On January 14, 2025, Cliff Asness, co-founder of AQR Capital Management, called Bitcoin a speculative bubble after its rise to over $100,000 following the November 2024 U.S. presidential election. Speaking on CNBC, he expressed doubts about Bitcoin’s long-term value, stating there are no clear practical uses for it besides speculation and illegal activities. Asness pointed ...
Cliff Asness, co-founder of AQR Asset Management, recently expressed his views on Bitcoin, calling it a speculative bubble. He highlighted that to change his perspective, he would need to see real-world use cases for Bitcoin instead of just its fluctuating prices. Asness emphasized that cryptocurrencies mainly serve purposes related to crime and speculation, lacking any ...
Cliff Asness, co-founder of AQR Asset Management, recently expressed his doubts about Bitcoin, describing it as being trapped in a speculative bubble. He believes that Bitcoin needs more real-world use cases to change his perspective, rather than just fluctuating prices. Asness claimed that cryptocurrencies primarily serve purposes related to crime and speculation, lacking any solid ...
Cliff Asness, co-founder of AQR Capital Management, recently expressed his belief that bitcoin is experiencing a speculative bubble, especially after its rapid increase past $100,000 following the November elections. On CNBC’s “Money Movers,” Asness emphasized that to change his view on bitcoin, he needs to see practical use cases beyond speculation and crime. He identified ...
Cliff Asness, co-founder of AQR Capital Management, recently expressed his belief that bitcoin is experiencing a speculative bubble, especially after its rapid increase past $100,000 following the November elections. On CNBC’s “Money Movers,” Asness emphasized that to change his view on bitcoin, he needs to see practical use cases beyond speculation and crime. He identified ...
