RATE Group | Bloomberg Editor Critical Of Bitcoin (BTC) — Wants Blockchain, Not Crypto
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Bloomberg Editor Critical Of Bitcoin (BTC) — Wants Blockchain, Not Crypto

15 Dec Bloomberg Editor Critical Of Bitcoin (BTC) — Wants Blockchain, Not Crypto

Posted at 15:00h in Bitcoin News by

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Bloomberg Former Editor-In-Chief Bashes Bitcoin (BTC)

Amid 2018’s tumult and market downturn, Matt Winkler, the former editor-in-chief at Bloomberg News, recently cut out some time to speak with the outlet’s Emily Chang to discuss cryptocurrencies and Bitcoin (BTC).

Speaking with the outlet’s anchor in a short interview, Winkler, a world-renowned reporter in the business realm, first explained that Dotcom startups were valued by their cash earnings, a questionable indicator in the eyes of fundamentalists. With the essential second coming of the Dotcom Bubble in Bitcoin, the Bloomberg reporter explained that it’s hard to value cryptocurrencies by their “intrinsic worth,” adding that commentators do “mental gymnastics” to come up with target prices for this nascent asset class.

Winkler added that “even

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