Buying Bitcoin is a 'fool's game,' prominent economist steve_hanke claims. $BTC
, who is a vocal Bitcoin opponent, has taken to Twitter to share why he does not believe in Bitcoin as a currency.
Earlier this week, Hanke trashed Bitcoin in a tweet. However, this time, he also shared three things that, he believes, will continue to bring trouble to the flagship cryptocurrency.The economist tweeted that, for him, Bitcoin is nothing more than a highly speculative asset and not a currency, by any means. According to him, the following three things will continue to give it a bad name: Bitcoin's unreliability, lack of stability and susceptibility to fraud.
Hanke urged his followers not to be tricked into buying Bitcoin, since doing so would be a"fool's game." The pasquinade picture Hanke shared with his tweet seems to precisely show his attitude to the leading digital coin – it says Bitcoin is"backed by thin air" and has an inscription saying"in luck we trust."
Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.
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