[2017-11-13] Chess Legend Garry Kasparov: Bitcoin Is Pure Speculation

[Agostosmori]

https://bitcointalk.org/index.php?topic=2398880.0

Chess Legend Garry Kasparov: Bitcoin Is Pure Speculation

Former world chess champion Garry Kasparov went to the Web Summit, in Lisbon, this year while representing cybersecurity firm Avast. PROTESTE INVESTE, a Portuguese investment website known for helping novice and experienced investors, managed to speak to Kasparov in an interview about bitcoin and cryptocurrencies.

In it, Kasparov revealed that bitcoin’s popularity doesn’t surprise him, and compared the cryptocurrency to “fake money” that’s “issued by governments in large quantities.” The chess grandmaster sees bitcoin as “fake money” because, according to him, about 80% of all available bitcoins are circulating in exchanges and financial markets, and are never truly used in any other industry, meaning they only serve investors.

https://www.cryptocoinsnews.com/chess-legend-garry-kasparov-bitcoin-is-pure-speculation/

What do you expect from other people, this people are trying to give negative feed back about the coin and then you will find out that they own a lot of bitcoins too. They are like whales who is using their influence to reduce the price for them to buy the coin at lower prices.

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[DannaWonder]

Chess Legend Garry Kasparov: Bitcoin Is Pure Speculation

Former world chess champion Garry Kasparov went to the Web Summit, in Lisbon, this year while representing cybersecurity firm Avast. PROTESTE INVESTE, a Portuguese investment website known for helping novice and experienced investors, managed to speak to Kasparov in an interview about bitcoin and cryptocurrencies.

In it, Kasparov revealed that bitcoin’s popularity doesn’t surprise him, and compared the cryptocurrency to “fake money” that’s “issued by governments in large quantities.” The chess grandmaster sees bitcoin as “fake money” because, according to him, about 80% of all available bitcoins are circulating in exchanges and financial markets, and are never truly used in any other industry, meaning they only serve investors.

https://www.cryptocoinsnews.com/chess-legend-garry-kasparov-bitcoin-is-pure-speculation/

He is somehow correct that most of the coins are not used in other industries, reason for that is because there is not much industry who accepts the coin right now but once that time came then bitcoin will be used everywhere. If it is a fake money then this fake money costs $7000 right now!