Lawrence McDonald, one of the most successful fund managers of Lehman Brothers, the FTX of traditional finance, claimed that Bitcoin (BTC) destroyed more wealth than it created.
McDonald’s on December 17 via his official social media account. in his post, Bitcoin is a store of value aspect cannot be used because destroyed more wealth than it created suggested. Bitcoin over the years negative their performance exemplary fund manager, the calculations made on paper the facts not reflect expressed.
McDonald, popular in cryptocurrency markets earnings of long-term investors against the trend of highlighting, few people for more than seven years He stated that he believes he is holding Bitcoin. The fund manager also 2010 since in almost every year 50% of He stated that it has experienced a decline in the market and it is very difficult for any investor to withstand all of these falls.
On the other hand, the introduction of Bitcoin as a store of value in traditional and crypto money markets. against coming out McDonald’s that much volatile an asset’s store of value won’t be told. fund manager of gold Lately marginal Although it gained value somehow, Bitcoin’s down directional He noted that he was still on the move.
In recent history goldman Sachs McDonald’s rhetoric in a research report he published in similar expressions he wrote. In Sachs’ report, next year of gold Better performance than Bitcoin He pointed out that he could show