Peterffy believes that cryptocurrency prices could soar to millions or ultimately crash to zero, which is why his bet is relatively conservative: , who has repeatedly called cash “trash,” also came out in favor of Bitcoin last year, but he recently clarified that he wasn’t a raging bull, merely recognizing the top cryptocurrency as a means of diversification. The legendary hedge fund manager continues to stand by his prediction that governments could potentially ban Bitcoin.
Last May, Krugman wrote that he had given up on trying to predict Bitcoin’s “immediate demise,” claiming that its cult can survive “indefinitely.” In an op-ed published by the New York Times, Krugman wrote that the cryptocurrency was “a long-running Ponzi scheme” that can be compared to the sham orchestrated byThe Nobel laureate argued that the value of the largest cryptocurrency is being inflated by unsubstantiated claims about the impending demise of fiat money.
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