Apprenticeship manager expects governments against Bitcoin, warns of intensive crypto regulation-regulation
Apprenticeship manager expects governments against Bitcoin, warns of intensive crypto regulation-regulation
The founder and Chief Investment Officer from Hayman Capital Management, Kyle Bass, has warned that governments will start to really act against Bitcoin. He predicts that the US finance ministry and the Internal Revenue Service (IRS) will be "intensive".
Kyle Bass, founder and Chief Investment Officer from Hayman Capital Management, spoke about Bitcoin and the prospects for cryptocurrencies in a interview In the investor’s podcast Network, published on Saturday. Bass is a hedge fund manager who completed successful bets on subprime loans in 2007. while he recognizes that "Millennials love private cryptocurrencies" and "people like to think that it is a perfect replacement or a great replacement for gold and / or an inflation protection," said Bass: I tend to think that authoritarian governments and western democracies will start to really act against Bitcoin. he referred to China that is going against crypto activities. "I know that China first thrown out the miners and then forbade private cryptocurrencies. They did it a year earlier than I expected," he said and added: I think you will experience intensive regulation by the US Ministry of Finance and the IRS next year. He also spoke about "discounts" and how to protect yourself from "this insidious inflation". "I know that Bitcoin has developed well. I know that the returns have literally remained out of the charts for many, and there are many new billionaires in Bitcoin land," he noted. However, he warned: "I think the easy money is earned ... I think it will be really difficult from now on to make money there." bass further announced: "I have a few private positions in large companies that act Bitcoins and NFTs, grant loans and develop [non-fungable tokens] and all the digital universe of the letter soup things that are out there." He concluded: "I think the blockchain, I think that NFTS, all these things are very important to stay. Private crypto, I have set a question mark in the long run. I would now be careful." The investment manager also does not believe that we are in a bubble. "I don't think we are in a bubble today when it comes to the circumstances and the debt in the system is a problem," he said. What do you think of Kyle Bass' comments? Let us know in the comment area below. Bedy verification : Shutterstock, Pixabay, Wiki Commons fund manager expects "intensive" crypto regulation
next year