Topic: [2017-10-26] Is Bitcoin a fast money? An investment debate (Read 1847 times)
why many Economics say it is only Burn of Money
Andrew Left and Tom Lee, one being an opponent of Bitcoin usage and Tom Lee, who, contrariwise, supports cryptocurrency, have met on the Fast Money TV program (CNBC).
Mr. Left once again repeated one of the classic theses cryptocurrency critics use: Bitcoin is overestimated, it’s doomed to fall. Its price does not correspond with its real value, Andrew Left believes. He is a member of Citron Research.
Mr. Lee believes differently: Bitcoin will not fall, it will go up to 25,000 U.S. dollars in the next 5 years and maybe even higher. When it comes to the Bitcoin Investment Trust, which Andrew Left does not consider a good investment, Thomas Lee thinks this is an “attractive buy”. The latter is a member of Fundstrat Global Advisors.
This notion about $25,000 was irresponsible, Left replied and stated that Lee must give investors false dreams of quick wealth, as “we don’t know what Bitcoin is right now”.
Read more
Mr. Left once again repeated one of the classic theses cryptocurrency critics use: Bitcoin is overestimated, it’s doomed to fall. Its price does not correspond with its real value, Andrew Left believes. He is a member of Citron Research.
Mr. Lee believes differently: Bitcoin will not fall, it will go up to 25,000 U.S. dollars in the next 5 years and maybe even higher. When it comes to the Bitcoin Investment Trust, which Andrew Left does not consider a good investment, Thomas Lee thinks this is an “attractive buy”. The latter is a member of Fundstrat Global Advisors.
This notion about $25,000 was irresponsible, Left replied and stated that Lee must give investors false dreams of quick wealth, as “we don’t know what Bitcoin is right now”.
Read more
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