Crypto News

He argues that the cryptocurrency has no intrinsic value and is driven solely by speculation and hype. Pabrai's Concerns About Bitcoin Pabrai believes that Bitcoin's value is solely based on supply and demand, with no underlying asset or cash flow to support its price. He also points out that Bitcoin's price is highly volatile, making it unsuitable for long-term investment. Moreover, Pabrai argues that Bitcoin's limited supply and deflationary nature make it a poor store of value, as it cannot keep up with economic growth and inflation. He also questions the sustainability of Bitcoin's mining process and the potential for government crackdowns on its use. Is There Any Hope For Bitcoin? Despite Pabrai's concerns, many investors and experts remain bullish on Bitcoin and other cryptocurrencies. They believe that the technology behind Bitcoin, blockchain, has the potential to revolutionize industries and create new forms of value. Furthermore, with the inc...