Tags : bleak

Bitcoin

Billionaire who shorted 2008 crisis has a bleak warning for

Billionaire hedge fund manager John Paulson, notorious for making a fortune betting against the US housing market, thinks that cryptocurrencies, lacking intrinsic value, will eventually become worthless. In an episode of “Bloomberg Wealth with David Rubenstein,” Paulson, who made $20 billion for himself and investors when subprime mortgage bonds collapsed and spurred the financial crisis […]Read More

Bitcoin

Macau casino investor bets on Bitcoin (BTC) amidst a bleak

Chinese publicly listed firm Success Universe Group Ltd, which is a major investor in Macau-based casino and hotel resort Ponte 16, announced that it has purchased 24.3 Bitcoin ($1.35 million currently) as part of its portfolio diversification strategy, Inside Asian Gaming reported today. “In recent times, the Board observed increasing popularity of cryptocurrencies in the […]Read More