You are at: Home » “Seth Klarman calls bitcoin a ‘trading sardine,’ others say ‘speculative mania’ – They are right” – CNBC | $16,547.58

“Seth Klarman calls bitcoin a ‘trading sardine,’ others say ‘speculative mania’ – They are right” – CNBC | $16,547.58

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The biggest names in investing — including Druckenmiller, Dalio, Chanos, Gundlach and Klarman — are all now criticizing bitcoin, saying the pre-eminent cryptocurrency has critical flaws.

Billionaire Stanley Druckenmiller told CNBC Tuesday he is skeptical bitcoin can be a viable digital currency.

 “What I do know about bitcoin is, the concept it could ever be a medium of exchange has been eliminated because you can’t do transactions, particularly retail transactions, with this kind of volatility,” he said.

Eulogy made by Stanley Druckenmiller

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Zsofia takes care of our readers’ questions. Zsofia started mining Bitcoin, then some altcoins with the available AMD GPUs together with her brother. Although her mining activity has stopped by now her passion for blockchain technology and cryptocurrencies remains.

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