AQR Capital Co-Founder Calls Bitcoin a Speculative Bubble: Insights on Cryptocurrency Risks and Market Fluctuations
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 ...
