Bitcoin is a bubble: Charles Bobrinskoy warns of speculative Bitcoin pump
Charles Bobrinskoy of Ariel Investments has warned that Bitcoin is a momentum-driven bubble, predicting an imminent price decline as regulatory and market sentiment shift. Bobrinskoy issued this stark warning about Bitcoin btc-3.12%Bitcoin, labeling the cryptocurrency a “get-rich-quick scheme” driven by momentum rather than intrinsic value. Speaking on CNBC’s The Exchange, Bobrinskoy expressed concerns about Bitcoin’s reliance on minimal regulatory oversight, which...
