Billionaire John Paulson predicts bitcoin will fall to zero
The well-known and respected investor and billionaire, John Paulson, recently surprised the public with a controversial sentence he uttered during an interview for the Bloomberg portal. The sentence read as follows: “I would not recommend anyone to invest in cryptocurrencies”. Paulson claims that cryptocurrencies are “a financial bubble that will eventually burst”. The same investor in 2007 correctly predicted (and bet on) the crisis in the mortgage markets. Who is John Paulson and what exactly did he say, in the article below.
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