Steve Eisman is a well-known investor, particularly influential on Wall Street. This is not a stranger because it inspired the character of the movie The Big Short. In other words, he is a respected personality in the United States. However, he gave his opinion on Bitcoin and crypto-currencies that have been very successful for several months now.
Bitcoin without interest?
Steve Eisman was in Hong Kong to participate in a particularly important convention in the finance sector. The man was keen to speak about crypto-currencies, explaining that for him it was only a passing thing: "I do not see the point. What is the added value of cryptocurrencies? No one has been able to give me an answer to this question. "
If his words are listened to so much, it is simply because this portfolio manager at Neuberger Berman was one of the only ones in the world to predict the big financial crisis of 2008. His opinion is respected, and he affirms that there is a terrible speculative bubble around Bitcoin, which makes it uninteresting.
A total misunderstanding
Steve Eisman believes that there is a cruel lack of regulation of cryptocurrencies around the world and that these virtual currencies are of no interest. They will also be causing a significant imbalance for the global economy in the years to come. Moreover, the analyst claims not to be interested in these digital currencies: "I do not touch it. I have no idea what I see ... And I'm not interested. "
Bitcoin and other crypto-currencies are therefore of no interest to this expert in the world of finance. It encourages investors to be very cautious and seems certain that these virtual currencies have no future in the long term. Is he right ? Our readers will get their idea ...