Bitcoin comments from The Big Short legend

Steve Eisman, the legendary figure portrayed as Mark Baum in the movie The Big Short, who predicted the 2008 mortgage crisis and made a profit of over $2.5 billion with a 489% return rate, made statements about Bitcoin and cryptocurrencies.

Eisman, Speaking at the CFA Institute’s annual conference today, he said he is not a fan of the investment frenzy around cryptocurrencies, according to the report in the Wall Street Journal.

‘There are two reasons Bitcoin is popular’

Eisman said, “Digital currencies like Bitcoin have gained popularity for only two reasons: Speculation and money laundering.” He even questioned the reason for the existence of these currencies.

Speaking in front of approximately 1500 people, Eisman continued, “I don’t understand the purpose of this.. What value does cryptocurrency really add? No one has been able to answer that question for me.”

Eisman also said he never bought or sold cryptocurrencies.. Emphasizing that he is not an expert on the subject while making these comments, Eisman finally said, “I wonder why the regulators do not make more effective regulations regarding cryptocurrencies.”

Eisman, who is now managing director of Neuberger Berman, is apparently critical of digital currencies with his thinkers, including Jamie Dimon of JPMorgan Chase, Warren Buffet of Berkshire Hathaway, and Charlie Munger of leading market leaders. joins the figures. Buffett said earlier this month that Bitcoin is ‘rat poison’ and stated that it produces nothing.

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