John Paulson: Crypto is a Bubble, No one is Recommended to Invest
TokenInsight news, John Paulson said in an episode of Bloomberg TV's "Bloomberg Wealth with David Rubenstein" program: Cryptocurrency is a bubble, except for a limited amount, it has no intrinsic value. Once the boom subsides or liquidity dries up, it will return to zero. I don't recommend anyone invest in cryptocurrency.
Previously, John Paulson was hailed as the "Wall Street God" for shorting large positions in subprime mortgages during the 2008 U.S. subprime mortgage crisis. One of the prototypes of the movie "Big Short" is John Paulson. The scale of its hedge fund management reached a peak of 36 billion U.S. dollars in 2011 and fell to less than 9 billion U.S. dollars last year.