October 1, 2022

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Billionaire Calls Crypto ‘Worthless’, Chooses Gold Instead

<img width="300" height="169" src="https://ethereumreader.com/wp-content/uploads/2021/08/billionaire-calls-crypto-worthless-chooses-gold-instead.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Billionaire Calls Crypto ‘Worthless’, Chooses Gold Instead" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" link_thumbnail="" srcset="https://ethereumreader.com/wp-content/uploads/2021/08/billionaire-calls-crypto-worthless-chooses-gold-instead.jpg 300w, https://coinquora.com/wp-content/uploads/2021/08/Billionaire-Calls-Crypto-‘Worthless-Chooses-Gold-Instead.jpg 730w" sizes="(max-width: 300px) 100vw, 300px" />US billionaire — John Paulson says cryptocurrencies are ‘worthless’. He says they exist in a bubble and will fall to

Billionaire Calls Crypto ‘Worthless’, Chooses Gold Instead

  • US billionaire — John Paulson says cryptocurrencies are ‘worthless’.
  • He says they exist in a bubble and will fall to zero once demand drops.
  • Alternatively, he says that gold is a better option for investing.

The famous billionaire — John Paulson, believes that cryptos are not worth the hype. He believes that cryptocurrencies are a waste of time and does not recommend investors to invest in these digital assets.

The 65-year-old billionaire investor shares his thoughts on good investments with Bloomberg. Having made his fortune by betting against the US’s housing market over a decade ago, Paulson is certain about his current choices in investments.

Paulson Does Not Recommend Investing in Cryptos

To highlight, Paulson says he is not a fan of cryptocurrencies. In fact, he says that cryptos are a ‘bubble’. He elaborates by saying that cryptos are a limited supply of nothing. For instance, he says, until there is high demand over limited supply, the asset prices will go up.

Source: coinquora.com