more than 80 during a time when many were concerned about the financial state of Mediterranean nation Cyprus, according. See also: show chapters, this article has been revised and updated to include more context and information about investment practices. JPMorgan Chase CEO Jamie Dimon famously dismissed the cryptocurrency as "a fraud." At the Delivering Alpha conference presented by cnbc and Institutional Investor, he added, "It's just not a real thing, eventually it will be closed.". Finman is particularly bullish on bitcoin: He says it's currently your best bet, though he notes that another coin could eventually take the top spot.
Most people aren't buying into the value of the technology, they're buying into the hype. Take a look at Bitcoins inflation rate and supply rate: In addition to being scarce, bitcoins are useful. Mark Cuban : Only invest what you're willing to lose. It seems silly to some people that one bitcoin can be worth hundreds of dollars. Final Thoughts Its important to understand how Bitcoin works before investing any money. Read more about the Ledger Nano or buy one.