Jim Chanos Is Out of His Profundity Trashing Crypto Assets – Bitcoints

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Published on June 14th, 2018 | by bitcoin

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Jim Chanos Is Out of His Profundity Trashing Crypto Assets

Jim Chanos Is Out of His Profundity Trashing Crypto AssetsAdd Jim Chanos to the list of venerable experts who consider cryptocurrencies to be a scam.
In a recent interview, Chanos says, among other things, “Cryptocurrency is a security speculation game masquerading as a technological breakthrough.”
At a high level, the flaw in their positions is: “I know finance, crypto is finance, so I know crypto.”
While Chanos is not the only one guilty of misusing the term “cryptocurrency,” it’s still seriously misleading.
If he took the time to learn more about crypto before issuing sweeping statements, Chanos would use the generic term “crypto asset.”

Source: Www.coindesk.com

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