CandleFocus Bitcoin is a bubble: Charles Bobrinskoy warns of speculative Bitcoin pump
2024-12-05
Author: Content Editor
Charles Bobrinskoy of Ariel Investments has warned that Bitcoin is a momentum-driven bubble and a "get-rich-quick scheme." He expressed concerns about Bitcoin's lack of regulation, its association with criminal activities, and its detachment from traditional Know Your Customer rules. Bobrinskoy predicted a sharp decline in Bitcoin's value once its momentum fades, and he believes it will expose investors to significant risks. Ariel Investments, known for its disciplined value approach, has long been skeptical of cryptocurrencies without stronger regulatory frameworks.
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