Bitcoin is ‘not an asset’ and has ‘no intrinsic value,’ says $225 billion investment company
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5 months ago
MSNJim Edwards
If you’re an institution, emotion doesn’t matter. Data does. When analysts actually ran the numbers, the result was obvious: Bitcoin and Ethereum capture over 97% of the entire crypto market’s volatility. That means you don’t need anything else and institutions know it. I own Bitcoin. I own Ethereum. That’s it. I dumped the rest long before the meltdown, and I don’t regret it. The hard truth? Nobody is allocating real capital to the rest and they’re not coming back. | Kevin O'Leary
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