Cryptocurrencies have no inner value, says South African Hedge Geard Guru-Blockchain

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Von: Krypto News Österreich

Jean-Pierre, the founder of the South African hedge fund Protea Capital Management, said he does not think that cryptocurrencies have an "inner value". He insists that cryptocurrencies have "elements of a ponzi scheme" and therefore has not invested in them.

a "wonderful technology"

In remarks during a target = "_ blank" href = "https://www.biznews.com/asset-management/2021/30/cryptocurrencrencrencrencrencrencies-jean-pierre-verster" rel = "noopener"> Interview , however, seems to take an attitude to blockchain technology that of Resembles the opponents of cryptocurrency. He explained:

I think the technology of blockchain is a wonderful technology. And will find applications when it comes to open ledger - when it comes to transactions that you have to make sure that you are captured somewhere or recorded in a place that is not understandable for people - fiddling with these records. Blockchain is great for this.

Although he refers to foreign currency restrictions and hyperinflation as some of the legitimate factors that contribute to the popularity of cryptocurrencies, Verster still attacks "the application of blockchain in cryptocurrencies".

inevitable crash

He also warns of an inevitable crash, should all the people who wanted to get involved in the currencies should finally do so. Verster continued:

So

It has these elements of a Ponzi schemas, which means that prices rise, rise over a long period of time, and it looks as if the value rises, and then everything breaks down. So I didn't invest in crypto myself.

These latest anti-crypto comments by Verster-who also confesses that he is not a crypto bull-are a repetition of his for forms of investment make it dependent on the other person.

Do you agree to what Verster said about cryptocurrencies? Tell us your opinion in the comment area below.

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