Seth Klarman, a wealthy investor and hedge fund manager in the United States, is doubting the utility of cryptocurrencies in the face of ongoing market volatility.
Seth Klarman believes cryptocurrencies may become worthless, saying, “I can’t see the point of crypto. It has this feel to me of being like a catnip for techies. Why do people need 10 or 50 different cryptocurrencies? I don’t get it. I don’t think anybody needs to own it. It just seems to me that it could end up very much in tears,” said Klarman.
Everything happening in the crypto world, in real time