Gary Shilling continues to criticize Bitcoin at every opportunity.
The famous investor Gary Shilling spoke to Business Insider and said that Bitcoin is a black box. That’s why the leader did not invest in crypto money, he said that he did not prefer to invest in things that are not transparent.
In an interview, Shilling stated that an investor friend had earned a large amount of revenue from Bitcoin. Shilling asked Bituroin creator Satoshi Nakamoto and wondered if he couldn’t get any information about Nakamoto.
It is known that a person or team called Satoshi Nakamoto 10 shared his Bitcoin whitepaper via email. A lot of research has been done on the subject and almost all of them are talking about different names. That’s why Shilling likens crypto coins to the South Sea balloon, one of the biggest balloons in history. The balloon is described in the book written by Charles Mackay. Moreover, he says that it is a great investment, but it doesn’t give any other details. Olduğun Shilling says that it is possible to stand out easily because of the unknown identity.
We had already shared Shilling’s criticism with you , claiming that the famous analyst Bitcoin was a big ponzi scheme. In his speech to CNBC, he argued that Bitcoin failed as a currency.
Shilling is one of those rare analysts who have predicted past pauses and crises. But what he predicted and consistent was quite old. We see that analysts who grow up in traditional finance and are very close to innovations are often mistaken. On the other hand, I think it is unreasonable for many analysts to compare past balloons with Bitcoin, perhaps the future’s technology. We can say that price fluctuation is quite natural because it is a new developing value.