Another traditional investors confused to bitcoin
Bitcoin deep traditional investment field, the field of market leader also continued their stand, commercial wizards DennisGartman but stay away. Gartman still don’t understand the technology of currency, not so cold.
Gartman admits that appreciation block chain technology, bitcoin is quick money, but he will not touch.
The dream of gambling
Gartman said, let bitcoin price fluctuations become the hottest new product investment upset him.
“I believe it is the dream of gambling, but I’ll be far away from it, I have been away from it, never understand it, still do not understand”.
Gartman said, enjoy the bitcoin block chain technology brings, but the encryption currency volatility is too large, can not let him investment.
“I worry about that, one day, 10%, 15%, 5% wave 18% of what may be the price mechanism. Bitcoin price volatility is so big, how can you buy a house? How do you buy a car? How do you buy Starbucks with bitcoin?”
Alfa is no longer a soldier
The traditional asset investors continue to sound, become the new technology is no longer the experts have never met.
This dilemma seems to make them afraid, the billionaire investor, Oaktree capital (OaktreeCapitalGroup) Co President HowardMarks also like Gartman, say they don’t understand bitcoin.
VanEck, even from bitcoin, but also apply for exchange traded funds, investment bitcoin derivatives.
Is not as good as expected
Gartman bitcoin seems to understand only based on its capacity as currency, he said bitcoin is intended to than the dollar and the euro, but now has become impossible to calculate the currency.
“One day we will go in, it will end, and the end is bad”.