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Market Cap:
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Bitcoin Bitcoin Share: 59.7%
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Seeking Alpha
2022-07-11 19:41:31

Crypto and bitcoin are "BS" and rife with fraud, and most coins will "go under", says macro researcher Paul Krake

Crypto and bitcoin are "BS" and rife with fraud, and most coins will "go under", says macro researcher Paul Krake

Paul Krake is an ex-macro hedge fund manager who now provides research to professional investors. In an interview on Srivatsan Prakash's Market Champions podcast, he discussed three "mega trends": China's economic growth, climate transformation, and digitization. This is what he had to say about Bitcoin (BTC-USD) and crypto more broadly, with the quotes edited for clarity: 

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