• Jim Chanos: Bitcoin Is “Speculation Masquerading As Breakthrough”

    11 days ago - By ETF Daily News

    From Tyler Durden : Hedge fund mogul Jim Chanos claimed Bitcoin was “masquerading as a technological breakthrough” in a new interview with Bloomberg June 4.
    Chanos said that in the event of a global crisis, it would be “better” to own food, or a government-backed currency.
    Speaking to the Institute for New Economic Thinking and quoted by various media outlets, Chanos, who last year stated he “didn't understand” Bitcoin or blockchain technology, issued stark warnings about cryptocurrency investment.
    “We're now nine years into this bull market, same as the '90s, so I suspect that now things...
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