RATE Group | Bitcoin Future Forecast: As BTC Falls Bloomberg Editor Condemns Cryptocurrencies While A…
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Bitcoin Future Forecast: As BTC Falls Bloomberg Editor Condemns Cryptocurrencies While A…

16 Dec Bitcoin Future Forecast: As BTC Falls Bloomberg Editor Condemns Cryptocurrencies While A…

Posted at 00:13h in Cryptocurrency News by

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Reddit co-founder praises Bitcoin, says it's a store of value against hyperinflation; to fuel new internet

The turmoil in the cryptocurrency industry this year is no joke. Prices have fallen from their all time highs to lows that they haven’t traded in for the last one year. Many experts have publicly talked about their opinion of the dying market. One of them is Matt Winkler. Winkle is the former chief editor at Bloomberg. Speaking with Bloomberg’s Emily Chang, Winkler talked about cryptocurrencies and Bitcoin in particular.

How Winkler Feels About BTC

During the interview, the business reported said that the startups of the Dotcom era were valued based on their earnings in cash. This form of indicator is questionable in the eyes of fundamentalists. Comparing the Dotcom Bubble to Bitcoin, the editor said that it is difficult to value cryptocurrencies based on their intrinsic worth. He said that commentators typically perform mental gymnastics in a bid to come up with target prices for cryptocurrencies.

Winkler made reference to world-know business man, Warren Buffet, who…

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