Crazy fund manager spreading incredible FUD

[A62662]

Asset management company that doesn't welcome new technology but after missing the train then spitting out these fud to get the whole crypto down. I mean, he's kinda got a point about bitcoin digital gold and myself honestly don't even consider bitcoin as a gold even once but it seems he keeps refusing the underlying technology of bitcoin and how blockchain really works. People like him still think crypto which is truly decentralized can be manipulated as easily as printing money.

Did you even watch the video where he explains the facts? You either didn't watch it, or didn't understand it. Stop trying to spread fake news.

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[kryptqnick]

https://youtu.be/6fmwTGpVCvo?t=478

But in all seriousness, he does have a point, doesn't he?

As always, this guy is just not ready for innovations. Bitcoin is not just a useless thing bubbling up, it's a good piece of technology that created something which wasn't ever possible before (a type of money which is decentralized and independent). It's true that the price is likely to go down eventually, but it doesn't mean that Bitcoin itself is a bubble. This guy was right about the 2008 world crisis, but he also got tons of things wrong, such as the dollar collapse (he predicted it in 2007), the credit cards' collapse and gold at $5k per ounce. He's obsessed with gold and hates other things, even though gold itself is more useless that Bitcoin.

[mindrust]

He's obsessed with gold and hates other things, even though gold itself is more useless that Bitcoin.

Gold is useless as what? As a currency? True.

It is very useful as conducting metal. It is being used in every electronic device there is. (they don't use something else for a reason)


https://geology.com/minerals/gold/uses-of-gold.shtml

What bitcoin is doing however (which is sending and receiving money) can be done by any other crypto. Doge functions as well as Bitcoin as a currency. (some say doge is even better)

[LogitechMouse]

He is just saying some random stuff that he doesn't know about.

• Bitcoin has no use
• Nothing similar to Gold
• "Fools" Gold
• Buying Bitcoin is a mistake

Thanks to these summary, I don't need to spend my time watching the video the OP has posted.

Overall, we have a what we call "freedom of speech". Anybody can say anything to any. Whether it is a person or a group of people or a place or anything even Bitcoin. In the end, it will depend on the one who listens to what they are saying on how they will take it. FUD's are everywhere in the internet and I already saw many of it over the past years but here we are today. Bitcoin has been a victim of FUD's for many times but here we are making new ATH after ATH.

In the end, lets just not listen to these FUD's and just support crypto .

[blckhawk]

https://youtu.be/6fmwTGpVCvo?t=478

But in all seriousness, he does have a point, doesn't he?

I would say that everybody has their own opinion and we should respect it. He may have a point in some arguments but it doesn't necessarily mean this will all happen. Perhaps he and us the crypto enthusiast have no same vision that is why no matter how many times we explain our ideas he wouldn't get it if he don't want to. The best thing to do in this situation is that you should believe what you want to believe, if you believed that Bitcoin is the future then so be it don't let others sway you by negative ideas.

[tradri]

Why does the OP call the fund manager crazy, just because he says bitcoin is worthless shit? He's not crazy at all, in fact he's the exact opposite of crazy. He is one of the smartest men out there.

Let me tell you what pure crazy looks like ---- buying bitcoin at the peak after a large run up and see it crash hard. That is what crazy look like.

If it isn't clear by now that the title was blatantly exaggerated sarcasm, I chose that title because otherwise, it would just seem like I'm a hater that wants to spread FUD in a Bitcoin forum ;-)