• Bitcoin is 'speculation of the highest order' and should be banned, says billionaire investor Rakesh Jhunjhunwala

    2 days ago - By Business Insider

    Bitcoin.
    KTS Design/Science Photo Library/Getty Images
    Billionaire investor Rakesh Jhunjhunwala believes bitcoin should be banned.
    "I think it's speculation of the highest order. I don't want to join every party in town. I think the hangover is much worse," he told CNBC on Tuesday.
    He also thinks Indian regulators should ban the token and focus on an Indian digital currency.
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    Billionaire investor Rakesh Jhunjhunwala joined the chorus of bitcoin bulls on Tuesday, saying in an interview that regulators should crack down...
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  • Bitcoin is 'speculation of the highest order' and should be banned, says billionaire investor Rakesh Jhunjhunwala

    Bitcoin is 'speculation of the highest order' and should be banned, says billionaire investor Rakesh Jhunjhunwala

    2 days ago - By Business Insider

    Summary List Placement Billionaire investor Rakesh Jhunjhunwala joined the chorus of bitcoin bulls on Tuesday, saying in an interview that regulators should crack down on the popular cryptocurrency.
    "I think it's speculation of the highest order. I don't want to join every party in town. I think the hangover is much worse," he told CNBC. "I will never buy bitcoin in my life."
    Jhunjhunwala, sometimes referred to as India's Warren Buffet, also said that regulators in India should take a stand.
    The Indian government has yet to implement laws on cryptocurrencies, but in an upcoming session...
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