Bitcoin belongs more to the realm of fraud than finance or economics – analyst


Cryptocurrencies have no intrinsic value behind them, which is why they can be compared to Monopoly money, according to Alessandro Bruno, senior political and financial writer at Lombardi Letter.

“It’s not about innovation, it’s not about progress, it’s not about automation. Bitcoin – and other cryptocurrencies (except for the gold backed or oil backed ones, has become another financial ‘expression’ or ‘product,’ which belongs more to the realm of fraud than finance or economics,” Bruno wrote to RT.

source: https://www.rt.com/business/418417-bitcoin-ponzi-fraud-analyst/

 

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Author: Rayan M

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