“Hedge-fund honcho Singer says bitcoin is ‘one of the most brilliant scams in history’” – MarketWatch | $10,941.31

Outspoken hedge-fund manager Paul Singer offered perhaps his most withering assessment of cryptocurrencies to date, denouncing the technology and describing it as worse than a fraud.

“When the history is written, cryptocurrencies will likely be described as one of the most brilliant scams in history,” Singer said in a letter to clients dated January, which was first reported by Business Insider.

Singer, who founded hedge fund Elliott Management, said digital assets, which have ballooned in mainstream attention over the past months, represented “not just a bubble. It is not just a fraud. It is perhaps the outer limit, the ultimate expression, of the ability of humans to seize upon ether and hope to ride it to the stars.”

Eulogy made by Paul Singer

Source

Bitcoin Video Crash Course 

Join over 94,000 students and know all you need to know about Bitcoin. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.

Leave a Reply

avatar
 
  Subscribe  
Notify of