Financial Analyst Gary Shilling Shorts Bitcoin: It’s a ‘Grand Ponzi Scheme’

Financial Analyst Gary Shilling Shorts Bitcoin: It’s a ‘Grand Ponzi Scheme’


Financial analyst Gary Shilling said his eponymous New Jersey investment firm, A. Gary Shilling & Co., is shorting bitcoin because it’s “some kind of a grand Ponzi scheme.” Shilling told CNBC that he’s troubled by the opaque nature of the crypto industry. Specifically, he’s concerned that the identity of Satoshi Nakamoto — the inventor of bitcoin —

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Posted by Samantha Chang on November 16, 2018 @ https://www.ccn.com/financial-analyst-gary-shilling-shorts-bitcoin-its-a-grand-ponzi-scheme/

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