Seth Klarman, hedge fund manager is one of the skeptical billionaires cryptocurrencies Very recently, he has speculated that Crypto investors may end up in tears wiping their knees. reportfrom Business Insider
Klarman, who has an estimated net worth of $1.2 billion, believes that crypto is useless. and condemns the excessive energy consumption of Bitcoin, in which he believes it to be “crazy” to waste huge amounts of energy on solving mathematical problems.
Klarman also questioned the need for altcoins, with executives seemingly baffled by the fact that there were. cryptocurrencies many different
With his latest anti-Bitcoin comments, Klarman joins other skeptical crypto billionaires such as Microsoft co-founder Bill Gates and Berkshire Hathaway CEO Warren Buffett, whom Klarman previously said he would buy. All coins available for only 25 dollars.
Although he despised Bitcoin, Klarman said he was a fan of gold. And he believes it’s a prudent act to have at least some gold in the portfolio.
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