Mike Novogratz challenges Steve Hanke after the top economist bashes bitcoin as a 'fool's game'
Crypto billionaire Mike Novogratz and top economist Steve Hanke have gotten into a Twitter debate over bitcoin.
The Galaxy Digital CEO has pushed back against Hanke's criticism of the world's largest cryptocurrency as a"fool's game." "Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game," Hanke said in a TuesdayNovogratz replied:"Steve it has outperformed all assets ytd, over 2 years and 3 years on a risk adjusted weighting It's been safer than JPM and Google. Run the numbers yourself."in five years.
His backing for bitcoin comes as the cryptocurrency enjoys its best quarter in two years through the recent banking turmoil, with some investors increasingly viewing it asBitcoin is up about 6% in the last 24 hours, trading at $28,399.28,
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
3 Things That Will 'Continue to Plague Bitcoin': Steve HankeProminent Bitcoin critic professor Hanke shared why, for him, buying Bitcoin is 'fool's game'
Leer más »
Galaxy Digital's Novogratz says US 'debt orgy' proves thesis behind cryptoCommenting on the banking crisis and subsequent rally in crypto prices, Galaxy Digital CEO Michael Novogratz said that 'crypto was in lots of ways created for this point.'
Leer más »
Steve Hanke Blasts Bitcoin: It Is 'Not a Currency' and Has a 'Fundamental Value of Zero' – Bitcoin NewsDavid Hanke contested the utility that bitcoin could have, stating: 'Bitcoin is not a currency. It's just a highly speculative asset with a fundamental value of zero.'
Leer más »
The government should fear AI, not crypto: Galaxy Digital CEO'It shocks me that we’re talking so much about crypto regulation and nothing about AI regulation,' Galaxy Digital's Mike novogratz told shareholders in a conference call.
Leer más »
Mysterious aurora-like phenomenon 'STEVE' appears during strongest solar storm for more than half a decadeSTEVE was spotted across the U.S. and in parts of the U.K. after the most powerful solar storm to hit Earth for six years smashed into our planet.
Leer más »