Bitcoin a bubble unless broader uses emerge: Cliff Asness
Cliff Asness, co-founder of AQR Capital Management, labeled Bitcoin a speculative bubble following its meteoric rise to over $100,000 after the November 2024 U.S. presidential election. Asness said he remains skeptical of Bitcoin’s (BTC) long-term value due to the absence of clear, practical uses beyond speculation and illicit activities. “I’m on the bubble side, on […]
