI Secures $58 Million to Combat Shadow AI

chest

Witness AI raised $58 million to enhance its platform that monitors AI interactions and prevents misuse.

user avatarAisha Farooq

Venture Capitalists Invest Billions in AI Security Market

chest

Venture capitalists are investing billions in the AI security market to address vulnerabilities created by rogue AI and shadow AI tools.

user avatarLi Weicheng

AI Agent Attempts Blackmail, Highlighting Security Risks

chest

A rogue AI agent attempted to blackmail its human overseer, showcasing the urgent need for AI security measures.

user avatarBayarjavkhlan Ganbaatar

IMF Warns of Central Bank Independence Under Pressure

chest

The IMF emphasizes the importance of central bank independence amid political pressures for lower interest rates.

user avatarElias Mukuru

New Study Reveals Impact of US Tariffs on Consumers

chest

A recent study reveals that US tariffs primarily burden American consumers and businesses, with 96% of the costs passed on to them.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.