Ample Money : Bitcoin 'Seems Like a Bubble', Says Billionaire Investor Carl Icahn

Billionaire investor Carl Icahn has jumped on the bandwagon of financial bigwigs saying bitcoin is in a bubble.

The business magnate and founder of Icahn Enterprises told  that the cryptocurrency “seems like a bubble” and that he didn’t understand the hype around bitcoin.

Icahn stated:

“I got to tell you honestly, I don’t understand it … I just don’t get it. I just stay out of something if I don’t understand it.”

The investor further compared the bitcoin market to 18th-century before it finally collapsed. “To me, this is what this is,” he said.

His comments follow similar comments from investor Warren Buffett in October, describing bitcoin as a “.” Buffett said at the time, “People get excited from big price movements, and Wall Street accommodates,” while criticizing the idea of applying a value to bitcoin.

Additionally, Credit Suisse CEO Tidjane Thiam last month that bitcoin is “the very definition of a bubble,” calling the anonymity of the cryptocurrency a “challenge.”

 image via Shutterstock


The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a . Have breaking news or a story tip to send to our journalists? Contact us at .

Be the first to comment

Leave a Reply

Your email address will not be published.


*