17 Dec Millionaire says the cryptocurrency is ‘pretty much dead’
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Erik Finman, who became a teenage bitcoin millionaire during the crazy run to $US20,000, has warned bitcoin maximalists — believers in the world’s best-known cryptocurrency — that the long-term outlook is bleak.
Finman hit the headlines as a teenager in early 2018 when his rags to riches bitcoin tale made him an overnight superstar. At the age of 12, Finman began to purchase bitcoin with a gift from his grandmother.
But the bitcoin early adopter has warned investors that putting all their eggs in one basket is a mistake, saying the largest digital currency has a finite shelf life.
“Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last,” Finman, now 19, told MarketWatch. “It may have a bull market or two left in it, but long-term, its dead.”
That’s a hot take coming from a guy who bought bitcoin in 2011, turning $US1000 into more than $US4 million.
However, it shouldn’t come as a surprise. In January, Finman told CNBC…
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