Magellan (fund manager) founder says crypto going to zero.

Magellan (fund manager) founder says crypto going to zero.

Magellan Financial Group co-founder Hamish Douglass says “when we look back in 20 years it will be the case study of the irrationality”.

  • “Cryptocurrencies, I have to say, are one of the greatest irrationalities I’ve seen in a very, very, long period of time because of the cult-like following it has behind it and the scale that is behind it” 
  • it is inevitable crypto crashes to zero when other speculative bubbles eventually run their course and blow up.

Agree, disagree … ? Comments welcome! Oh, one thing he is spot on about:

  • said he expected to be widely attacked for his views on crypto

Yep.  Here is the link (may be gated)  for more. 

Meanwhile, Bitcoin update:

Magellan Financial Group co-founder Hamish Douglass says "when we look back in 20 years it will be the case study of the irrationality".

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