Financial analyst called the largest Bitcoin Ponzi scheme
Source:Financial analyst Gary Shilling said his eponymous investment company A. Gary Shilling & Co. selling bitcoins, as it "some Grand pyramid". In an interview with CNBC Schilling expressed concern about the opaque nature of kryptonyte. Most of all he cares about is the mystery around the identity she never revealed. He is also not sure that the bitcoins in the end will indeed be a limited supply.
theOf Course, everyone says «so was planned», but show me where it written in stone? In addition, I am very concerned about the growing because of the desire of the miners to detect as many of these blocks for the Bitcoin network.
I don't believe in black box
According to reports CCN, Shilling for a long time consider themselves in the camp of cryptocaryon. In October 2017, he admitted that he does not understand Bitcoin and have designated it as a "black box". In the terminology of investors, this means a complex investment model.
Gary Shilling has not changed its attitude and continues to believe that cryptocurrency is a major Scam that is any good will not result. In his opinion, Bitcoin cannot be called a currency because it lacks three key features of legitimate currencies:
This is not the unit of change values. This is not a medium of exchange. It was not accepted as payment. Everything else, I am extremely suspicious in an opaque things. If I can't understand anything, I wouldn't want to invest.
Schilling also did not forget to mention the bearish sentiment in respect of cryptocurrency billionaires Warren Buffett and bill gates. In may 2018 Buffett called Bitcoin , which only attracts charlatans. In turn, gates called cryptonote .
About the differences between Ponzi schemes and financial pyramids read . And more data to search for .
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