• 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

Japan Launches First Legally Approved Yen-Backed Stablecoin

chest

Japan's JPYC launched the country's first legally approved yen-backed stablecoin in October 2025, integrating stablecoins into the regulated financial system.

user avatarNguyen Van Long

Asia's Shift Towards Local Currency Stablecoins

chest

In 2025, Asian countries began to focus on developing stablecoins linked to their local currencies, while the US dollar continues to dominate the market.

user avatarSatoshi Nakamura

AI Growth Fuels Data Center Expansion Amid Water Shortages

chest

The rapid growth of artificial intelligence is driving a significant increase in data center construction across the United States, particularly in areas already facing water shortages.

user avatarKofi Adjeman

Turkmenistan Approves Cryptocurrency Mining and Trading.

chest

Turkmenistan has taken a significant step by legalizing cryptocurrency mining and trading, marking a shift in its economic strategy.

user avatarJesper Sørensen

XRP Supply Analysis: ETF Holdings Absorb Significant Market Share

chest

Recent data indicates that a substantial portion of XRP's supply is absorbed into ETF holdings rather than being burned or lost.

user avatarRajesh Kumar

Greg Abel Takes Control of Berkshire Hathaway

chest

Greg Abel has officially taken over as CEO of Berkshire Hathaway from Warren Buffett, managing a significant cash reserve.

user avatarEmily Carter

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.