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Bitcoin is more like a casino game.

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1 year ago

Well-known investor and founder of Mobius Capital Partners Mark Mobius compared the first cryptographic currency with casino games.

Mobius stressed that there is no reliable information on which to predict the price movement of bitcoin. Investment in the first cryptovolta is more like a casino game, and attempts to predict the course of the bitcoin are 'loser games'.

The recent sharp drop of the first crypt currency by $3,000 has attracted the attention of cryptographic skeptics. For example, Nouriel Roubini compared investments in bitcoins with gambling, and Peter Schiff called the purchase of bitcoins by MicroStrategy management "an extremely dangerous step.

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