Financial forecaster Gary Shilling calls bitcoin a black box saying he won’t invest in it. – Bitcoints

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Published on October 11th, 2017 | by bitcoin

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Financial forecaster Gary Shilling calls bitcoin a black box saying he won’t invest in it.

Financial forecaster Gary Shilling became the latest market analyst to critique cryptocurrencies, remarking yesterday that he views the technology as a “black box” he would not invest in.
The president of Gary Shilling & Co, Inc and a frequent commentator on TV networks, Shilling told Business Insider he takes issue with the lack of clarity behind who invented the concept.
Further, he related a recent conversation with a friend during which he asked about the pseudonymous founder, Satoshi Nakamoto, comparing the answer he received with past financial scams.
Earlier this summer, JPMorgan Chase CEO Jamie Dimon called bitcoin a “fraud” and predicted its demise at the hand of regulation.
Gary Shilling image via Youtube/Bloomberg

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