This Billionaire Said, “Those Investing In Crypto Will Cry One Day”

While billionaires like Elon Musk support cryptocurrencies, there are other billionaires who walk miles away from this crypto sector. Hedge fund manager Seth Kalaraman is one such personality who, despite being a billionaire, does not believe in digital assets like crypto. Seth Kalaraman has said about cryptocurrencies that people who invest in crypto will one day be in big losses and in the end they will have to cry for their decision.

Seth Kalaraman, owner of Boston-based Baupost Group, has said that crypto Investors will have to cry one day. Business Insider The report says that Seth considers gold a better investment option than bitcoin or cryptocurrencies. Seth has a net worth of $1.2 billion (Rs 93.98 billion) in Varman. They believe that crypto itself is useless. No need for crypto.

This American businessman has said that bitcoin How much power is being spent in key mining is wrong, and they condemn it. He believes that it is a madness to spend so much energy in solving mathematical problems. Apart from this, he has also questioned the need of altcoins. They are very surprised that so many different cryptocurrency are present.

Following his statement, Seth is joined by Microsoft co-founder Bill Gates and Berkshire Hathaway CEO Warren Buffett. Earlier Bill Gates said that he would like to buy all the coins currently in circulation for only $25. Along with this, Seth has praised gold and said that every investor should keep at least some gold in his investment portfolio. <!–

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