Financial journalist Michael Lewis, author of “Moneyball” and “The Big Short” books, in a recent interview cryptocurrencies He explained that he was confident that he could “fall in”.
“Bitcoin and Cryptocurrencies Are Not Sustainable Because They Are Faith-Based”
Lewis, of bitcoin He said that it is a faith-based entity and therefore he does not believe that it is sustainable in the long run. Because Lewis is among those who argue that Bitcoin has an old technology.
However, Lewis said he thinks cryptocurrencies are “more equitable” than the traditional financial sector. The famous author stated that the crypto market is more equal than the stock market because investors can trade directly with stock markets without the need for any intermediaries.
to his speech decentralized finance (DeFi) Continuing to praise the industry, Lewis announced that he believes in the potential of this technology to reform the financial system.
In addition, Lewis said that if cryptocurrencies continue to exist for a long time, they can pose a serious threat to the current financial order.
Author’s Book of The Big Short Was Adapted To The Movie
Michael Lewis became one of the prominent authors with the publication of his book “The Big Short” in 2010. The factual book was made into a movie with a cast that included such stars as Christian Bale, Brad Pitt, and Ryan Gosling. The film tells the story of a series of investors who make all their investments in the collapse of the real estate sector in an economy on the brink of crisis in the USA.
Michael Burry, CEO of Scion Capital, who is the main character of the movie in question, has criticized the crypto market many times in his statements and announced that he expected a huge collapse last June. The famous investor is also known as one of the critics of Dogecoin rival meme token Shiba Inu.
*Not investment advice.